Ron Mitchell

Ron Mitchell is the Online Editor for www.bloodhorse.com

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.

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.

Numbers Show Need for Contraction, Innovation

A report showing that for the second consecutive year wagering on Thoroughbred racing in the U.S. sustained a major hit is a sign that the industry is impacted by the recession and needs to find ways to generate more money.

TrackNet, East Coast Tracks Still in Dispute

TrackNet, East Coast Tracks Still in Dispute

One of the country's top advanced deposit wagering providers and a group representing 17 MidAtlantic racetracks remain at odds over terms of a new contract, leading to disruption of simulcast wagering at the tracks.

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.

Bank Sues Ex-NBA Player Hurley Over Note

A Lexington bank claims former NBA player and college All-American Bobby Hurley and his Devil Eleven Stable have defaulted on a note totaling more than $900,000; seeks taking possession of 12 shares in Songandaprayer.

Sanctioned Agent Had Faced Legal Problems

When Jim Cullen was recently banned from all North American auctions through 2010 as a result of action taken by Keeneland and Fasig-Tipton under the Sales Integrity Program, it marked the latest in a series of business and legal setbacks for the 42-year-old Lexington bloodstock agent.

Oak Tree Handle, Attendance Decline

Oak Tree Handle, Attendance Decline

The Oak Tree Racing Association, which for the second year in a row hosted the Breeders' Cup World Championships, reported double-digit declines in attendance and handle during the 31-day meet at Santa Anita Park that ended Nov. 8.

Gary Player to Owners: Race...Don't Hide Them

Gary Player to Owners: Race...Don't Hide Them

Professional golfer and Thoroughbred breeder Gary Player has a message for horse owners, especially the connections of Rachel Alexandra and Sea The Stars, the soon-to-be respective champions in the U.S. and Europe who are not participating in the Nov. 6-7 Breeders' Cup World Championships at Santa Anita: Race your horses and don't dodge competition.

CDI's Evans: Some Progress in Kentucky

The president of Churchill Downs Inc. said he believes recent developments with the makeup of the Kentucky General Assembly are positive and could help lead to legalization of video lottery terminals at racetracks in the state.

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