Derby hopeful Old Fashioned retired (AP)

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One-time Kentucky Derby favorite Old Fashioned has been retired from racing after knee surgery. The 3-year-old colt owned by Rick Porter's Fox Hill Farms injured the knee following a second-place finish in the Arkansas Derby at Oaklawn Park on Saturday. Surgery was performed Tuesday at Rood & Riddle Equine Hospital near Lexington, Ky.

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