Racehorse Valued At $163M (CAN)

According to a report by Yahoo!, a British racehorse and future stud which is being referred to as the 'Usain Bolt of Horse Racing' has been valued at £100 million, or $163 million in Canadian dollars.

Johnny McKeever, the head of McKeever Bloodstock, one of the Britain's largest bloodstock agencies has gone on the record as saying that the value put on Frankel, a three-year-old thoroughbred, is conservative.

"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," McKeever was quoted as saying.

Frankel has won his first eight races, has already banked £805,000, and is the favourite for the upcoming Queen Elizabeth II Stakes at Ascot.

(With files from Yahoo!)

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