02/12/2010 12:00AM

IEAH in Stardom Bound deal


The IEAH Stables has bought out David Lanzman's quarter-interest in the filly Stardom Bound, but negotiations are still ongoing for the outfit to buy Lanzman out of his half-interest in I Want Revenge, both parties said Friday.

Michael Iavarone, president of IEAH, said that his group made a $1.425 million payment on Monday to Lanzman to buy his interest in Stardom Bound, who will run in Sunday's Grade 2 La Canada Stakes at Santa Anita. Lanzman confirmed that he received that payment.

"They don't owe me any money at this moment," Lanzman said.

As part of its deal last March to buy half-interest in I Want Revenge, IEAH sold quarter-interest in Stardom Bound to Lanzman. Stardom Bound was the champion 2-year-old filly of 2008 when owned by Charles Cono and trained by Chris Paasch. IEAH bought her for $5.7 million at the 2008 Fasig-Tipton fall mixed sale.

Meanwhile, Iavarone said attorneys are still working on an agreement that would have IEAH buy Lanzman out of his half-interest in I Want Revenge, which IEAH purchased before the colt's victory in the Grade 1 Wood Memorial last April. I Want Revenge was subsequently injured and scratched out of the Kentucky Derby the morning of the race.

On Thursday, I Want Revenge was relocated in from Le Croix Farm in Kentucky to Emerald Farm there. Emerald Farm is run by Michael Nevin, the father of exercise rider Michelle Nevin, who works for Richard Dutrow Jr., the trainer of Stardom Bound. Iavarone said that he is having veterinarians examine I Want Revenge before deciding whether to buy out Lanzman.

"I own 50 percent of I Want Revenge at this moment," Lanzman said Friday afternoon.