Kentucky Derby’s 80-1 winner Rich Strike will not compete for Triple Crown

• Colt's owner says horse will not race in Preakness Stakes
• Rich Strike stunned field in Kentucky last week

Kentucky Derby winner Rich Strike will not run in the Preakness Stakes. Owner Rich Dawson made the stunning announcement on Thursday, 10 days before the race. It means there will not be a Triple Crown winner for a fourth consecutive year.

Dawson said he and trainer Eric Reed agreed to stick with the initial plan for Rich Strike and rest him for five weeks. Rich Strike, at 80-1, was the biggest long shot to win the Derby in more than a century.