VERSAILLES, Ky. (AP) WinStar Farm says that stallion Pioneerof the Nile, sire of 2015 Triple Crown winner American Pharoah, has died. HorseRacingNation 166,460 views. Foxwoods could not be reached immediately for comment.The complaint alleges that the nine shares, which were sold for a collective $3.3 million, “did not reflect their fair market value and represents a deep discount from Zayat Stables’ own $14 million valuation of the Zayat AP Breeding Rights as reflected in the proposed Liquidation Plan ... as well as an independently appraised value commissioned by Zayat Stables in July 2019 that determined the Zayat AP Breeding Rights to be worth a total of $12.6 million.”The lawsuit is seeking $10.89 million from Coolmore and Ashford Stud and the return of seven breeding rights in American Pharoah; it also seeks the return of the two American Pharoah breeding rights sold to LNJ Foxwoods, as well as a share in any offspring created in the use of the nine breeding shares.Subscribe for unlimited digital access to the news that matters to your community. One trainer, Mike Maker, has filed a separate lawsuit against Zayat Stables and Ahmed Zayat, alleging Maker Stables, which trains Amandrea and other horses, is owed more than $120,000.In a previous statement, Zayat called Maker’s lawsuit “absurd,” and said he “fully expects this lawsuit will be dismissed and intends to seek appropriate sanctions against Mr. Maker for pursuing this malicious action.”In receiver Elizabeth Woodward’s initial report, filed Feb. 5, she and “The receiver, Mr. Bell, and the undersigned (attorneys) have fielded dozens of calls from farm operators, trainers, veterinarians, and transport companies reporting what they are owed and many are demanding payment in order to continue to provide services to Zayat Stables’ horses,” the receiver’s filing noted.Some of the horses now are being drawn into MGG’s fraud lawsuit against Zayat Stables.Besides the American Pharoah breeding rights, MGG also alleges that other Zayat Stables horses or shares of horses, which were listed as collateral on the loan, have been improperly sold or traded to pay off debts.And it is suing the purchasers, all of whom, the complaint alleges knew or should have known that MGG had a security interest, meaning the horses could not be sold without the investment firms knowledge and consent.On Wednesday, John Sikura, president of Hill ‘n’ Dale Farm, said he was unaware of any lawsuit regarding American Cleopatra.
American Pharoah won horse racing’s Triple Crown in 2015, becoming the first horse in 37 years to do so. All 3 races that American Pharoah ran to win the Triple Crown consisting of the Kentuky Derby, Preakness, Belmont Stakes. Post was not sent - check your email addresses! He’ll eat and sleep a lot. I have never spoken to the creditor or received any notice from them since purchase. All hoped that it was a good sign that Pharoah was going to be successful at stud. He died on the way to the clinic. American Pharoah's daughter became a $1.2 million horse at Keeneland on Tuesday on what was an emotional day for other reasons. Zayat Stables has argued a receiver is unnecessary.But documents filed by MGG in support of the receivership show that the stables owe more than $900,000, much of it to trainers, stables and farms, many more than 60 days past due. Real-time updates and all local stories you want right in the palm of your hand. Zayat Stables said from the beginning that it wanted to liquidate certain assets to generate enough proceeds to pay off all of its creditors,” according to the statement. Bunnell has not yet entered an order. “Motivated purely by self-interest and greed, MGG, however, was more interested in litigating this dispute at the expense of other creditors. She is an award-winning business reporter who also has covered agriculture, gambling, horses and hemp.Morgan Eads covers criminal justice for the Lexington Herald-Leader. The 13-year-old champion …
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