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Old 09-09-2020, 11:07 PM   #1
NY BRED
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Amad Zayat Declares Bankruptcy

This is unbelievable.

Wondering how many people in the industry will be impacted by this evemt..
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Old 09-09-2020, 11:17 PM   #2
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Amad?
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Old 09-10-2020, 09:09 AM   #3
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Ahmed Zayat..

but yeah, it looks like his stables (Zayat stables) has been down that route before.

https://finance.yahoo.com/news/ameri...230719560.html
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Old 09-10-2020, 09:22 AM   #4
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Quote:
Originally Posted by NY BRED View Post
This is unbelievable.

Wondering how many people in the industry will be impacted by this evemt..
Yes, it's going to help a lot of trainers never have to worry about having one of the worst paying clients in the history of the game.
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Old 09-10-2020, 09:35 AM   #5
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Hey, he's sitting on a cash horde of $300 according to the filing.
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Old 09-10-2020, 09:37 AM   #6
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“His personal assets include a home in Teaneck, New Jersey valued around $3.6 million, $300 in cash and $14.42 in two checking accounts.”

Is it safe to assume he has money hidden with relatives ? The ironic thing here is that he owes millions of dollars but yet he will be able to keep his 3.6 million dollar home. Hey he has a 3 million dollar house but not enough money in the bank for a DD run.
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Old 09-10-2020, 10:43 AM   #7
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Surely he has many hidden assets and won't be hurting anytime soon. This guys like an absentee landlord, likes to collect purse money (rent for a landlord) but doesn't want to accept any financial responsibility the other way. The games better without people like this.
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Old 09-10-2020, 11:39 AM   #8
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Isn't he rumored to be a big gambler on horses?
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Old 09-10-2020, 12:16 PM   #9
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Some truth in the saying; "It's the strong swimmers, who drown".


Wish him the best.
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Old 09-10-2020, 12:25 PM   #10
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Wish him the best.
I see what you did there!
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Old 09-10-2020, 12:29 PM   #11
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I see what you did there!
If I used some humor, it was unintentional.

been a hard year. I don't know this guy whatsoever, other than having owned some horses.

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Old 09-10-2020, 12:33 PM   #12
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I thought you were being clever in an obscure way...never mind...
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Old 09-10-2020, 09:14 PM   #13
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Pletcher and that vanning company didn't learn the first time when the stable reorganized under Ch 11 in 2010? The article seems almost identical listing the creditors. I know he had good horses so that's quite a hole to dig.
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