Triple Crown hopeful I'll Have Another is officially out of the 2012 Belmont Stakes, according to his trainer. Doug O'Neill announced "I'll Have Another is officially out of the Belmont" on the Dan Patrick Show on Friday morning. The New York Racing Association has scheduled a press conference for 12 p.m. CT. Here is the confirmation via the Dan Patrick Show Twitter account:

Doug O'Neill: "I'll Have Another is officially out of the Belmont."

— Dan Patrick Show (@dpshow) June 8, 2012

Dullahan is set to benefit from the most for this development, but NBC executives and horse racing fans everywhere are likely devastated by the news that Triple Crown hopes have been dashed before the race ever starts.

For more, check out SB Nation's horse racing blog And Down The Stretch They Come. There, you'll also find a A Beginner's Guide To Following Horse Racing and a glossary ofhorse racing terms.