Phelps' horse wins race at Gulfstream

Updated: January 26, 2013, 5:28 PM ET
Associated Press

HALLENDALE BEACH, Fla. -- Cerro, a 3-year-old colt partly owned by 18-time Olympic champion swimmer Michael Phelps, won the $54,500 third race at Gulfstream Park on Saturday.

Phelps and his former coach, Bob Bowman, share an ownership interest in the Ireland-bred colt, which runs in the colors of Team Valor International. Cerro is trained by Graham Motion, who oversaw 2011 Kentucky Derby winner Animal Kingdom for Team Valor.

Cerro ran 1 1/8 miles in 1:50.29, winning by 2½ lengths. ...

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