Magna Entertainment Corp. has been informed by PNC Bank that it is in default on a loan agreement involving four Maryland entities the company owns.
Friday, February 27, 2009An Irish bloodstock agent and his British client continue racking up defaults at major sale companies around the globe. British businessman Bobby Killoran has defaulted on six yearlings bought for $1.12 million through Agence Francaise in August. Killoran has failed to pay for more than $4.6 million worth of horses bought at Keeneland, Fasig-Tipton, and Tattersalls since July. All the horses were bought by agent and former jockey Paul Collins.
Wednesday, November 28, 2001British contractor Robert Killoran has defaulted on 10 summer yearlings purchases worth more than $3.3 million. The Keeneland Association filed a lawsuit against Killoran Tuesday, and the Fasig-Tipton sales company intends to sue.
Friday, October 12, 2001
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