Ray’s Paddock

UNDERFUNDED IN KENTUCKY

By Ray Paulick The horse business is Kentucky’s signature industry, employing tens of thousands of people, generating over a billion dollars of revenue throughout the year, and putting the international spotlight on the Commonwealth each spring at the Kentucky Derby. Yet, in many ways, legislators and other government officials have been dealing with the industry […]

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MAGNA’S STOCK DIVES

By Ray Paulick Shares in Magna Entertainment (MECA), the debt-ridden racetrack operating company controlled by Frank Stronach, plunged by 56% in Tuesday’s trading on the NASDAQ exchange. Closing at $1.75 per share (down from $4.00) under extremely heavy trading (more than 30 times higher than the daily average), MECA was NASDAQ’s biggest percentage loser […]

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MINOR FILES CLASS-ACTION SUIT AGAINST SOTHEBY’S

By Ray PaulickHalsey Minor, the technology entrepreneur and Thoroughbred owner and breeder whose bid to purchase Hialeah Park was recently rebuffed by owner John Brunetti, has filed a class-action lawsuit against the auction company Sotheby’s for transparency and disclosure issues that may parallel those in the Thoroughbred auction business. Minor, 43, was sued by the […]

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KY. COMMISSION IMPOTENT OVER BLOOD DOPING

By Ray PaulickThe Kentucky Horse Racing Commission, stung by the recent disclosure by its former chief veterinarian that no testing for TCO2 loading (also known as milkshakes) was conducted at the Ellis Park Thoroughbred meeting this summer, is facing another embarrassment involving its impotence over positive tests for blood-doping agents in four horses at the […]

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MONDAY MORNING QUARTERBACK: BREEDERS BLEEDING RED INK

By Ray Paulick When Rob Whiteley managed the Foxfield commercial breeding operation for corporate raider Carl Icahn, he had to justify every dollar on the ledger sheets for the real-life Gordon Gekko. You couldn’t pull the wool over Icahn’s eyes on fiscal matters. Today, free from Icahn, Whiteley runs his own operation, Liberation Farm, […]

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MEETINGS WITH BRUNETTI ABOUT HIALEAH CALLED ‘PRODUCTIVE’

By Ray Paulick Meetings between Hialeah Park owner John Brunetti and a team of advisers representing track suitor Halsey Minor were held last Thursday in South Florida and described as “productive” by individuals involved. Minor, a Virginia-based owner and breeder and  the Internet entrepreneur who founded and later sold the technology Web […]

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KEENELAND: CAN THE ELEPHANT LEARN TO DANCE?

By Ray Paulick Two years ago, leading buyer John Ferguson bought 25 yearlings during the two select sessions of the Keeneland September yearling sale for $56,885,000, an average price of $2,275,400. This year, Sheikh Mohammed’s chief bloodstock adviser signed tickets for 19 yearlings, but only spent $15,655,000, an average price of $823,947. Sheikh Mohammed’s commitment […]

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NTRA REFORMS: WHO WILL FOOT THE BILL?

By Ray Paulick The change bandwagon is getting pretty crowded, both in presidential politics and in horseracing. Following on the heels of suggestions for reform at the Jockey Club Round Table in August and demands for reform by the Breeders’ Cup and American Graded Stakes Committee, the National Thoroughbred Racing Association is getting into the […]

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BRATWURST MISHAP SIDELINES PAULICK REPORT EDITOR

Ray Paulick, editor and publisher of the Paulick Report, has been sent to the disabled list for a few days after suffering a deep gash at the base of the “bird” finger on his right hand in a freak accident early Friday afternoon. The incident occurred at his home in Lexington, Ky., when Paulick stumbled […]

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MONDAY MORNING QUARTERBACK: CHURCHILL VS. HORSEMEN

Ray Paulick What in the world is going on inside the Churchill Downs Inc. executive offices? It’s slashed purses at Calder Race Course in South Florida by 17% and whacked almost $1 million from the fall stakes program at its home track in Louisville, Ky. Key management changes have been made at Calder and Fair […]

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