"We're just going to take the next handful of days that we have the luxury of being able to do before entries on Monday and really assess what's in the best interest of the horse.”

Just a few days after winning the Kentucky Derby, Sovereignty was ruled out of running in the Preakness Stakes.

Kentucky Derby winner Sovereignty will not compete in the 150th Preakness Stakes on May 17. Because of this decision, there will be no Triple Crown winner this year, but Sovereignty will prepare to run the Belmont Stakes in June.