— D. Wayne Lukas missed out on becoming the oldest trainer to win at 77. He saddled two horses: Oxbow was sixth with 50-year-old Gary Stevens making a Derby comeback after seven years in retirement, and Will Take Charge was eighth.
Orb was the second Derby starter for both Janney and Phipps, whose previous entries were in 1988 and ‘89. Their family wealth allows them to race the horses they breed, unlike the majority of current owners who are involved through partnerships that split up the exorbitant costs of the sport.
‘‘Take your time,’’ Phipps said, referring to the group’s way of doing things. ‘‘Let the horse bring you to the race.’’
The cousins’ grandfather, Henry Phipps, founded wealth management firm Bessemer Trust in 1907. Janney serves as chairman, while Dinny Phipps is its director. He also chairs The Jockey Club, which regulates the registration of thoroughbreds, while Janney is vice chairman.