Dean Dorton & Ford

Zayat Stables in Receivership: What Exactly Does That Mean?

Additional reporting by Lucas Marquardt When the assets of Zayat Stables, LLC, were ordered into receivership by a Fayette Circuit Court judge in Kentucky on Wednesday as part of a $23 million lawsuit by a lender alleging fraud and loan defaults, the judgment caused reverberations within the Thoroughbred bloodstock and racing world beyond those felt by Ahmed Zayat and his family. (Click here to read the TDN story.) Specifically, questions began to swirl about what would happen to the Zayat horses either at farms or currently in training in New...

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