However, he came back to win the Preakness Stakes and also captured the $1 million Jersey Derby.
But now the Jersey Derby has lost much of its financing and thus all of its appeal.
The Jersey Derby was originally scheduled to be run on the grass but has been moved to the main track because of the weather.
Since 1960 it has been known as the Jersey Derby.
The Peter Pan has suffered in recent years by going up against the richer Jersey Derby the next day.
His only out-of-the-money finish was as a result of a disqualification in the Jersey Derby, in which he finished first.
May 27 Finished second by a neck to Spend a Buck in Jersey Derby.
"The Jersey Derby was a major impact on the racing scene," Quigley contended today.
So in 1986, the Jersey Derby was still worth a million (Snow Chief won the race), without the bonus, and then the value began dropping.
Snow Chief later won the Jersey Derby and was voted the top 3-year-old colt of 1986.