10/31/2001 12:00AM

Fallon-Stoute team breaks up

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Kieren Fallon, on the verge of winning his third British riding title in the last four years, will part company with Michael Stoute at the conclusion of the 2001 flat racing season on Nov. 10.

Fallon made the announcement Wednesday, after which Stoute confirmed that his Newmarket stable would not retain a contract rider next year.

This is the second time in three years that Fallon has lost a retainer with a leading British trainer. In 1999, he was dismissed by Henry Cecil after newspaper reports alleging a relationship between Fallon and Cecil's wife.

Stoute said that Fallon would continue to ride some of his horses when the need arose. Fallon is currently 11 victories ahead of defending champ Kevin Darley in the British jockey standings.

Meanwhile, British bookmakers Coral Eurobet has opened a book on next year's Breeders' Cup Classic. After having received substantial wagers on both Tiznow and Sakhee, they list those two at 12-1. Johannesburg and Lido Palace are both 20-1, while Officer and Siphonic are listed at 25-1.