Ahmed Zayat

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Fifth Third Seeks Zayat's Personal Records

Fifth Third Seeks Zayat's Personal Records

In the latest round in the legal battle between Fifth Third Bank and Zayat Stables, the bank is seeking to subpoena the personal banking records of Ahmed Zayat to determine if he has used corporate assets for personal use.

Eskendereya Out of Derby

Eskendereya Out of Derby

Eskendereya, favored for the Kentucky Derby Presented by Yum! Brands (gr. I), will not run in the May 1 classic due to a slight filling in his left front leg, according to Todd Pletcher.

Eskendereya to Be Sold Under Zayat Plan

Eskendereya to Be Sold Under Zayat Plan

Zayat Stables has agreed to sell all of grade I winner and probable Kentucky Derby favorite Eskendereya this year under a bankruptcy reorganization plan that projects all creditors will be paid in full.

Zayat Refutes Claims by Fifth Third

Zayat Refutes Claims by Fifth Third

Attorneys for Ahmed Zayat's Zayat Stables are refuting claims by Fifth Third Bank that the prominent stable violated terms of a cash collateral agreement by withdrawing four horses from a Keeneland sale.

Zayat Seeks Dismissal of Fifth Third Case

Attorneys for Ahmed Zayat have filed a motion requesting that allegations of default against Zayat Stables filed by Fifth Third Bank be dismissed and that the bank pay compensatory and punitive damages, plus other costs.

California Clears Zayat on Jelinsky Loans

California Clears Zayat on Jelinsky Loans

The California Horse Racing Board has looked into ties between Ahmed Zayat and two convicted bookmakers and determined there is nothing to indicate the prominent horse owner has violated terms of his license in the state.

Zayat, Bank In Agreement on Use of Cash

Zayat, Bank In Agreement on Use of Cash

Prominent horse owner Ahmed Zayat and Fifth Third Bank have reached an agreement allowing Zayat Stables to use cash on hand for racing operations in accordance with a budget submitted to a bankruptcy court in New Jersey.

Zayat Made Loans to Jelinsky Brothers

Zayat Made Loans to Jelinsky Brothers

Documents filed in connection with his Chapter 11 bankruptcy petition show that prominent horse owner Ahmed Zayat made loans to two brothers who have been convicted in connection with illegal bookmaking.

Bank Opposes Zayat's Use of Cash Collateral

Bank Opposes Zayat's Use of Cash Collateral

Fifth Third Bank has filed a motion asking a bankruptcy court not to permit Zayat Stables to use the bank's cash collateral for operating expenses until such time it can provide additional collateral or use other funds.

Zayat to Keep Control of Stable

Zayat to Keep Control of Stable

Thoroughbred owner Ahmed Zayat will keep control of his stable for the time being as Fifth Third Bank has decided not to seek a trustee to run Zayat Stables.

Owner Zayat Surprised by Bank's Lawsuit

Owner Zayat Surprised by Bank's Lawsuit

Ahmed Zayat, who operates one of North America's leading racing stables and is a major buyer at equine auctions, said he is surprised that a major bank has filed suit seeking repayment of more than $34 million in loans.

Pioneerof The Nile to Vinery

Pioneerof The Nile to Vinery

Santa Anita Derby victor Pioneerof the Nile, second to Mine That Bird in this year's Kentucky Derby Presented by Yum! Brands, will begin his stallion career at Dr. Tom Simon's Vinery in Kentucky.

Injury Ends career of Pioneerof the Nile

Injury Ends career of Pioneerof the Nile

Zayat Stables' Pioneerof the Nile, winner of four consecutive graded stakes and second in the Kentucky Derby Presented by Yum! Brands (gr. I), has been retired due to a soft tissue injury to his left front leg.

Plop Go the Birds: Alibi or Omen?

The week leading up to the May 2 Kentucky Derby Presented by Yum! Brands (gr. I), Ahmed Zayat, owner of Pioneerof the Nile, was hit in the head by bird droppings. The owner saw it as a positive and believed his colt had a good chance in the Derby; little did he know what was to come.

Haskin's Preakness Report: Haywire

Haskin's Preakness Report: Haywire

There is no denying that Ahmed Zayat started a firestorm of controversy when he went on HRTV and TVG to announce and then take back his intentions of trying to keep Rachel Alexandra out of the Preakness Stakes (gr. I). The predicted fallout occurred, but it is now time to cut him some slack.

Zayat Reconsiders; Won't Keep Rachel Out

Zayat Reconsiders; Won't Keep Rachel Out

After being besieged with unfavorable comments regarding his earlier decision to enter enough horses to prevent Rachel Alexandra from running in the Preakness Stakes (gr. I), Ahmed Zayat, owner of Pioneerof the Nile, said on TVG that he has decided to reconsider and will not enter any other horses.

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