Del Mar Online Racing Community
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http://media.kentucky.com/smedia/2010/0 ... ate.79.pdf
As evidence, the bank said that Zayat diverted $2.75 million in insurance paid on the death of miler Thorn Song.
Bless his heart I had no idea Thorn Song had died. I guess the bank thinks not knowing might have been the plan.
I hope the bank succeeds in getting all of Zayat's horses for the safety of the horses.
I can't picture the insurance company giving him a check for $2+ million without proof the horse was really dead . . . . can you??
Nureyev . . . . my Twinkle Toes
Sire of Miesque
You'd think this would be a gigantic story, but as of yet getting no coverage from the national horse media. Mr. Zayat claimed he was only filing for bankruptcy due to the bank failure of renegotiating his defaulting loans. But a closer look shows he owes tons of people he hasn't paid for months. This story is even more sickening than the whole Gill fiasco.
I saw this one coming in November when Zayat shipped out Zensational the day after the Breeders Cup Sprint. Without even giving the horse a couple days to rest from the effort, he was off to stud. For me, it could only mean "Payment due on delivery".. and that Zayat was needing money very fast.
It is on Blood Horse now. I bet Zayat thought when the bank said "we don't comment on pending legal issues", that they actually meant it. Knew that wouldn't last. He can be a little naive in thinking that people are just going to believe what he says, truth be darned.
http://www.bloodhorse.com/horse-racing/ ... at-stables
I agree with JDinSD77. Wow, when you can't pay for your winners' circle pictures and they get scooped up in the bankruptcy along with your cellular phone bill, it ain't all about Fifth Third.
That request for control of the stable by the bank in part reads because there aren't enough operating monies to assure that the horses get fed and taken care of.
Still absolutely no coverage from the DRF. Probably because the Zayat's and their racing stable manager were close with mgmt. with their blog entries, Stopped posting when critical assessments were made over their operations. I'm telling you this story will not go away with many more despicable acts exposed. Too many good people in horse racing to let these slimeballs denigrate our sport.
8 posts • Page 1 of 1
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