04/25/2012 1:07PM

2012 Kentucky Derby: Michael Moreno of Southern Equine Racing Stables buys interest in Bodemeister

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Shigeki Kikkawa
Ahmed Zayat is majority owner of Bodemeister, the Kentucky Derby favorite.

Michael Moreno, who races as Southern Equine Racing Stables, has purchased a minority interest in Arkansas Derby winner Bodemeister, according to a source with knowledge of the sale.

Moreno had been looking at a number of Kentucky Derby contenders in recent weeks. Bodemeister is considered the favorite for the Kentucky Derby on May 5.

The majority interest in Bodemeister is owned by Ahmed Zayat. Zayat confirmed the sale, but did not want to identify the buyer, but said, "He is a very passionate man. Young and smart. Loves the game. A true sportsman."

Bloodstock agent Michael Levy brokered the deal, the source said.