Zayat Stables

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Fifth Third Seeks Zayat's Personal Records

Fifth Third Seeks Zayat's Personal Records

In the latest round in the legal battle between Fifth Third Bank and Zayat Stables, the bank is seeking to subpoena the personal banking records of Ahmed Zayat to determine if he has used corporate assets for personal use.

Horse Profile: Eskendereya

Horse Profile: Eskendereya

Zayat Stables' Eskendereya was the runaway winner of the Wood Memorial (gr. I) and Fountain of Youth Stakes (gr. II) and overwhelming early favorite for the Kentucky Derby Presented by Yum! Brands (gr. I). View Profile

Eskendereya to Be Sold Under Zayat Plan

Eskendereya to Be Sold Under Zayat Plan

Zayat Stables has agreed to sell all of grade I winner and probable Kentucky Derby favorite Eskendereya this year under a bankruptcy reorganization plan that projects all creditors will be paid in full.

Judge Favors Zayat in Latest Legal Round

Judge Favors Zayat in Latest Legal Round

A federal bankruptcy judge in New Jersey has refused to certify a motion filed on behalf of Fifth Third Bank alleging that Zayat Stables had defaulted on terms of a cash collateral agreement.

Zayat Refutes Claims by Fifth Third

Zayat Refutes Claims by Fifth Third

Attorneys for Ahmed Zayat's Zayat Stables are refuting claims by Fifth Third Bank that the prominent stable violated terms of a cash collateral agreement by withdrawing four horses from a Keeneland sale.

Zayat Seeks Dismissal of Fifth Third Case

Attorneys for Ahmed Zayat have filed a motion requesting that allegations of default against Zayat Stables filed by Fifth Third Bank be dismissed and that the bank pay compensatory and punitive damages, plus other costs.

Court Approves Zayat, Fifth Third Agreement

An agreement between Zayat Stable and Fifth Third Bank on use of cash collateral funds to continue operations was approved March 8 during a hearing before Judge Donald H. Steckroth in U.S. Bankruptcy Court.

California Clears Zayat on Jelinsky Loans

California Clears Zayat on Jelinsky Loans

The California Horse Racing Board has looked into ties between Ahmed Zayat and two convicted bookmakers and determined there is nothing to indicate the prominent horse owner has violated terms of his license in the state.

Zayat, Bank In Agreement on Use of Cash

Zayat, Bank In Agreement on Use of Cash

Prominent horse owner Ahmed Zayat and Fifth Third Bank have reached an agreement allowing Zayat Stables to use cash on hand for racing operations in accordance with a budget submitted to a bankruptcy court in New Jersey.

Zayat Made Loans to Jelinsky Brothers

Zayat Made Loans to Jelinsky Brothers

Documents filed in connection with his Chapter 11 bankruptcy petition show that prominent horse owner Ahmed Zayat made loans to two brothers who have been convicted in connection with illegal bookmaking.

Bank Opposes Zayat's Use of Cash Collateral

Bank Opposes Zayat's Use of Cash Collateral

Fifth Third Bank has filed a motion asking a bankruptcy court not to permit Zayat Stables to use the bank's cash collateral for operating expenses until such time it can provide additional collateral or use other funds.

Owner Zayat Surprised by Bank's Lawsuit

Owner Zayat Surprised by Bank's Lawsuit

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.

Injury Ends career of Pioneerof the Nile

Injury Ends career of Pioneerof the Nile

Zayat Stables' Pioneerof the Nile, winner of four consecutive graded stakes and second in the Kentucky Derby Presented by Yum! Brands (gr. I), has been retired due to a soft tissue injury to his left front leg.

Heart Ashley Holds On For Miss Preakness Win

Heart Ashley Holds On For Miss Preakness Win

Heart Ashley opened up on the turn for home, looked like she would coast to an easy win, and then had to hold off the late charge of Cinderella's Wish to win the $100,000 Adena Stallions Miss Preakness Stakes (gr. III) by a head May 15 at Pimlico Race Course.

Pioneerof the Nile Cruises in 1:01 Work

Pioneerof the Nile Cruises in 1:01 Work

Pioneerof the Nile didn't turn in the fastest five-furlong work April 27 at Churchill Downs, but that wasn't the goal for his trainer, Bob Baffert. The 3-year-old son of Empire Maker cruised through five furlongs in 1:01 and impressed onlookers with his long, free-flowing stride in his final breeze before the May 2 Kentucky Derby Presented By Yum! Brands (gr. I).

Leading Owner Title Still Up in the Air

Leading Owner Title Still Up in the Air

With less than two weeks remaining in the Thoroughbred racing season, nearly all of the 2008 leaders have been decided. The lone category without a clear-cut winner is earnings by owner, and it might take until the final few days of the year to determine a victor.

J Be K to Gainesway

J Be K to Gainesway

Ahmed Zayat's Zayat Stables' J Be K has been retired from racing and will enter stud in 2009 at the Beck family's Gainesway Farm near Lexington. His 2009 fee will be $10,000.

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