Sovereignty was the 8-5 favorite leading up to the confirmed field for the Preakness and was obviously expected to be a strong contender. According to The Courier-Journal, Bill Mott, Sovereignty's trainer,

Kentucky Derby winner Sovereignty will not run in the Preakness Stakes, officials announced Tuesday, ending any chance at a Triple Crown for a seventh consecutive year. "We received a call today from trainer Bill Mott that Sovereignty will not be competing in the Preakness,

This is the fourth time since Justify won all three races in 2018 that the Preakness will go on without a true shot at a Triple Crown.