Articles posted May 9, 2007

Headlines and features from the Thoroughbred industry

Magna Packaging Properties to Drive Down Debt

Officials with Magna Entertainment spent a good deal of time May 9 highlighting the company's continued attack on staggering debt, and how it will correct an admittedly disappointing start for the slots operations at Gulfstream Park.

TVG Expands Programming Delivery to Dubai, Saudi Arabia

TVG May 9 announced that it reached an agreement with Dubai Sports Channel to significantly increase international exposure for American Thoroughbred horseracing by making the programming available to more than eight million homes across the Arabian Peninsula.

ReRun Announces eBay Sale of Moneighs

ReRun's selection of Moneighs by classic contenders and champions will appear on eBay beginning May 20. The popular paintings created by famous racehorses including John Henry, Victory Gallop, and Kentucky Derby (gr. I) winners Giacomo and Gato del Sol are sold to benefit ReRun's retired Thoroughbreds in need of second careers.

Silks Autographed by Jockeys to be Auctioned for Charity

Silks embellished with Maker's Mark's signature red sealing wax design and autographed by this year's Kentucky Derby-winning jockey Calvin Borel and several other riders will be auctioned off to raise funds for the Mint Jubilee Charities.

Settlement Terms Reached in McIngvale Lawsuit

A settlement has been reached in Jim McIngvale's lawsuit against multiple parties, according to a document filed in a Texas federal court May 3, paving the way for an end to the high-profile legal dispute involving alleged sales commission fraud.

Guidry Scores Career Win 5,000

Jockey Mark Guidry, winner of last year's Kentucky Oaks (gr. I) aboard Lemons Forever, earned the 5,000th victory of his career when he piloted the D.Wayne Lukas-trained Chippewa Trail to win the first race on Churchill's 133rd Kentucky Oaks (gr. I) undercard May 4.

Secretariat Film In the Works

A movie about the life and times of Secretariat, with the backing of Walt Disney Studios, is in the works. Filming for the major motion picture could begin as soon as the end of the year according to principles tied to the project.

TrackNet Takes Another Shot from Youbet

Youbet.com directed more criticism at the controversial content alliance of Churchill Downs and Magna Entertainment May 8, with one executive telling analysts during an earnings conference that the partners in TrackNet Media Group "ended up shooting not only themselves, but an entire industry."

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