zayat stables

Receiver In Zayat Case Alleges ‘Possibly Fraudulent’ Billing By Trainers, Care Providers

In her third report to a Fayette County Circuit Court this week, the receiver appointed to control the assets of Zayat Stables noted “unorthodox, possibly fraudulent” billing practices from unnamed trainers and other caretakers to the stable. Elizabeth Woodward, who was appointed by the court to manage Zayat Stables after it was sued by New […]

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Littleprincessemma, Dam Of American Pharoah, Has Tapit Filly

Littleprincessemma, the 2015 Broodmare of the Year and dam of Triple Crown winner American Pharoah, produced a filly by leading sire Tapit late Sunday night at Summer Wind Farm in Georgetown, Ky., per the farm’s social media channels. The filly is the result of the fourth mating between Tapit and Littleprincessemma over the past five […]

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Hill ‘n’ Dale Files Motion To Dismiss In Zayat Case; Other Defendants Let Out Of Suit

Hill ‘n’ Dale has filed a motion in Fayette County Circuit Court, requesting a judge dismiss claims against the farm in connection with a lawsuit between Zayat Stables and MGG Investment Group. MGG is suing Zayat Stables in an attempt to recover $23 million which the New York investment firm says is the unpaid portion […]

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‘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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MGG Drops Clark From Zayat Lawsuit, Receiver Asks For Court’s Help Sorting Out Creditors

Thomas Clark Bloodstock will likely be dropped from a civil lawsuit between New York-based MGG Investments and Zayat Stables, days after being added as a co-defendant by MGG in the suit against the operation founded by Eclipse Award-winning owner and breeder Ahmed Zayat alleging breach of contract and fraud after the stable defaulted on a […]

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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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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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First Phase Of Zayat Liquidation, High-Priced Remedy Highlight Fasig-Tipton Kentucky Winter Mixed Sale

Following a relatively tame opening session of the Fasig-Tipton Kentucky Winter Mixed Sale on Monday, the market woke up during the auction’s second half, propelled by a solid group of offerings in the supplemental catalog to produce returns that were down slightly from last year’s sale in the averages but ahead by gross. At the […]

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Court Documents Reveal Long Line Of Zayat Stable Creditors, Shortage Of Ready Cash

A receiver appointed to take charge of the assets of Zayat Stables will remain in place, despite a motion by the stable’s founder, Ahmed Zayat, to have her removed. That was the conclusion from Fayette County Circuit Court Judge Kimberly Bunnell Thursday afternoon after hearing arguments from attorneys representing Zayat and creditor MGG Investments over […]

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