ahmed zayat

‘Art Rather Than Science’: The Value Of Thoroughbred Valuations

In the time between when Zayat Stables defaulted on a $23-million loan from MGG Investment Group last September and when the lender filed a lawsuit against the operation last month, owner Ahmed Zayat laid out a roadmap to settle the debt by liquidating his equine holdings. The dispersal plan, delivered to MGG in mid-December and […]

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The Friday Show Presented By The Maryland Jockey Club: A Legal Mess, Derby Standouts?

An investment group has filed a lawsuit against Triple Crown-winning Zayat Stables and other defendants who purchased horses and breeding rights that were supposed to be collateral on a loan to Zayat. In this edition of The Friday Show, Scott Jagow and Ray Paulick explain the legal matter and its takeaways plus a rare look […]

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Zayat Lawsuit Documents Detail Sale Of American Pharoah To Coolmore

Had American Pharoah never done anything else with his life after owner Ahmed Zayat sold the Grade 1-winning colt’s stallion rights on Jan. 15, 2015, the deal to Coolmore would have been for $8 million – a far cry from the $23.5 million he’d ultimately receive for the future Triple Crown winner. A lawsuit filed […]

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Amended Complaint In Zayat Case Names Industry Heavyweights Who Bought Horses, Breeding Rights

Attorneys for MGG Investment Group, which is suing Zayat Stables for allegedly defaulting on a $23 million loan, filed paperwork Feb. 11 naming a slew of additional defendants, many of whom purchased horses or breeding rights privately from Zayat Stables. Yeomanstown Stud was named for its purchase of El Kabeir; Hill ‘n’ Dale for its […]

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View From The Eighth Pole: The Irrational Exuberance Of Ahmed Zayat

For many, a horse racing stable is a business. As most Thoroughbred owners know, however, it’s not a business that anyone should count on being profitable. A quick look at the math: In 2018, according to The Jockey Club Fact Book, 46,144 starters competed for about $1.1 billion in purses. The average earnings per starter […]

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Report: Zayat Sued For $23 Million, Sold Lifetime Breeding Rights In American Pharoah

Triple Crown-winning owner Ahmed Zayat may be close to bankruptcy, according to a report this week from the Lexington Herald-Leader. Zayat and his Zayat Stables were hit with a $23 million lawsuit earlier this week from New York-based MGG Investments in Fayette County Circuit Court in Lexington, Ky. According to the Herald-Leader, MGG Investments claims […]

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‘I Can’t Carry You Any More’; Rodriguez Looks To Sell Zayat Horses Over Unpaid Bills

Zayat Stables, which won an Eclipse Award as outstanding owner in 2015 after American Pharoah became the first horse in history to win the Triple Crown and Breeders’ Cup Classic, allegedly owes New York-based trainer Rudy Rodriguez more than $600,000 in unpaid training bills, supplies and services. Rodriguez filed an agister’s lien on two Zayat […]

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‘Great And Talented’ Ocala Horseman J.B. McKathan Dies

Longtime Ocala horseman J.B. McKathan has died at the age of 53, reports ocala.com. McKathan and brother Kevin were responsible for breaking and starting 2015 Triple Crown champion American Pharoah, as well as Kentucky Derby winners Silver Charm and Real Quiet since the beginning of the McKathan Brothers Training Center in 1988. “We are shocked devastated to […]

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Meet The Press: Unbeaten Justify ‘Fantastic’ Morning After Triple Crown Sweep

The morning after his breathtaking victory in the 150th running of the Grade 1, $1.5 million Belmont Stakes, presented by NYRA Bets, anointed him racing’s 13th Triple Crown winner, a bright-eyed and bouncing Justify was showing no signs of the dizzying campaign that comprised six victories in just under 16 weeks. “We were watching the […]

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