The purchase agreement specifies that terms and conditions of the auction are incorporated into the deal.“I’ve never had a case where I bought a mare at auction, and then had someone come up two years later and say, ‘you actually didn’t buy her,’” Sikura said. VERSAILLES, Ky. (AP) WinStar Farm says that stallion Pioneerof the Nile, sire of 2015 Triple Crown winner American Pharoah, has died.Owner Ahmed Zayat confirmed the death of the 13-year-old to the Associated Press on Monday and said he was “like a family member.” WinStar stated on its web site that Pioneerof the Nile had bred a mare and became uncomfortable after returning to his stall. A $23 million lawsuit involving American Pharoah breeding rights now includes some of the biggest names in Thoroughbred racing as an investment firm seeks to claw back money loaned to Ahmed Zayat’s stables.The lawsuit, filed in Fayette Circuit Court in Lexington, accuses Coolmore and its affiliates of improperly buying seven of nine American Pharoah’s lifetime breeding rights that were part of the collateral on a loan MGG made to Zayat Stables in 2016.According to the amended complaint, Ashford Stud and Coolmore, also known as Orpendale, knew that MGG had a security interest on all of the breeding shares as well as Zayat Stables’ horses.Ashford Stud and Coolmore on Wednesday declined to comment on the filing.Also added to the lawsuit: LNJ Foxwoods, the Long Island-based stable of Marchon eyewear principle Larry Roth, his wife Nanci and daughter Jaime Roth. “The pillar of our industry is, when you buy something, you own it.” My Racehorse is a website where fans of racing can “discover the thrill” of owning fractional interests in racehorses.Since My Racehorse owns the controlling share Amandrea, they’ve not yet felt the effects of a receiver being appointed to control Zayat Stables, said My Racehorse founder Michael Behrens on Wednesday. ... Gentry’s shocking sudden death … Bunnell has not yet entered an order. Zayat Stables said from the beginning that it wanted to liquidate certain assets to generate enough proceeds to pay off all of its creditors,” according to the statement. If you don’t get clear title when you buy at public auction we have no horse business.”According to a document filed with the lawsuit, American Cleopatra sold at Fasig-Tipton in a private sale agreement but at the November auction. Trained by Hall of Famer Bob Baffert, Pioneerof the Nile sired 2-year-old male Eclipse Award winners Classic Empire and American Pharoah – who became horse racing’s 12th Triple Crown champion winner and first since 1978 when he swept the Derby, Preakness and Belmont Stakes.WinStar’s Elliott Walden said on the web site that the farm is saddened and heartbroken over Pioneerof the Nile’s death and praised his “unique personality.” Zayat said he will cherish the horse’s sweet demeanor and talent that set a standard for his stable. VERSAILLES, Ky. (AP) WinStar Farm says that stallion Pioneerof the Nile, sire of 2015 Triple Crown winner American Pharoah, has died. He died on the way to the clinic. She is an award-winning business reporter who also has covered agriculture, gambling, horses and hemp.Morgan Eads covers criminal justice for the Lexington Herald-Leader. One trainer, Mike Maker, has filed a separate lawsuit against Zayat Stables and Ahmed Zayat, alleging Maker Stables, which trains Amandrea and other horses, is owed more than $120,000.In a previous statement, Zayat called Maker’s lawsuit “absurd,” and said he “fully expects this lawsuit will be dismissed and intends to seek appropriate sanctions against Mr. Maker for pursuing this malicious action.”In receiver Elizabeth Woodward’s initial report, filed Feb. 5, she and “The receiver, Mr. Bell, and the undersigned (attorneys) have fielded dozens of calls from farm operators, trainers, veterinarians, and transport companies reporting what they are owed and many are demanding payment in order to continue to provide services to Zayat Stables’ horses,” the receiver’s filing noted.Some of the horses now are being drawn into MGG’s fraud lawsuit against Zayat Stables.Besides the American Pharoah breeding rights, MGG also alleges that other Zayat Stables horses or shares of horses, which were listed as collateral on the loan, have been improperly sold or traded to pay off debts.And it is suing the purchasers, all of whom, the complaint alleges knew or should have known that MGG had a security interest, meaning the horses could not be sold without the investment firms knowledge and consent.On Wednesday, John Sikura, president of Hill ‘n’ Dale Farm, said he was unaware of any lawsuit regarding American Cleopatra. 8:36.
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