Coolmore smash record to secure Pegasus

The Coolmore Stud have confirmed the purchase of the Kentucky Derby winner Fusaichi Pegasus, who will stand at their American base, Ashford Stud, Kentucky. Industry sources have estimated the selling price at $60m-$70m (£35m-£42m). The previous record for a stallion prospect was $40m (£24m), paid for Shareef Dancer in 1983.

The Coolmore Stud have confirmed the purchase of the Kentucky Derby winner Fusaichi Pegasus, who will stand at their American base, Ashford Stud, Kentucky. Industry sources have estimated the selling price at $60m-$70m (£35m-£42m). The previous record for a stallion prospect was $40m (£24m), paid for Shareef Dancer in 1983.

To justify a price of $70m, Coolmore could charge a stud fee of up to $200,000 per live foal, which would generate $20m per year if Fusaichi Pegasus covered 100 mares annually.

First, he will race at least once more, probably in the Breeders' Cup Classic at Churchill Downs on 4 November, where he is likely to meet Dubai Millennium.