In perhaps the most extensive piece written about the Zayat bankruptcy, especially in a non-industry publication, writer Hugh Morley gets up close and personal with the controversial owner. Among other things, Zayat insists that he wants to pay the Fifth Third bank but not on the backs of depressed value for his assets (horses).
“God forbid. I want to pay them. But I want to pay them when I am supposed to pay them. I am a victim of very bad people. I am a victim of a very bad environment.”
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