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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.
Thursday, December 17, 2009Magna 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, 2009
Magna Entertainment Corp. said Feb. 18 it might not be able to meet pressing financial obligations unless alternative measures are found, a revelation disclosed following the sudden halt of a controversial reorganization proposal for the company and its controlling shareholder, MI Developments.
Thursday, February 19, 2009The Kentucky Thoroughbred Association will offer a seminar July 25 to assist breeders in filling out loan applications for funding tied to mare reproductive loss syndrome. The money is available through a federal law enacted in 2001.
Monday, July 15, 2002Federal and state officials are drafting regulations for federal loans that will be available for eligible farmers impacted by mare reproductive loss syndrome.
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