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MEC Creditors Criticize Stronach's Role

Joining in the parade of objectors to Magna Entertainment Corp.'s proposed debtor financing and sale of assets is the unsecured creditors committee, which primarily singled out company chairman Frank Stronach for his role in MEC's bankruptcy reorganization process.

Banks Object to MEC Auction Process

Three banks holding liens on racetracks such as Pimlico Race Course, Santa Anita Park, and Golden Gate Fields have filed objections over Magna Entertainment Corp.'s proposed bidding process to sell those racetracks and certain other assets.

MID: Golden Gate Closing Not Imminent

MID: Golden Gate Closing Not Imminent

Golden Gates Fields is not in any immediate danger of being closed and could possibly remain a racing operation indefinitely, a leading official with MI Developments said March 12.

One Lot Hits Six Figures at Keeneland

One Lot Hits Six Figures at Keeneland

A young mare by Gold Legend, in foal to Bernstein, was the only lot to bring six figures Nov. 13, another session of the Keeneland November breeding stock sale that saw a significant decline in business.

Auction Benefits Breeders' Cup Charities

A Duesenberg guitar autographed by Tom Petty and the Heartbreakers is one of the premier items to be auctioned to benefit Breeders' Cup Charities during the 2008 Breeders' Cup World Championships.

Two Days of Declines at Keeneland Sale

Two Days of Declines at Keeneland Sale

Keeneland director of sales Geoffrey Russell is taking two straight days of declines in the 2008 September yearling sale in stride by saying it is just a factor of the economic world we are living in today. "This establishes what the market is," Russell said at the close of the Sept. 9 session. "Everybody is here and they have now set the table. This is what the world is today, and they have established the value of these horses."

Four-Year-Old Tops Barretts Sale

Four-Year-Old Tops Barretts Sale

Phoenix owner Todd Finch bought the sale topper at the Barretts summer sale June 24 as his first venture into Southern California racing. Trainer Anthony Saavedra successfully bid $40,000 on behalf of Finch's Val-U-Chem for Leesider, a 4-year-old son of champion Bertrando.

Pair Work :10 2/5 For Barretts Sale

A pair of juvenile fillies worked a furlong in :10 2/5 and three other fillies went a fifth slower during the preview show June 24 for the following day's Barrett's sale of 2-year-olds in training and horses of racing age.

Florida Sets Limit on Auction Rules

Florida Sets Limit on Auction Rules

The Florida Department of Agriculture and Consumer Services claims it doesn't have the power to regulate certain aspects of horse sales in the state, but is prepared to publish proposed rules it says are intended to prevent unfair or deceptive trade practices.

Mack Backs TOC Call for Reform

Mack Backs TOC Call for Reform

Earle I. Mack, who led the push for pending auction reform legislation in Florida, has come out in support of a strong policy statement recently released by the Thoroughbred Owners of California regarding horse sales.

Keeneland Sale Analysis: Strength at the Top

In contrast to this year's yearling auctions, the record-setting first day of the Keeneland November Breeding Stock Sale on Nov. 5 was fueled by strength at the top, with moderate weakness in the middle.

Video: Keeneland Nov - Day 1 Wrap

Video:  Keeneland Nov - Day 1 Wrap

BloodHorseNOW.com reporter Ron Mitchell interviews John Sikura of Hill 'n' Dale about the world record price set today and recaps the first day of the sale from Keeneland.

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