If you’re an 18-time Olympic gold medalist with a net worth of $45 mil, why not own a racehorse? I mean, what the heck. Here’s the AP story.
Top photo: Jim McCue, Maryland Jockey Club
Phelps is part-owner of Cerro, a 3-year-old Ireland-bred colt who is the early favorite to win the $100,000 Canonero II Stakes at Pimlico on Saturday.
Phelp’s former trainer Bob Bowman, who has bred and owned thoroughbreds for several years, also owns a share.
In a previous interview with Huffington Post, Bowman explains, “I’ve always loved racing and I got out because it just got to be a little much with the coaching, but now that Michael has retired and we’re on a little more flexible schedule, we both wanted to have fun with it. I think he’s always seen how much fun I’ve had with it and wanted to get involved, and this is a great opportunity for us to do it.”
Cerro is trained by Rick Mettee and has a new jockey, Alan Garcia, who is replacing Joel Rosario. He will run under the colors of Team Valor.
The AP story details Cerro’s stats:
Cerro will be running 1 1/8 miles for the second time since winning his first career race in Italy last year. He is 1 for 4 this year, including a sixth-place finish behind Kentucky Derby winner Orb in the Fountain of Youth, and a fourth-place finish in the Lexington Stakes.
Cerro has career earnings of $48,450.
He will face five rivals, including Dynamic Strike, the only stakes winner in the field.
In this video from Keeneland last month, Barry Irwin of Team Valor talks about Cerro and how Phelps got involved in racehorse ownership:
Read the full story here.