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I'll Have Another sold for $10 million

Updated: July 10, 2012, 12:35 AM ET
Associated Press

NEW YORK -- The owner of I'll Have Another says he sold his Kentucky Derby and Preakness winner to a farm in Japan for $10 million, a price that far exceeded any amount he was offered in the United States.

J. Paul Reddam made his comments in a blog appearing on the bloodhorse.com website. He writes there were two offers from U.S. breeding operations, one valued at just under $5 million, the other at $3 million.

"Certainly greed has something to do with it," he wrote, adding that the ...

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