09/09/2001 11:00PM

Point Given to stand at Three Chimneys


LEXINGTON, Ky. - In a deal that puts his total value at $50 million, Point Given will stand at Three Chimneys in Midway, Ky., for a $125,000 stud fee.

The 3-year-old Thunder Gulch colt was retired Aug. 30 after owner Prince Ahmed Salman announced the colt had a strained tendon in his left front leg, and, after 10 days of negotiations involving several Kentucky farms, Salman and Three Chimneys announced the deal Sunday.

Sources close to the negotiations said that Point Given will be syndicated in 50 shares of $1 million each, with Salman likely to keep 10 shares.

Point Given is not expected to shuttle to the southern hemisphere, a common mechanism by which stallion owners often maximize their returns on an expensive stallion.

The deal is less than the record $60 million to $70 million valuation that Coolmore Stud established for Fusaichi Pegasus last year when it purchased a majority of the 2000 Kentucky Derby winner for its worldwide stallion operation.

Despite the seven-figure share price and $125,000 first-year fee, Three Chimneys farm owner Robert Clay said that the farm has had "tremendous interest" in the colt.

"Between the breeders who wish to purchase shares and the people who have expressed interest to The Thoroughbred Corp. in breeding the horse, we know already that he will have an outstanding book of mares," Clay said.

Those mares will include The Thoroughbred Corp.'s multiple Grade 1-winning millionaire Sharp Cat. The 7-year-old Storm Cat mare has produced one foal, an A. P. Indy filly who is now a yearling named A. S. Cat.

During his two-year career, Point Given collected earnings of $3,968,500. He won nine of 13 races, finished second in three others, and was off the board only once in his career when he finished fifth behind Monarchos in this year's Kentucky Derby.

At 3, Point Given was a model of class and consistency, winning all but one of his seven starts this year. After his Derby loss, Point Given rebounded to win four consecutive $1 million Grade 1 races: the Preakness and Belmont Stakes, Haskell Invitational, and, in his final start, the Travers Stakes, in which he earned a career-high Beyer of 117.

Earlier in the year, Point Given also captured the Grade 1 Santa Anita Derby.

Point Given is the second foal for the stakes-winning Turkoman mare Turko's Turn, who also has produced Minnesota stakes-placed Deher's Turn, a colt by Dehere, and the winner Point Gained, a Hennessy filly. Turko's Turn also has a yearling Tale of the Cat filly.

Point Given is expected to arrive at Three Chimneys from The Thoroughbred Corp.'s farm in Bradbury, Calif., in a few weeks.