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.