Japan’s Big Red Farm paid $10 million for the breeding rights to
Kentucky Derby and Preakness winner I’ll Have Another, the colt’s owner
Paul Reddam has confirmed.
Reddam told Daily Racing Form that
Shigeyuki Okada’s Big Red Farm topped another Japanese farm’s $9 million
offer. Both bids were well above what American stud farms had offered
for the 3-year-old Flower Alley colt.
Big Red Farm, Reddam said
Tuesday, “knew there was another offer, and we said we’d take $10
million,” Reddam said he did not consider the alternative of buying a
herd of mares and standing the stallion in the United States with his
“That’s not the direction I would have wanted to go,” he said. “I’m not a breeder.”