Racing week: Sheikh Mohammed’s $9.7m spending spree

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Sheikh Mohammed outfought the Coolmore operation to pay $9.7million for a colt by Storm Cat at the Keeneland Sale in Kentucky earlier this week. Storm Cat is one of the world’s highest-priced stallions, commanding a fee of $500,000.

This marks the third-highest price paid for a yearling at auction. In 1985 $13.1 million was paid for Seattle Dancer and in 1983 $10.2 million was paid for Snaafi Dancer. Both horses failed miserably to live up to their price tags so no doubt Sheikh Mohammed will be hoping his new acquisition will fare better.