09/10/2001 12:00AM

Point Given to stand at Three Chimneys

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

A 3-year-old Thunder Gulch colt, Point Given was retired Aug. 30 after owner Prince Ahmed Salman announced that 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.

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.

Salman said that Point Given will be syndicated in 50 shares of $1 million each, and The Thoroughbred Corp. will keep 10 shares.

Despite Point Given's seven-figure share price, Salman said, "In 24 hours [after the announcement], we had already sold 25 shares, and I had calls from Europe, the Middle East, America, everywhere."

Asked whether he felt the high $125,000 stud fee was a risk for a first-year stallion, Salman shrugged and said, "This horse is a phenomenon. He's not a horse you see every day, and all my friends want shares and seasons to him.

"This horse is a treasure. I think he's the next Storm Cat and Seattle Slew combined together. I want to share him with my friends."

Point Given will not shuttle to the southern hemisphere, Salman said, emphasizing that this aspect of Three Chimneys' bid was an important factor in his decision. Though shuttling is a common mechanism by which stallion owners often maximize their returns on an expensive stallion, Salman said he does not like shuttling because he believes it is hard on the horse.

Salman said that he will leave the decision on the Point Given's book size to Three Chimneys owner Robert Clay. He will breed many of his best European and American mares to the colt, including Sharp Cat, Saudi Poetry, Oath, Windsharp, and Drina, the dam of last year's Breeders' Cup Distaff winner, Spain.

Salman said that many of the mares he breeds to Point Given will become the core of his new experiment, to race a Saudi Arabian-bred Classic winner.

Salman added that some of his mares that get in foal to Point Given eventually will ship to his new farm in Riyadh, Saudi Arabia, where 56 mares currently reside.

Those mares already at the farm foaled Salman's first Saudi Arabian-breds this year, including foals by Silver Charm and Storm Cat among others.

"My total ambition is to breed a great horse in Saudi Arabia to race in the West," he said. "Of course I want to win the Kentucky Derby, because it's the only race we haven't touched yet. In Saudi Arabia I have veterinarians, grooms, and trainers, all supervised by Richard Mulhall."

During his two-year career, Point Given collected total 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.

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 stakes-placed Deher's Turn, a colt by Dehere, and the winner Point Gained, a Hennessy filly. Turko's Turn, who is boarded at Mill Ridge Farm near Lexington, also has a yearling Tale of the Cat filly and currently is in foal to Thunder Gulch.

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