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Phipps, Janney families bask in first Derby win

Updated: May 4, 2013, 9:46 PM ET
Associated Press

LOUISVILLE, Ky. -- After generations of near misses, one of racing's most storied families finally won the Kentucky Derby.

First cousins Ogden Mills "Dinny" Phipps and Stuart Janney III are latest in the line of racing royalty that finished second in the race twice, sold a future Kentucky Derby winner and lost the chance to own the greatest Thoroughbred ever, Secretariat, thanks to a coin flip.

Those missed chances are forgotten Saturday when Orb won the 139th Derby. The two men own ...

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