'Usain Bolt of horse racing' valued at £100m
A British horse dubbed 'the Usain Bolt of racing' has become the first in the world to be valued at £100 million.
Frankel, a three-year-old bay colt, is the hot favourite for the Queen Elizabeth II Stakes at Ascot next weekend after winning his first eight flat races.
The Newmarket-based horse has already made £805,000 for owner Prince Khalid Abdullah of Saudi Arabia, and he will add £1m with a win at Ascot.
The £100m valuation - which in addition to his potential winnings takes into account the £100,000-a-go ‘stud’ fee to mate him with a mare - is considered to be 'conservative' by McKeever Bloodstock, one of Britain's biggest bloodstock agencies and the company that placed the price tag on Frankel.
"Given the value of stallions now it is not at all unreasonable to put this kind of price - or even a higher one - on Frankel," Johnny McKeever, who runs the agency, said.
Independent body Racing For Change agreed with McKeever, with spokesman Nick Attenborough saying: "At £100k a time and with him able to cover up to 120 mares in one breeding session it would only take him eight years to earn his owner £100m, provided his offspring prove as good as he is.
"Frankel is the perfect racehorse, he is very big and extremely powerful. When he gallops very few horses can keep up with him and he has incredible stamina.
"He has such a huge stride that he often makes other very capable horses look slow. Frankel used to be very headstrong when he was young but he has calmed down and is maturing into a phenomenal horse."