Photo: Rob Carr/Getty Images
Kentucky Derby winner Rich Strike will not be competing in the Preakness Stakes race, its owner Rick Dawson announced Thursday.
Why it matters: The withdrawal means there will not be a winner of the Triple Crown this year.
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Details: Rich Strike will be withdrawn in order to get ready for the Belmont Stakes in June.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.
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