Thoroughbred News

Headlines and features for Thoroughbred racing, breeding and sales

Falvelon Colt Tops Final MM Sale Session

The inaugural Magic Millions QTIS 600 yearling sale ended its two-day run March 30 in Australia with a gross of Aust$6,135,500 (approximately $4,261,166 in U.S. funds) for the 333 horses sold. The average price was Aust$18,424 ($12,796), and the clearance rate was 81%.

NZ Bloodstock Adds Asia Office

New Zealand Bloodstock (NZB) will open new office in Asia -- New Zealand Bloodstock Asia -- that will be headed up by New Zealand Bloodstock representative Michael Kneebone. Based in Singapore, Kneebone will provide New Zealand Bloodstock's full range of bloodstock services in the region.

State, City Seek to Protect Preakness

State, City Seek to Protect Preakness

Mounting a defense for the Preakness Stakes (gr. I) at Pimlico Race Course, the state of Maryland and the city of Baltimore went to court March 27 to keep the second leg of the Triple Crown in the state because of uncertainties raised by the bankruptcy of Pimlico owner Magna Entertainment Corp.

Talkin' Horses Podcast with Larry Jones

Join Trainer Larry Jones as he answers questions like: Tell about how your two leading Kentucky Derby contenders Old Fashioned and Friesan Fire are doing and what the plans are for them between now and the first Saturday in May.

HRTV: Pursuit of the Crown March 27

HRTV: Pursuit of the Crown March 27

Featuring previews of the Florida Derby (including an interview with Todd Pletcher, trainer of Dunkirk) and UAE Derby, a recap of the Lane's End, and works for Chocolate Candy and Pioneerof the Nile.

Banks Object to MEC Auction Process

Three banks holding liens on racetracks such as Pimlico Race Course, Santa Anita Park, and Golden Gate Fields have filed objections over Magna Entertainment Corp.'s proposed bidding process to sell those racetracks and certain other assets.

MEC 2008 Loss Highest in Company History

One day after reporting Magna Entertainment Corp. would not release an annual report due to its ongoing bankruptcy proceedings, controlling shareholder MI Developments released data showing MEC posted its highest-ever annual loss in its brief history, though it's not exactly clear what the final tally is.

Ontario OKs Horse Improvement Program

The Ontario Racing Commission March 25 approved $47.1 million Canadian for the 2009 Horse Improvement Program, which funds stakes, breed development, and equine research for Thoroughbred and Standardbred racing.

Youbet Expands International Offerings has signed three agreements that will enable its members to watch and wager on racing from South Africa, Sweden, additional tracks in the United Kingdom, and Puerto Rico, providing nearly 24-hour-a-day racing coverage.

On The Mend: Mike Mulligan

Florida horseman Mike Mulligan continues to make very satisfactory progress from an incident in South Florida March 3, which resulted in a fractured skull and subsequent surgery.

Magna Will Not File 2008 Annual Report

Magna Will Not File 2008 Annual Report

Magna Entertainment Corp. announced March 26 that it will not be filing its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2008, nor will it be filing quarterly reports on Form 10-Q, with the U.S. Securities and Exchange Commission or the Canadian securities regulators during the period it continues to operate its business as a debtor in possession under the U.S. Bankruptcy Code.

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