Here's who owns every Kentucky Derby horse and how they amassed their fortunes

Getting a horse into the Kentucky Derby requires big dreams, and often big bank accounts. But that’s not always the case as syndicates, or groups of owners, band together to make a chase at the “Run for the Roses.”

There are 47 owners listed among the 20 horses in this year’s field. A pair of Derby hopefuls — Citizen Bull and Rodriguez — are being campaigned by the same group of 10 primary owners. Journalism has eight owners, while 10 horses have only one.

Here’s a look at the owners of each thoroughbred who’ll compete in the 2025 Kentucky Derby, in post-position order with their morning-line odds.

1. Citizen Bull (20-1)

— Owners: SF Racing LLC, Starlight Racing, Madaket Stables LLC, Stonestreet Stables LLC, Dianne Bashor, Determined Stables, Robert E. Masterson, Tom J. Ryan, Waves Edge Capital LLC and Catherine Donovan.

— Trainer: Bob Baffert.

— Breeding: In Kentucky by Robert Low and Lawana Low.

— Earnings to date: $1,451,000.

— Last time out: Fourth in the Grade 1 Santa Anita Derby (won by Journalism) at Santa Anita Park on April 5.

— Other graded stakes results: First in the Grade 3 Robert B. Lewis Stakes at Santa Anita Park on Feb. 1. First in the Grade 1 Breeders’ Cup Juvenile at Del Mar on Nov. 1, 2024. First in the Grade 1 American Pharoah Stakes at Santa Anita Park on Oct. 5, 2024. Third in the Grade 1 Del Mar Futurity (won by Gaming) at Del Mar on Sept. 8, 2024.

— Churchill Downs results: None.

— About the owners: The ownership is a consortium led by SF Racing, Starlight Racing and Madaket Stables, who have been dubbed “The Avengers,” according to the Kentucky Derby’s website. … SF Racing, according to America’s Best Racing, is the racing venture of billionaire investor George Soros. Horses in the stable are owned in individual multiple partnerships. SF Racing’s successes include Breeders’ Cup Classic, Kentucky Derby and Haskell winner Authentic. SF Racing’s partners include Tom Ryan and Gavin Murphy. Ryan, who is from Ireland, is based in Lexington and his wife, Katie, is the daughter of former Edmonton Oilers forward Pat Hughes, who won three Stanley Cups. Murphy, from Australia, is the founder of SF Bloodstock, an international breeding and racing operation that is part of SF Racing. … Starlight Racing was founded in 2000 by the husband-and wife-team of Jack and Laurie Wolf. According to the stable’s website, one of the Wolfs’ first horses was Harlan’s Holiday, who earned $3.6 million and finished seventh in the 2002 Kentucky Derby. In 2011, Jack Wolf helped found the Thoroughbred Aftercare Alliance, which is dedicated to helping retired thoroughbreds. The Wolfs also started StarLadies Racing in 2013, an all-ladies, all-fillies racing syndicate. … Madaket Stables is run by Sol Kumin, founder and chief executive officer of Folger Hill Asset Management. He and Wolf were part-owners of 2018 Kentucky Derby winner Justify, 2018 Kentucky Oaks winner Monomoy Girl and 2020 Kentucky Derby winner Authentic. … Stonestreet Stables is owned by Barbara Banke, the widow of founder Jess Jackson. She now operates both the stable and Jackson Family Wines after her husband’s death in 2011. Banke formerly practiced land use and constitutional law. Jess Jackson, also a lawyer, started the Kendall-Jackson wine business with his first wife, Jane Kendall (Wadlow) Jackson. Stonestreet is best known for leading the campaigns of 2007 and 2008 Horse of the Year winner Curlin and 2009 Horse of the Year winner Rachel Alexandra. … Robert Masterson, the owner of 2015 Breeders’ Cup Mile winner Tepin, is originally from Nebraska and is a retired CEO of several computer services corporations. … W. Gregg Slager owns Waves Edge Capital, a private investment and advisory business. … Catherine Donovan is a retired New York attorney who has been involved in thoroughbred breeding and racing for more than 20 years. She is married to SF Racing’s Gavin Murphy.

2. Neoequos (30-1)

— Owners: C2 Racing Stable LLC, Ian Parsard, Shining Stables LLC and Stefania Farms LLC.

— Trainer: Saffie Joseph Jr.

— Breeding: In Florida by Helen Barbazon, Joseph Barbazon and Matalona Thoroughbreds LLC.

— Earnings to date: $291,050.

— Last time out: Third in the Grade 1 Florida Derby (won by Tappan Street) at Gulfstream Park on March 29.

— Other graded stakes results: Third in the Grade 2 Fountain of Youth Stakes (won by Sovereignty) on March 1.

— Churchill Downs results: None.

— About the owners: C2 Racing Stable is based out of Gulfstream Park in Florida and is owned and operated by brothers Clint Cornett of Flower Mound, Texas, and Mark Cornett of Naples, Fla. The pair previously owned horses as Turf Express in the early 2000s. They were co-owners of White Abarrio, who ran 16th in 2022 Kentucky Derby and went on to win the Breeders’ Cup Classic in 2023 and the Pegasus World Cup earlier this year. … Ian Parsard is an owner and trainer based in Jamaica. … Shining Stables started fielding horses just last year while Stefania Farms began racing in 2018.

3. Final Gambit (30-1)

— Owners: Juddmonte.

— Trainer: Brad Cox.

— Breeding: In Kentucky by Juddmonte.

— Earnings to date: $520,639.

— Last time out: First in the Grade 3 Jeff Ruby Steaks at Turfway Park on March 22.

— Other graded stakes results: None.

— Churchill Downs results: Third in a maiden special weight race (won by Maui Strong) on Nov. 9, 2024.

— About the owners: Juddmonte was owned by Prince Khalid bin Abdullah Al Saud of Saudi Arabia until his death on Jan. 12, 2021. Juddmonte won the Eclipse Award for top owner in 1992, 2003, 2016 and 2017 and top breeder in 1995, 2001-03 and 2009. Juddmonte doesn’t have a Kentucky Derby victory on its résumé, but it did win the 2016 Breeders’ Cup Classic and 2017 Pegasus World Cup with Arrogate.

4. Rodriguez (12-1)

— Trainer: Bob Baffert.

— Breeding: In Kentucky by Kingswood Farm and David Egan.

— Earnings to date: $522,800.

— Last time out: First in the Grade 2 Wood Memorial Stakes at Aqueduct on April 5.

— Other graded stakes results: Third in the Grade 2 San Felipe Stakes (won by Journalism) at Santa Anita Park on March 1. Second in the Grade 3 Robert B. Lewis Stakes (won by Citizen Bull) at Santa Anita Park on Feb. 1.

— Churchill Downs results: None.

— About the owners: See Citizen Bull.

5. American Promise (30-1)

— Owner: BC Stables LLC.

— Trainer: D. Wayne Lukas.

— Breeding: In Kentucky by Candy Meadows LLC.

— Earnings to date: $444,874.

— Last time out: First in the Virginia Derby (an ungraded Derby prep race this year) at Colonial Downs on March 15.

— Other graded stakes results: Fifth in the Grade 2 Risen Star Stakes (won by Magnitude) at Fair Grounds on Feb. 15. Seventh in the Grade 3 Southwest Stakes (won by Speed King) at Oaklawn Park on Jan. 25.

— Churchill Downs results: Fourth in a maiden special weight race (won by Monet’s Magic) on Nov. 30, 2024. Second in a maiden special weight race (won by Render Judgment) on Oct. 27, 2024. Eighth in a maiden special weight race (won by Extradition) on Sept. 27, 2024.

— About the owners: BC Stables is the racing operation of longtime friends John Bellinger and Brian Coelho, America’s Best Racing reported. Coelho is president and CEO of Central Valley Meat Company in Hanford, Calif. Bellinger, of San Antonio, is the co-founder, with his wife Gina, and the former CEO of Food Safety Net Services. John Bellinger is the CEO of Agri-West International and Bellinger Development. Just Steel finished 17th in the 2024 Kentucky Derby for BC Stables.

6. Admire Daytona (30-1)

— Owner: Junko Kondo.

— Trainer: Yukihiro Kato.

— Breeding: In Japan by Northern Racing.

— Earnings to date: $672,047.

— Last time out: First in Grade 2 UAE Derby at Meydan Racecourse on April. 5.

— Other graded stakes results: None.

— Churchill Downs results: None.

— About the owners: Admire Daytona, who was purchased by Junko Kondo for approximately $480,000 as a foal, will be Junko Kondo’s first Kentucky Derby starter. Kondo’s late husband, Riichi, was famous for naming his horses with the “Admire” prefix and he campaigned 2007 Japanese Horse of the Year Admire Moon.

7. Luxor Cafe (15-1)

— Owner: Koichi Nishikawa.

— Trainer: Noriyuki Hori.

— Breeding: In Kentucky by Orpendale/Chelston/Wynatt & Westerberg Ireland ULC.

— Earnings to date: $379,057.

— Last time out: First in the Fukuryu Stakes at Nakayama on March 29.

— Other graded stakes results: None.

— Churchill Downs results: None.

— About the owner: It’s the first Kentucky Derby for Japanese owner Koichi Nishikawa, who is the chairman at Times Mobility Networks Co. and the executive president and representative director at Park24 Co.

8. Journalism (3-1)

— Owners: Bridlewood Farm, Don Alberto Stable, Eclipse Thoroughbred Partners, Elayne Stables 5 LLC, Robert V. LaPenta, Mrs. John Magnier-Lessee, Derrick Smith-Lessee, Michael B. Tabor-Lessee.

— Trainer: Michael W. McCarthy.

— Breeding: In Kentucky by Don Alberto Corporation.

— Earnings to date: $638,880.

— Last time out: First in the Grade 1 Santa Anita Derby at Santa Anita Park on April 5.

— Other graded stakes results: First in the Grade 2 San Felipe Stakes at Santa Anita Park on March 1. First in the Grade 2 Los Alamitos Futurity at Los Alamitos on Dec. 14, 2024.

— Churchill Downs results: None.

— About the owners: This partnership has quite a bit of Derby experience. According to America’s Best Racing, Leslie and John Malone’s Bridlewood Farm, Aron Wellman’s Eclipse Thoroughbred Partners, and LaPenta previously teamed to finish sixth in the 2017 Kentucky Derby with Tapwrit, who went on to win the Belmont Stakes. LaPenta’s Ice Box finished second in the 2010 Kentucky Derby, and Eclipse Thoroughbred Partners was a part-owner of 2014 Derby third-place finisher Danza. … Liliana Solari and her son Carlos Heller operate Don Alberto, which bred and owns an interest in Journalism. Don Alberto Stable was a co-owner of 2017 Kentucky Derby third-place finisher Battle of Midway. … The Malones purchased the 800-acre Bridlewood Farm in Ocala, Fla., in 2013. Smarty Jones trained there ahead of his 2004 Derby victory. … Eclipse Thoroughbred Partners founder Aron Wellman grew up on the backside at Del Mar working for trainers. He played college soccer for the University of California Santa Barbara and later graduated from Southwestern University Law School. His law practice allowed him to try his hand at racing partnerships where he found success, eventually becoming vice president of Team Valor before striking out on his own as founder and president of Eclipse. … Michael Tabor got into horse racing in the mid-1990s after selling his betting company, Price Arthur, and then becoming a partner in Coolmore Stud. Tabor won the 1995 Derby with Thunder Gulch. … John Magnier owns Ashford Stud, the home of Coolmore Stud. His wife, Susan, is the daughter of legendary Irish trainer Vincent O’Brien. … Derrick Smith has worked in property and currency trading.

9. Burnham Square (12-1)

— Owners: Whitham Thoroughbreds LLC.

— Trainer: Ian Wilkes.

— Breeding: In Kentucky by Whitham Thoroughbreds LLC.

— Earnings to date: $977,755.

— Last time out: First in the Grade 1 Blue Grass Stakes at Keeneland on April 8.

— Other graded stakes results: Fourth in the Grade 2 Fountain of Youth Stakes (won by Sovereignty) at Gulfstream Park on March 1. First in the Grade 3 Holy Bull Stakes at Gulfstream Park on Feb. 1.

— Churchill Downs results: Third in a maiden special weight race (won by Monet’s Magic) on Nov. 30, 2024.

— About the owners: Janis Whitham and son Clay Whitham run the family’s breeding and racing operation. The Whithams are from Kansas and won the Breeders’ Cup Classic with Fort Larned in 2012. Janis and late husband Frank, who died in a private plane crash in 1993, first owned quarter horses in the 1960s and thoroughbreds in the 1970s. The Whitham family has worked in farming, cattle feeding and banking. McCraken ran eighth in the 2017 Kentucky Derby for the Whithams. McCraken is now at Old Friends, the thoroughbred retirement farm in Georgetown.

10. Grande (20-1)

— Owners: Repole Stable.

— Trainer: Todd Pletcher.

— Breeding: In Kentucky by KatieRich Farms.

— Earnings to date: $228,200.

— Last time out: Second in the Grade 2 Wood Memorial Stakes (won by Rodriguez) at Aqueduct on April 5.

— Other graded stakes results: None.

— Churchill Downs results: None.

— About the owner: Repole Stable is owned by Mike Repole, who is known for co-founding Glacéau (maker of Vitaminwater), which sold to Coca-Cola for $4.1 billion, and BodyArmor SuperDrink, a sports drink manufacturer now partially owned by Coca-Cola. He is a major source of NIL funds for the men’s basketball program at his alma mater, St. John’s. Repole was the owner for Uncle Mo, who was the 2010 Eclipse Award winner for 2-year old colts and has gone on to be a top stallion. In 2022, Repole Stable teamed with Donegal Racing as owners of fifth-place Derby finisher Mo Donegal. Forte, the 2023 Kentucky Derby favorite, was scratched the morning of the race. Fierceness finished 15th in 2024. Repole Stable’s best Derby finish among seven other prior starters was ninth in 2018 with Vino Rosso, who went on to win the 2019 Breeders’ Cup Classic.

11. Flying Mohawk (30-1)

— Owners: Two Eight Racing, Berry Family Racing LLC and Kaleta Racing.

— Trainer: D. Whitworth Beckman.

— Breeding: In Kentucky by John O’Meara.

— Earnings to date: $295,800.

— Last time out: Second in the Grade 3 Jeff Ruby Steaks (won by Final Gambit) at Turfway Park on March 22.

— Other graded stakes results: Fifth in the Grade 2 Pilgrim Stakes (won by Zulu Kingdom) at Belmont at the Big A on Sept. 28, 2024.

— Churchill Downs results: First in a maiden special weight race on Oct. 27, 2024.

— About the owners: Two Eight Racing is owned by former Major League Baseball player Jayson Werth. He batted .267 with 229 home runs and 799 RBIs in 15 seasons with the Toronto Blue Jays, Los Angeles Dodgers, Philadelphia Phillies and Washington Nationals from 2002-17. He signed a seven-year, $126 million deal with the Nationals in December 2010. Werth co-owned his first Derby horse last year, Dornoch, who finished 10th before going on to win the Belmont Stakes and Haskell Stakes. … Berry Family Racing is owned by Jeff Berry, an Owensboro, Ky., native who is a senior advisor to the president of baseball operations for the San Francisco Giants and a former longtime sports agent. … Kaleta Racing is owned by Florida real estate developer Shawn Kaleta.

12. East Avenue (20-1)

— Owner: Godolphin LLC.

— Trainer: Brendan Walsh.

— Breeding: In Kentucky by Godolphin.

— Earnings to date: $654,395.

— Last time out: Second in the Grade 1 Blue Grass Stakes (won by Burnham Square) at Keeneland on April 8.

— Other graded stakes results: Tenth in the Grade 2 Risen Star Stakes (won by Magnitude) at Fair Grounds on Feb. 15. Ninth in the Grade 1 Breeders’ Cup Juvenile (won by Citizen Bull) at Del Mar on Nov. 1, 2024. First in the Grade 1 Breeders’ Futurity at Keeneland on Oct. 5, 2024.

— Churchill Downs results: None.

— About the owner: Founded by Sheikh Mohammed bin Rashid Al Maktoum (the prime minister of the United Arab Emirates and ruler of Dubai), Godolphin is a global thoroughbred breeding operation and horse racing team that has operations in Dubai, Europe, Australia, Japan and Lexington, Ky. Godolphin has won the Eclipse Award for top owner seven times (2010, 2012 and 2020-24) but still seeks its first Kentucky Derby winner. Its best finish was third with Essential Quality in 2021.

13. Publisher (20-1)

— Owners: Gus King and Estate of Brereton C. Jones.

— Trainer: Steve Asmussen.

— Breeding: Brereton C. Jones.

— Earnings to date: $407,756.

— Last time out: Second in the Grade 1 Arkansas Derby (won by Sandman) at Oaklawn Park on March 29.

— Other graded stakes results: Fourth in the Grade 2 Rebel Stakes (won by Coal Battle) at Oaklawn Park on Feb. 23. Sixth in the Grade 3 Southwest Stakes (won by Speed King) at Oaklawn Park on Jan. 25.

— Churchill Downs results: Third in a maiden special weight race (won by Kinetic Control) on Nov. 22, 2024. Third in a maiden special weight race (won by Extradition) on Sept. 27, 2024.

— About the owners: The colt was bred by Brereton C. Jones, who was the state of Kentucky’s 58th governor (1991-1995). Jones was born in Ohio and was a member of the West Virginia House of Delegates before trips to Keeneland and meeting his future wife, Elizabeth “Libby” Lloyd, led him to move to Kentucky. They founded Airdrie Stud near Midway in 1972. Jones died on Sept. 18, 2023, at age 84. … Gus King is the president and CEO of Alabama-based ColorMasters, which produces flexible packaging.

14. Tiztastic (20-1)

— Owners: Winchell Thoroughbreds LLC, Mrs. John Magnier, Michael B. Tabor and Derrick Smith.

— Trainer: Steve Asmussen.

— Breeding: In Kentucky by Capital Bloodstock.

— Earnings to date: $1,549,800.

— Last time out: First in the Grade 2 Louisiana Derby at Fair Grounds on March 22.

— Other graded stakes results: Fifth in the Grade 2 Rebel Stakes (won by Coal Battle) at Oaklawn Park on Feb. 23. Third in the Grade 3 Southwest Stakes (won by Speed King) at Oaklawn Park on Jan. 25. Third in the Grade 2 Kentucky Jockey Club Stakes (won by First Resort) at Churchill Downs on Nov. 30, 2024. Second in the Grade 3 Street Sense Stakes (won by Sovereignty) at Churchill Downs on Oct. 27.

— Other Churchill Downs results: None.

— About the owners: Winchell Thoroughbreds, a racing and breeding operation, was started by Verne Winchell, who died in 2002. The Illinois native founded the doughnut company Winchell’s. That company merged with Denny’s in 1967. Winchell Thoroughbreds is now a partnership of Joan Winchell and son Ron. They campaigned 2004 Wood Memorial winner Tapit, now one of the world’s leading stallions who stands at Gainesway Farm in Kentucky. Winchell Thoroughbreds owns a 50% share of both Tapit and Gun Runner, another one of the sport’s top stallions. The Winchells own 320-acre Corinthia Farm near Lexington. … Ron Winchell is involved in gaming bars/restaurants, construction, and real estate development. … In partnership, Winchell purchased Kentucky Downs in Franklin, Ky., in November 2018. … Epicenter, the second-place Kentucky Derby finisher in 2022, was Winchell’s best showing in 13 tries. … For Tabor, the Magniers and Smith, see Journalism.

15. Render Judgment (30-1)

— Owners: Baccari Racing Stable LLC, Dream Walkin’ Farms Inc., MJM Racing and Rocket Ship Racing.

— Trainer: Kenny McPeek.

— Breeding: In Kentucky by Green Lantern Stables.

— Earnings to date: $250,672.

— Last time out: Fifth in the Grade 1 Blue Grass Stakes (won by Burnham Square) at Keeneland on April 8.

— Other graded stakes results: Second in the Virginia Derby (an ungraded Derby prep race this year won by American Promise ) at Colonial Downs on March 15. Eighth in the Grade 2 Risen Star Stakes (won by Magnitude) at Fair Grounds on Feb. 15. Fifth in the Grade 2 Kentucky Jockey Club Stakes (won by First Resort) at Churchill Downs on Nov. 30, 2024.

Churchill Downs results: First in a maiden special weight race on Oct. 27, 2024.

About the owners: Chris Baccarri owns Baccari Racing Stable LLC and is based at Lexington’s Seclusive Farm. He has teamed up before with Oklahoma-based Dream Walkin’ Farms, which was the late country music singer Toby Keith’s racing venture. Keith’s sister Tonni Covel now runs the operation. … MJM Racing is owned by Australian trainer Michael Mehegan, a former jockey. … Rocket Ship Racing was started in 2021 by Louisville businessman and philanthropist Brook T. Smith, who grew up in Westport in Oldham County. He was a co-owner of 2024 Breeders’ Cup Classic winner Sierra Leone, who finished second to Mystik Dan in the 2024 Kentucky Derby.

16. Coal Battle (30-1)

— Owner: Norman Stables LLC.

— Trainer: Lonnie Briley.

— Breeding: In Kentucky by Hume Wornall and Jay Adcock.

— Earnings to date: $1,188,875.

— Last time out: Third in the Grade 1 Arkansas Derby at Oaklawn Park (won by Sandman) on March 29.

— Other graded stakes results: First in the Grade 2 Rebel Stakes at Oaklawn Park on Feb. 23..

— Churchill Downs results: None.

— About the owner: Norman Stables is owned by Robbie Norman, who also co-owns a group of grocery stores in the Southeast. Coal Battle would be his first Kentucky Derby horse.

17. Sandman (6-1)

— Owners: D.J. Stable LLC, St. Elias Stable, West Point Thoroughbreds and CJ Stables.

— Trainer: Mark Casse.

— Breeding: In Kentucky by Lothenbach Stables Inc.

— Earnings to date: $1,254,595.

— Last time out: First in the Grade 1 Arkansas Derby at Oaklawn Park on March 29.

— Other graded stakes results: Third in the Grade 2 Rebel Stakes (won by Coal Battle) at Oaklawn Park on Feb. 23. Second in the Grade 3 Southwest Stakes (won by Speed King) at Oaklawn Park on Jan. 25. Third in the Grade 3 Street Sense Stakes (won by Sovereignty) at Churchill Downs on Oct. 27, 2024. Fifth in the Grade 3 Iroquois Stakes (won by Jonathan’s Way) at Churchill Downs on Sept. 14, 2024.

— Other Churchill Downs results: Fifth in a maiden special weight race (won by Keep It Easy) on June 27, 2024.

— About the owners: D.J. Stable is owned by Leonard and Lois Green. Len Green is a certified public accountant who graduated from Harvard Business School and New York University. He teaches courses at Babson College in Wellesley, Mass. Green is also the founder and chairman The Green Group, a New Jersey-based accounting and advisory firm that specializes in the thoroughbred industry. D.J. Stable won the Breeders’ Cup Juvenile Fillies with Wonder Wheel in 2022. It was seventh in the 2021 Kentucky Derby with Helium. … St. Elias Stable and West Point Thoroughbreds were part of the ownership group of 2017 Kentucky Derby winner Always Dreaming. … St. Elias Stable is owned by Vincent Viola, founder and executive chairman of Virtu Financial (providers of financial services, trading products and market making services) and former chairman of the New York Mercantile Exchange. The New York native graduated from the United States Military Academy. Viola also owns the NHL’s Florida Panthers. He was a co-owner of 2019 Breeders’ Cup Classic winner Vino Rosso. Forbes recently estimated his net worth at $6 billion. … West Point Thoroughbreds, which campaigned O Besos to a fourth-place Kentucky Derby finish in 2021, was founded by president and CEO Terry Finley, a West Point graduate. He was also a co-owner of Flightline, who was undefeated in six career starts including winning the 2022 Breeders’ Cup Classic at Keeneland by a race-record 8 1/4 lengths. … Charles Sonson’s CJ Stables is fairly new to horse racing with Equibase marking 2024 as its first year in racing. … Griffin Johnson, a social media influencer with nearly 10 million followers on TikTok, is a minority shareholder in Sandman through America’s Best Racing’s A Stake in Stardom influencer ownership initiative.

18. Sovereignty (5-1)

— Owners: Godolphin LLC.

— Trainer: Bill Mott.

— Breeding: In Kentucky by Godolphin.

— Earnings to date: $572,800.

— Last time out: Second in the Florida Derby (won by Tappan Street) at Gulfstream Park on March 29.

— Other graded stakes results: First in the Grade 2 Fountain of Youth Stakes at Gulfstream Park on March 1. First in the Grade 3 Street Sense Stakes at Churchill Downs on Oct. 27, 2024.

— Other Churchill Downs results: None.

— About the owner: See East Avenue.

19. Chunk of Gold (30-1)

— Owner: Terry L. Stephens.

— Trainer: Ethan West.

— Breeding: In Kentucky by Brereton C. Jones.

— Earnings to date: $348,818.

— Last time out: Second in the Grade 2 Louisiana Derby (won by Tiztastic) at Fair Grounds on March 22.

— Other graded stakes results: Second in the Grade 2 Risen Star Stakes at Fair Grounds on Feb. 15.

— Churchill Downs results: None.

— About the owner: Stephens, from Russell Springs, Ky., started Stephens Pipe & Steel in 1974. It is the largest American-owned fence distributor and manufacturer. Stephens was part of the ownership group that campaigned 2021 Kentucky Derby fourth-place finisher O Besos.

20. Owen Almighty (30-1)

— Owners: Flying Dutchmen Breeding and Racing LLC.

— Trainer: Brian Lynch.

— Breeding: In Kentucky by Mark Stanley.

— Earnings to date: $499,935.

— Last time out: Sixth in the Grade 1 Blue Grass Stakes (won by Burnham Square) at Keeneland on April 8.

— Other graded stakes results: First in the Grade 3 Tampa Bay Derby at Tampa Bay Downs on March 8. Second in the Grade 3 Iroquois Stakes (won by Jonathan’s Way) at Churchill Downs on Sept. 14, 2024.

— Other Churchill Downs results: First in a maiden special weight race on June 20, 2024.

— About the owners: Travis Boersma, the co-founder and executive chairman of Oregon-based Dutch Bros. Coffee, also owns the Flying Dutchmen racing operation (previously known as Boardshorts Stables). The Oregonian reported that Boersma is his state’s second-richest billionaire, according to Forbes, at $4 billion (behind only Nike’s Phil Knight). Dutch Bros Coffee opened its first Kentucky location in Lexington in 2023. The chain has also opened locations in Richmond and Bowling Green, with an additional one in Lexington, plus Georgetown, on the way.

21. Baeza (also-eligible)

— Owners: C R K Stable LLC and Grandview Equine.

— Trainer: John A. Shirreffs.

— Breeding: In Kentucky by Grandview Equine.

— Earnings to date: $148,500.

— Last time out: Second in the Grade 1 Santa Anita Derby (won by Journalism) at Santa Anita Park on April 5.

— Other graded stakes results: None.

— Churchill Downs results: None.

— About the owners: C R K Stable is owned by Lee and Susan Searing of Claremont, Calif. Lee Searing is president of Searing Industries, the steel-tubing business founded by his father more than 30 years ago. The company’s products are primarily used in construction and heavy equipment manufacturing. Honor A. P. finished fourth in the 2020 Kentucky Derby for C R K Stable. … Grandview Equine, co-owned by CEO Robert Clay, bred 2023 Kentucky Derby winner Mage along with Baeza, Mage’s half-brother. Clay, a Mount Sterling native, founded Three Chimneys Farm in 1972.