McMahon Thoroughbreds

Zayat Lawsuit Broadens to Include Prominent Bloodstock Business Partners

The New York lending firm that last month initiated a $23-million lawsuit against Ahmed Zayat and his financially troubled Zayat Stables, LLC, has broadly amended its civil complaint in a Kentucky court. As of Tuesday, the suit now additionally targets 10 prominent bloodstock individuals and entities that the plaintiff alleges played a role in the "fraudulent scheme" orchestrated by Zayat family members "to sell at a steep discount several millions of dollars of Zayat Stables' assets" that had been pledged as collateral for $30 million in loans. The wide-ranging updated...

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Senator Nolan to Disperse Stock at F-T February

Senator Howard C. Nolan, who grew up in nearby Mechanicville, attended his first horse race with his father at Saratoga in 1946--when the track re-opened following World War II--and caught the racing bug. He was just 14 at the time, so it would be another 30 years before he purchased his first Thoroughbred and eventually developed a large breeding operation in New York. Now, with his 87th birthday approaching, Nolan has decided to wind down his involvement in racing and is offering eight mares at next week's Fasig-Tipton Winter Mixed...

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