. MiddleGround Capital

The Kentucky-based private-equity firm founder and manager John Stewart, who heads Resolute Racing, has reached an "agreement in principle" to settle a civil complaint against his MiddleGround Capital, which was sued last month by another investment company over an alleged "bad faith" refusal to pay $22 million in contractually due revenue shares. News of the in-the-works settlement was posted on the online court docket for the New York Supreme Court shortly after 5 p.m. Jan. 22. The one-page entry on the docket did not explain the terms that are being...

John Stewart, who owns Resolute Racing and founded MiddleGround Capital, will sponsor two Keeneland dirt sprint stakes which will be run opening weekend of the Spring Meet, the track said in a release on Thursday. Resolute Racing will add its name to the $600,000 GI Madison S. which will run on Saturday, Apr. 6, while MiddleGround Capital will sponsor the $400,000 GII Beaumont S. on Sunday, April 7. "My partner Scot Duncan and I have always enjoyed taking our family, friends, co-workers and investors to the races at Keeneland," Stewart...

Prior to this year's Keeneland September Sale, John Stewart was largely unknown in racing circles. That changed when Stewart, the founder and managing partner of MiddleGround Capital, a private equity firm, spent $8.425 million on 13 horses. He was just getting started. Stewart returned to the fall breeding stock sales at Fasig-Tipton and Keeneland where he once again opened his check book, purchasing 11 mares and weanlings for a total of $17.35 million. The list included the two-time GI Breeders' Cup Filly & Mare Sprint winner Goodnight Olive (Ghostzapper). Stewart...