Valid Expectations, a Florida-bred son of Valid Appeal who was leading freshman sire in North America by money won and winners and went on to become the all-time leading sire in Texas, has died at the age of 22, according to a report in AmericanRacehorse.com.

Bred by the late Harry T. Mangurian Jr., Valid Expectations (produced from the Iron Constitution mare Mepache) was campaigned by Ackerley Brothers Farm, which purchased Valid Expectations for $225,000 at the OBS February Sale of 2-year-olds in training. He was trained by Steve Asmussen.

Winner of 12-of-27 races, including two Grade 3 events, the Derby Trial Stakes and Sport Page Handicap, Valid Expectations stood his first two years in Florida, then moved to William S. Farish�s Huisache Farm (later Lane�s End Texas). He was owned by a partnership consisting of Lane�s End, Leland and Robert Ackerley, Joe Archer, Greg Goodman, and Robert and Janice McNair.

After leading the Texas sire list nearly every year throughout his career, Valid Expectations was pensioned in 2013. His progeny earned in excess of $33.1 million and included Group 1 Golden Shaheen winner Saratoga County and Ivan Fallunovalot, a possible starter in this year�s G1 Breeders� Cup Sprint