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Big Brown, the winner of the Kentucky Derby and the Preakness Stakes, came in last in the Belmont Stakes on June 7. The race was won by Da’ Tara at 38-1.

A win would have made Big Brown the first Triple Crown winner in 30 years, and the thoroughbred started the race odds-on favorite. Before the race, trainer Richard Dutrow Jr characterized Big Brown’s success as “a foregone conclusion”, according to news reports.

International Equine Acquisitions Holdings acquired Big Brown in September last year. IEAH’s co-presidents and co-chief executives are Michael Iavarone and Richard Schiavo.

On June 9, the Wall Street Journal reported that trainers D. Wayne Lukas, Bob Baffert and Nick Zito are aiming to raise $75m-$125m for the Thoroughbred Legends Racing Fund.