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“We received a call from trainer Bill Mott that Sovereignty will not be competing in the Preakness,” Mike Rogers, a Stronach Group executive vice president, said in a media release.

“He made up a lot of ground in a hurry,” Mott said.

A new analysis from UCLA’s Lewis Center for Regional Policy Studies authored by Michael Manville and Mott Smith claims that the so-called “mansion tax” has slowed down sales, especially for commercial properties.

At Gulfstream Park in Florida, Sovereignty, trained by Bill Mott, punched his ticket to the Derby with a neck win in the Grade 2 $400,000 Fountain of Youth Stakes.

Matthew Mott was dispensable enough to take the fall for the previous failures but Brendon McCullum, given the keys to all England sides to mould as he pleases until 2027, is not.