Unbeaten classic hero Bow Echo will stand in 2027 at Dalham Hall in Newmarket, while his sire Night of Thunder's fee will make him the most expensive stallion in European history.

The board of the Gerry Dilger Scholarship Foundation announced Nov. 10, the two newest recipients of scholarships awarded to young American horse people to the Irish National Stud in Kildare—Emmy Schmidt and Marcum McLean.

Spendthrift Farm announced Nov. 10 that reigning champion 2-year-old male Ted Noffey will retire to stud for the 2027 breeding season. The farm also confirmed that Further Ado will remain in training after his win in the Breeders' Cup Dirt Mile (G1).

Dollars & Sense with Frank Angst looks at Visa's return as a sponsor of the Kentucky Derby (G1) and Churchill Downs.

Tin Cup Chalice Stakes

Shesastonecoldfox Stakes

During the second day of Book 4, a total of 257 horses were sold for $8,658,000, including post-ring sales, for an average of $33,689 and a median of $25,000. 

Two-time grade 1 winner Englishman has been retired to Lane's End. He will stand for $50,000 in 2027 at the farm near Versailles, Ky.

Juddmonte's new group 1 star Field of Gold will begin his stallion career next year at a fee of £20,000, while the leading European operation has opted to keep its flagship sire Frankel at £350,000.

Triple group 1 winner Hotazhell will begin his stallion career at Haras d'Etreham at a fee of €15,000 next year, heading the French stud's seven-strong roster for 2027.