01/22/2013 6:21PM

IEAH sells its interest in Kentucky Derby winner Big Brown

Barbara D. Livingston
Big Brown

IEAH Stables has sold its interest in its 2008 Kentucky Derby and Preakness winner Big Brown to a group of current investors in the stallion, including Three Chimneys Farm. Three Chimneys, in Midway, Ky., has stood the 8-year-old Boundary horse since his first season at stud in 2009.  The Stallion Company brokered the private deal.

“I represented a group of investors—current shareholders that included Three Chimneys and some of their partners—that bought out IEAH’s holdings in Big Brown,” said The Stallion Company’s Jamie LaMonica. “It was 11 shares. IEAH needed to make a sale; we thought that the horse was doing well. He’s a unique horse that has bred more mares every year he’s been at stud, which is indicative of really good foals. We’ve gotten great feedback from trainers and think the best is yet to come. So we thought it was a good opportunity to increase the position on the horse.”

Big Brown’s first crop hit the racetrack last year and was led by stakes winner Brown Almighty, who is Grade 3-placed. Big Brown is the sire of U.S. juvenile winners Darwin, Insolvent, Brown Eyes Blue, Archer Hill, and Miss Lucky Sevens, among others. Last March, Big Brown’s son out of the mare Cool Ghoul topped Fasig-Tipton Florida’s select juvenile sale when Coolmore went to $1.3 million for him.

“It consolidates ownership a little bit, and allows them to have a firmer control of the direction in which he will go,” LaMonica said of the purchasers, adding that it would be business as usual for the stallion, who is expected to continue shuttling to the Southern Hemisphere after the breeding season in the U.S.

IEAH, led by managing partner Mike Iavarone, has faced financial difficulties the last several years. In May, the publicly traded American Basketball Association signed a letter of intent to buy IEAH’s pinhooking operation while maintaining IEAH as the operation’s manager. IEAH owns the Ruffian Equine Medical Center that it built in 2009 near Belmont Park, but the clinic closed in 2011.

Honnimae More than 1 year ago
Rick is a Scrap Goat... The Jacksons have money and got away with a lot of S**$
Honnimae More than 1 year ago
what happen to Culin's Kids all Drug addict feel sorry for the Colt out of Rachel two Drug addicted Parents this will be a sick horse... He won't be able to run anywhere that ban Meds.....
not impressed More than 1 year ago
Rachel only raced on Lasix...as did Zenyatta. Bernardini raced on Lasix too. Can't blame one without saying the same about the other. Curlin didn't run on steriods after his 3yo year...which is still something he SHOULDN'T have done PERIOD. ALL medication including Lasix should be banned. horses don't need drugs. We only think they do.
Pom De Terre More than 1 year ago
i was told by a good source yesterday that they are also selling their interest in teaks north. that would be the gelding that won the sunshine million turf last saturday under rick dutrow- oops, i mean his former girlfriend and 3 day licensed trainer at that time, michelle nevin.
Rufus More than 1 year ago
"Every man is a damn fool for at least five minutes every day; wisdom consists in not exceeding the limit." I don't believe Mike Iavarone ever understood that fundamental truth, did he?
David Voelker More than 1 year ago
Big Brown has the older bloodlines - Damascus Round Table & Northern Dancer. He needs to be bred to inbred Mr. Prospector Mares 3 x 3.
not impressed More than 1 year ago
I wouldn't breed to Big Brown if a foal by him was handed to me. He was highly unsound and was only as good as the drugs given to him.
Brian Russell More than 1 year ago
Worse, Have you looked at his female family? Horrible!!!
Michael Infurna More than 1 year ago
Should change the name from IEAH Stables to Boiler Room Stables. Why has iavarone faced financial dificulties in the last few years, that's what i would like to know.
Richard Berry More than 1 year ago
If you watched the belmont that year and didnt think that something was fishie about that. that must been your first race you ever saw. I knew something was wrong with that from the start of the race watch the jocky as soon as he came out of the gate told you something was about to happen. all thoes guys in cluded the jocky should be banded for life
Joyce Johnson Groome More than 1 year ago
Big Brown was usually given a steroid shot on the 15th of every month and was not given it before the Belmont. Dutrow had admitted to this,which at the time was not illegal. He thought the colt could win without it. The rest is history!
Richard Berry More than 1 year ago
what i saw in the race did not have anything to do with the horse. Watch the jocky
Pom De Terre More than 1 year ago
one of them was...
Geral John Pinault More than 1 year ago
I don't see anything great yet from Big Brown. He was a powerhouse of a horse on the track, but his get is yet to be of star quality...
PeterG More than 1 year ago
Barry Bonds, Mark McGwire, and Sammy Sosa were powerhouses back in 1998 thru 2001 too.
PeterG More than 1 year ago
You're not less guilty because someone else is also guilty. And when you commit a crime the judge can give you any sentence he feels is warranted. The suspensions are starting to get longer for trainers getting caught juicing their horses. Heath Reed got a 21 year suspension for frog juice in New Mexico. 3 or 4 trainers got 10 year suspensions in Louisiana for frog juice. Others down their got 5 and 3 year sentences. You do the crime, you do the time that the governing body in the state you're operating in gives you. NYRA gave him 10 years. Two NY State Courts denied his appeal and the Federal Court will deny it to. Dutrow damaged the sport and he deserves every day he's suspended. I've said this before, personally I hope the Feds / FBI get involved in this sport and some of these criminals (trainers, owners, track officials) that are fixing races are thrown in jail not just suspended for many years. It's outrageous that they get away with what they get away with, which is robbing the public on a daily basis at every track in this country. You've got to be insane to bet on this sport with serious money. Either insane or wealthy and can afford to lose / be robbed of your money.
Jeffries Will More than 1 year ago
so take your money somewhere else
Babette Cade More than 1 year ago
Yes, he should take his money elsewhere. The people who need to go are the ones whose constant complaining discolor this sport. It is a sport, not a welfare for gamblers or a Sunday school for the self righteous. Dr. Larry Bramlage testified on Dutrow's behalf. That is all I need.
Joyce Johnson Groome More than 1 year ago
Well put! There is an article from the NY Times from June 1,2008, which describes the sketchy past of Iavarone, including being suspended and fined for unauthorized trades in the stock market, writing a $20,000 bad check to an Atlantic City casino and he had too pay Keeneland Assoc. $504.000 in a settlement for not paying for horses that he had purchased, etc. Dutrow was guilty of over 70 violations and just never seemed to get it! Well, now he will! I don't gloat in good people's misfortunes only the one's who truly deserve it! I don't worry about my Karma, being good to others and animals and giving back should keep me out of trouble!
Ronald Sanchez More than 1 year ago
I will always cheers for big brown, I own one colt that came third last week in maiden special weight debut at aqueduct and completely sure we will be in the derby, i have another one is a florida bredyearling out of a mare called rizzi girl, both of them are big horses and smarts guys the better of big brown as a stallion is yet to come , and believe me, we will be in the derby with our champion boy
mrm More than 1 year ago
Yearling has a shot as technically all unraced yearlings do. As far as the 3yo maiden...You must be joking.
Pom De Terre More than 1 year ago
that is simply one stupid statement. unless you personally have knowledge about this colt's starts, you have no clue as to why he is getting a late start. now and then (tapit) just won his msw last sunday, and he's got derby potential all over him. stick to your merry-go-round horses.
mrm More than 1 year ago
I have forgot more about horses then you could ever dream of knowing. If the BB colt was anything he wouldn't be trying to break his maiden at Aqueduct in the winter. Besides nobody in their right mind would make such a dumb statement. Stick to your broken down 5k nw of 2 lifetime that you own or train.