Patriots tight end Rob Gronkowski will buy a minority stake in a Kentucky Derby horse named after him, according to the Wall Street Journal.
The deal between Gronkowski and the Phoenix Thoroughbreds, a horse racing investment fund, is expected to be announced Thursday, reports the Journal. The terms of the deal have not been released.
The three-year-old colt was purchased last year in England by Phoenix. The investment group decided on the colt's name because he is "big and strong" just like his namesake, according to the Journal.