Jb Mckathan

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Consignors Added to McIngvale Lawsuit

Racehorse owner James McIngvale has expanded his high-profile lawsuit against three horsemen to include several consignors allegedly involved in claimed fraudulent public auction transactions.

McIngvale Suit Charges Kickbacks to Trainer and Agents

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Prominent racing owner James McIngvale on Thursday filed a federal lawsuit in Texas that in part charged trainer Bob Baffert and Florida-based sales agents J.B. McKathan and Kevin McKathan with receiving secret commissions and kickbacks on "various Thoroughbred racehorses" the Houston furniture industrialist purchased at public auction.

Keeneland April Sale Sets Records For Average And Median

After a slow start, Keeneland's April auction of 2-year-olds in training closed with a flurry of bidding Tuesday that helped establish sale records for both average price and median price. The 91 horses sold grossed $14,898,000 and averaged $163,714. The median was $125,000. Compared to a year ago, the number sold plunged by 26.0%, and the gross dropped by 19.5%. However, the average and median enjoyed increases of 8.8% and 19.0%, respectively.

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