My Racehorse

MyRacehorse to Donate Portion of May Proceeds to Backstretch Workers

MyRacehorse, the micro-shares ownership syndicate, has pledged to donate 10% of proceeds derived in the month of May to three charities which support backstretch workers: Backside Learning Center, Backstretch Employee Service Team, and the Edwin J. Gregson Foundation. "We knew we wanted to use our platform to raise funds to assist the backstretch workers during this difficult time, and by partnering with the three selected non-profits, we are thrilled to know the funds will be put in very capable hands and optimized to the fullest," said My Racehorse founder Michael...

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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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