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.
A recent survey of Thoroughbred horse owners, breeders, managers, trainers, and bloodstock agents shows overwhelming agreement that bloodstock agents should be required to disclose the commission rates they receive to both the buyer and seller.
Texan Jim McIngvale went to $275,000 to acquire a Forestry colt to top Monday's first session of the Fasig-Tipton Midlantic Eastern fall yearling sale in Timonium, Maryland.
The Bob Baffert-trained Multiplication, who won the Mike Lee Stakes for owner Jim McIngvale at Belmont Park June 26, died of an apparent heart attack after a workout Saturday at Belmont.
Bob Baffert said Monday evening that James McIngvale's During is a possibility for Saturday's Preakness Stakes, although the Sir Barton Stakes on the Preakness undercard is also being considered.
Self-professed huckster and Thoroughbred owner Jim "Mattress Mac" McIngvale is hoping to stamp the name of Gallery Furniture store on Houstonês two-year-old major league baseball field.
The Fasig-Tipton Texas 2-year-olds in training sale at Lone Star Park concluded Tuesday, with the sales company reporting a total of 193 horses sold for $4,494,900. The sale's average price of $23,290 represented a 3.8% gain over the $22,431 average the previous year when 262 horses grossed $5,876,800. After an opening-session buy-back rate of 50.6%, the percentage of horses not sold stabilized Tuesday. For the sale overall, FT reported a buy-back rate of 44.2%.
A high buy-back rate and only one break-out horse were the key points Monday during the first session of the two-day Fasig-Tipton Texas 2-year-olds in training sale at Lone Star Park.
Jim McIngvale's plan to have only women jockeys in the Texan Juvenile Stakes at Sam Houston Race Park didn't fly, and neither will the $550,000 purse that had been proposed for the event.
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