California wine magnate Jess Jackson has filed suit in California Superior Court in San Diego against three former advisors, charging them with fraudulent misrepresentation, breach of fiduciary duty, and unjust enrichment in the purchase of horses both privately and at public sales.
Jess Jackson went to $900,000 for a son of Distorted Humor during the fourth session of the Keeneland September yearling sale Thursday.
An Unbridled's Song colt sold for $950,000 Wednesday early during the third session of the Keeneland September yearling sale. Stonestreet Stable, owned by Kendall-Jackson winery founder Jess Jackson was the buyer. Taylor Made Sales Agency consigned the colt as agent.
Ghostzapper, last year's Horse of the Year after winning the Breeders' Cup Classic – Powered by Dodge (gr. I) in track-record time, will begin his stallion career for a fee of $200,000 at Frank Stronach's Adena Springs Farm near Midway, Ky.
B. Wayne Hughes, Jess Jackson, and Marsha Naify are the newest members of the Thoroughbred Owners of California board of directors, the organization announced June 24.
Jess Jackson, who, along with his family, founded the famous Kendall-Jackson winery, said shortly after the May 30 Metropolitan Handicap that he has purchased one-third interest in 2004 Horse of the Year Ghostzapper, who romped by 6 1/4 lengths in the Met Mile in his 2005 debut.
- By Ray Paulick
By Ray Paulick - Jess Jackson, the California vintner who is making headlines for his increasing involvement as a Thoroughbred owner and breeder, undoubtedly was more than a mildly interested spectator when the Supreme Court returned to work in Washington, D.C., the week of Feb. 21. So are many others in the racing industry.
In an Associated Press article published last year, one of Jess Jackson's employees called the California wine tycoon a whirlwind. But based on what's been happening in Central Kentucky lately, that description was an understatement. Jackson, 75, is roaring through the Bluegrass with the strength of a Category 5 hurricane.
The much talked-about sale of Buckram Oak Farm to Kendall Jackson winery owner Jess Jackson closed Feb. 4, an adviser to Jackson confirmed Feb. 7.
With a deal to purchase a major Central Kentucky farm nearing completion, Kendall-Jackson winery founder Jess Jackson is getting involved in the breeding business in a very big way. According to California trainer Bruce Headley, the bulk of the purchases being made by Emmanuel de Seroux of Narvick International at the Keeneland November breeding stock sale are for Jackson.
Grade II winner Saarland will begin his stallion career in 2005 for a fee of $10,000 live foal at John Sikura's Hill 'n' Dale Farms near Lexington.
Saarland, a homebred grade II winner for Cynthia Phipps, has been retired from racing for stallion duty at John Sikura's Hill 'n' Dale Farm near Lexington.
Yankee Million got the Ocala Breeders' Sales Co.'s March select juvenile auction off to a record-setting start Tuesday, bringing $575,000 to become the most expensive 2-year-old filly ever sold by the Florida-based auction firm.
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