Stocks And Studs: When Thoroughbreds And Investment Funds Mix

When revelations broke in late November that Phoenix Thoroughbreds, the big-spending new ownership group of mysterious origins, had been named in a money laundering case in New York, the racing world was abuzz. According to sales records, Phoenix has spent tens of millions of dollars in bloodstock over the past three years. Its website states […]

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Pegasus Turf: Iavarone Back In The Game With ‘Really Eager’ Next Shares

After watching a Santa Anita turf stakes on New Year’s Day, 2018, Michael Iavarone got the itch again. And he’s soothed it in a big way with the purchase of Next Shares, who will start in the inaugural running of the $7 million Pegasus World Cup Turf Invitational (G1) Saturday at Gulfstream Park. One of […]

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Tagliaferri Sentenced To Six Years In Prison For Fraud Related to IEAH

James Tagliaferri was handed a six-year prison sentence on Friday for securities, wire, and investment adviser fraud relating to a scheme authorities said took $120 million of investor capital and provided Tagliaferri $3.35 million in kickbacks. Tagliaferri funneled the client money into private or troubled companies and ultimately usedĀ investor cash to pay some of the […]

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The Breeders’ Cup Forum – Iavarone: ‘We’re Out of Luck’

The Ruffian Equine Medical Center, located across the street from Belmont Park in Elmont, N.Y., has been empty since suddenly shutting down operations on March 1, 2011. Built by International Equine Acquisitions Holdings and opened in May 2009, the REMC was run by Dr. James Hunt and its surgeon was Dr. Patricia Hogan. Michael Iavarone, […]

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IEAH sells its remaining interest in Big Brown

International Equine Acquisitions Holdings, majority owner of 2008 champion 3-year-old male Big Brown during his racing career, has sold its remaining 11 shares in the stallion to other shareholders and partners in Three Chimneys Farm, where the son of Boundary entered stud in 2009. Jamie LaMonica, whose The Stallion Company brokered the deal between IEAH […]

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American Basketball Association wants to buy IEAH Sales Corp.

The American Basketball Association, Inc. (ABA) ( today announced that it has entered into a Letter of Intent to acquire IEAH Sales Corp., a subsidiary of IEAH Stables, Inc. which has been created to segregate its pinhooking division. IEAH Stables (IEAH) is engaged in all facets of thoroughbred racing with a proven track record of […]

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IEAH catches up on debts, needs lessee for equine hospital

A sheriff’s sale of five unraced 2-year-old Thoroughbreds owned wholly or in partnership by International Equine Acquisitions Holdings, scheduled for Sept. 23 at Eddie Woods Stables in Ocala, Fla., is in the process of being called off after IEAH president Michael Iavarone said $81,000 in accumulated financial obligations for boarding, training, feed and maintenance of […]

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IEAH struggles highlighted by difficult economy, equine hospital problems

Having made a big splash on the racing scene in 2008 during Big Brown’s Triple Crown campaign, IEAH has found more downs than ups since. According to an article by Greg Hall in the Courier-Journal, they remain in racing, but the public offering and hedge fund never came to fruition and the equine hospital they […]

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I Want Revenge headed to Dubai Godolphin Mile

Having originally been pointed towards the Dubai World Cup, connections for I Want Revenge have instead pointed the once Derby favorite I Want Revenge towards the Dubai Godolphin Mile. “I’m really disappointed I Want Revenge did not get invited to the World Cup,” Dutrow said on Wednesday according to the Daily Racing Form. “I don’t […]

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