Zayat stables, which owned American Pharoah, probably insolvent

[dilanesp]

I will just link the google search, from which you can pick up all the stories. Suprised nobody posted about this:

https://www.google.com/search?q=zayat+stables+receivership&rlz=1C1CHBF_enUS841US841&oq=zayat+stables+receivership&aqs=chrome..69i57.4270j0j1&sourceid=chrome&ie=UTF-8

This tweet has the latest update:

https://twitter.com/raypaulick/status/1225503581106843650?ref_src=twsrc%5Egoogle%7Ctwcam p%5Eserp%7Ctwgr%5Etweet

[Parson]

not suprised

[PhantomOnTour]

Good

Never been a fan of how he operates.

[JustRalph]

isn't this the 2nd time?

[Big Peps]

isn't this the 2nd time?

Yes, and it's not like the guy is dead broke outside of racing. He's just not paying his bills and refuses to use cash from other assets outside of racing to pay his bills

[Elkchester Road]

Absolute dreg. Here is a guy who has made a fortune in business yet has absolutely no regard for the business of others.

[horsefan2019]

Yes, and it's not like the guy is dead broke outside of racing. He's just not paying his bills and refuses to use cash from other assets outside of racing to pay his bills

Nothing wrong with separating your racing business from your personal finances. However it sounds like he squandered the fortunes he made in racing.

[The_Turf_Monster]

There's 3 sides to every story, let's not not be so quick to judge. This is an owner that pulled his horses from Asmussen after that video surfaced where Asmussen and Gary Stevens were laughing about using a whip with a buzzer on it.

[cj]

There's 3 sides to every story, let's not not be so quick to judge. This is an owner that pulled his horses from Asmussen after that video surfaced where Asmussen and Gary Stevens were laughing about using a whip with a buzzer on it.

There is no side to this story where Zayat comes out looking good.

[The_Turf_Monster]

There is no side to this story where Zayat comes out looking good.

He's shown good faith towards the horses that he owns, let's not get on him for maybe cringing the horsemen

[iamt]

Really? He seemingly hasn't paid a bill for any horse's upkeep in months.

[GMB@BP]

Really? He seemingly hasn't paid a bill for any horse's upkeep in months.

his trainers need to start producing more!

[cj]

He's shown good faith towards the horses that he owns, let's not get on him for maybe cringing the horsemen

As has been pointed out, not paying your bills is the exact opposite of showing good faith to your horses.

[Big Peps]

Nothing wrong with separating your racing business from your personal finances. However it sounds like he squandered the fortunes he made in racing.

I think everyone certainly understands separating your personal finances from racing finances, this corporation, LLC versus another. And hey if Zayat owned a bunch or real estate or other business that he just elected to shut down or sit there and rot, lock the door and walk away, to each his own.

The problem is this, he has left his horse racing business with countless people left unpaid, from vendors to trainers, blacksmiths, vets, transportation people and on top of that there is still horses that need to be taken care of. They don't just go away. Sure they are assets to a certain extent but this is a bit different. Yes, any business that files bankruptcy leaves a trail of tears a mile long but again the horses still need to be taken care of

There is a right way to exit the business and a wrong way. The racing business is a bit different, it isn't like just shutting down a restaurant or a construction business as the horses still need care. He could have liquidated all his horses at a sale as well, much like conquest dude did a few years back. Sure many would have not been worth much but still.

Maybe Jr should have gained a bit more experience in the racing business before he was given the keys, or maybe taken a job in another profession, to each his own I guess.

[airford1]

The guy is a dead beat. Operates his racing like a Used Car lot. Pay your bills.

[Parson]

I think everyone certainly understands separating your personal finances from racing finances, this corporation, LLC versus another. And hey if Zayat owned a bunch or real estate or other business that he just elected to shut down or sit there and rot, lock the door and walk away, to each his own.

The problem is this, he has left his horse racing business with countless people left unpaid, from vendors to trainers, blacksmiths, vets, transportation people and on top of that there is still horses that need to be taken care of. They don't just go away. Sure they are assets to a certain extent but this is a bit different. Yes, any business that files bankruptcy leaves a trail of tears a mile long but again the horses still need to be taken care of

There is a right way to exit the business and a wrong way. The racing business is a bit different, it isn't like just shutting down a restaurant or a construction business as the horses still need care. He could have liquidated all his horses at a sale as well, much like conquest dude did a few years back. Sure many would have not been worth much but still.

Maybe Jr should have gained a bit more experience in the racing business before he was given the keys, or maybe taken a job in another profession, to each his own I guess.



difference between zayat and conquest, conquest was not insolvent. he paid his bills https://www.bloodhorse.com/horse-racing/articles/214348/conquest-stables-plans-full-dispersal

[Big Peps]

difference between zayat and conquest, conquest was not insolvent. he paid his bills https://www.bloodhorse.com/horse-racing/articles/214348/conquest-stables-plans-full-dispersal


Solvent because I am sure he used personal or other finances to pay his bills within the horse racing industry until he sold off his stock as most responsible horse owners do. He also had some pretty nice horses left that he sold

The game is not a winning proposition for almost all owners especially ones that buy a ton of babies