Joining in the parade of objectors to Magna Entertainment Corp.'s proposed debtor financing and sale of assets is the unsecured creditors committee, which primarily singled out company chairman Frank Stronach for his role in MEC's bankruptcy reorganization 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.
Westrock Stables' Scott Ford, a former president and chief executive officer of Alltel, hasn't been in the Thoroughbred business for long, but he was a major player at the Ocala Breeders'Sales Co. select sale of 2-year-olds in training.
A young mare by Gold Legend, in foal to Bernstein, was the only lot to bring six figures Nov. 13, another session of the Keeneland November breeding stock sale that saw a significant decline in business.
Keeneland director of sales Geoffrey Russell is taking two straight days of declines in the 2008 September yearling sale in stride by saying it is just a factor of the economic world we are living in today. "This establishes what the market is," Russell said at the close of the Sept. 9 session. "Everybody is here and they have now set the table. This is what the world is today, and they have established the value of these horses."
Phoenix owner Todd Finch bought the sale topper at the Barretts summer sale June 24 as his first venture into Southern California racing. Trainer Anthony Saavedra successfully bid $40,000 on behalf of Finch's Val-U-Chem for Leesider, a 4-year-old son of champion Bertrando.
A pair of juvenile fillies worked a furlong in :10 2/5 and three other fillies went a fifth slower during the preview show June 24 for the following day's Barrett's sale of 2-year-olds in training and horses of racing age.
The Florida Department of Agriculture and Consumer Services claims it doesn't have the power to regulate certain aspects of horse sales in the state, but is prepared to publish proposed rules it says are intended to prevent unfair or deceptive trade practices.
Earle I. Mack, who led the push for pending auction reform legislation in Florida, has come out in support of a strong policy statement recently released by the Thoroughbred Owners of California regarding horse sales.
With a small catalog and eager buyers, the Hong Kong International Sale saw a healthy gross and average Saturday, the day before the Cathay Pacific International Races. Both events are at Sha Tin Racecourse.
In contrast to this year's yearling auctions, the record-setting first day of the Keeneland November Breeding Stock Sale on Nov. 5 was fueled by strength at the top, with moderate weakness in the middle.
The opening session of the 2007 Keeneland November mixed sale is still rolling along at a fast clip with high-class broodmares and broodmare prospects bringing top prices. Nineteen offerings have topped the seven-figure mark so far.
The opening session of the 2007 Keeneland November mixed sale got off to a strong start Nov. 5 with a host of top-class broodmares and broodmare prospects selling for seven-figures during the first five hours of action.
BloodHorseNOW.com's Ron Mitchell talks with Boyd Browning, chief operating officer for Fasig-Tipton Company recapping the Fasig-Tipton Kentucky Selected Fall Mixed Sale. Enjoy this free preview from BloodHorseNOW.com!
The Sales Integrity Task Force presented its initial recommendations Oct. 15 at Keeneland, suggesting the industry opt for self-regulation through the conditions of sale rather than through legislation.
Despite difficult comparisons, the two-day consignor preferred sessions at the Ocala Breeders' Sales Co.'s fall mixed sale ended Oct. 9 in Central Florida with an increase in average price. Comparisons to 2006 were hard because last year there were three consignor preference sessions.
A handsome son of Johannesburg brought $1 million as the top purchase during the Sept. 15 session of Keeneland's September yearling sale for a racing partnership that includes owners Jim Scatuorchio and Michael Tabor, as the session's gross, average, and median all posted modest gains.