American sprinter Bound For Nowhere will set for the Breeders' Cup after failing to secure a spot in the $13 million Everest in Sydney.

Trainer Wesley Ward had hoped Bound For Nowhere, third in the Group One Diamond Jubilee at Royal Ascot, would get a place in the sprint at Randwick on October 13.

"No deal," Ward told Thoroughbred Daily News.

"We had him in quarantine trying to secure a spot. It was all working out great. When I came back [from Royal Ascot], we put him in Ashford in a beautiful spot and we had a couple of weeks to try to find something.

"But (the slot-holders) didn't see the little bit of a break as a positive, they seemed to have viewed it as a negative.

"James Ross from the Australian Turf Club, one of two remaining slot-holders, worked hard to try to sell it, but we're staying home. It didn't materialise and I firmly believe that everything happens for a reason."

Ward said Bound For Nowhere would now be set for a return at Kentucky Downs in September with either the Breeders' Cup Mile or Turf Sprint his goal.