Kentucky Derby winner Rich Strike to skip Preakness Stakes

Background: The Triple Crown refers to the three major horse races, the Kentucky Derby, the Preakness Stakes and the Belmont Stakes.

Details: Rich Strike will be withdrawn in order to get ready for the Belmont Stakes in June.

What they're saying: "We thank the wonderful Preakness & Pimlico folks that have reached out to us and very much appreciate the invite," Dawson said in the statement.

Go Deeper: Long shot Rich Strike wins Kentucky Derby