The former chairman of the now-defunct New York State Thoroughbred Capital Investment Fund tapped into the agency's budget to foot expenses for a bed and breakfast and Mexican restaurant he owned, while CIF funds were used to pay for such personal items as overnight mailings to watch repair stores, gasoline and entertainment, New York State Comptroller Alan Hevesi said in an audit released Dec. 5.
The Fasig-Tipton Midlantic December mixed sale ended its two-day run Monday in Maryland with declines in gross revenue, average price, and median price. The buy-back rate was up sharply, increasing from 21.1% last year to 31.8% this year.
Racing partnership company West Point Thoroughbreds, announced Monday it has finalized a marketing agreement making it the "Official Racing Partnership" of the Aladdin Resort & Casino in Las Vegas.
Business was down during the Washington Thoroughbred Breeders Association's winter mixed sale Sunday at Emerald Downs.
The Fasig-Tipton Midlantic December mixed sale opened Sunday in Maryland with a gross that exceeded last year's first session total, but the average and median prices both suffered setbacks.
Grade I winner The Deputy has been purchased privately and will be relocated to Hubel Farms near Clare, Mich.
Adam Sangster has acquired the interests of the Hayes family in Collingrove Stud at Nagambie in Victoria, Australia.
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