12/21/2002 1:00AM

Red Bullet moving to Florida

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LEXINGTON, Ky. - Preakness Stakes winner Red Bullet, who retired earlier this year, will travel south to begin his stud career at owner Frank Stronach's Adena Springs South in Ocala, Florida. Stronach previously had announced that Red Bullet, a 5-year-old son of Unbridled, would stand at Adena Springs in Lexington.

Red Bullet will stand for a $30,000, the same fee at which he was advertised in Kentucky.

Red Bullet retired with three stakes wins: the 2000 Preakness and Grade 3 Gotham Stakes, and the 2002 Foggy Road Stakes. He retired with a lifetime race record of 14-6-2-2.

Stronach said one reason he decided to relocate Red Bullet was the institution of the Sunshine Millions program, which puts Florida-breds and California-breds in competition with each other in a series of races at Gulfstream and Santa Anita.

Stronach said he hoped Red Bullet's arrival would "encourage other breeders to improve the quality of the bloodstock residing in Florida."