LEXINGTON, Ky. - Fasig-Tipton started Kentucky's November sales on Sunday with multimillion-dollar prices for Grade 1-winning mares and a dispute with Coolmore Stud over the $4 million sale of Octave to Sheikh Mohammed al-Maktoum's Darley organization.
The day's top price was the $5.75 million that Maktoum's representative John Ferguson paid for 2006 Breeders' Cup Distaff winner Round Pond. Taylor Made Sales, agent, sold the 5-year-old Awesome Again mare on behalf of Rick Porter's Fox Hill Farms.
Skip to main content
Create Your DRF Account
New to DRF?
Everything you could possibly
need in one place
need in one place
Register
Don't have an account?
Register Here
DRF Past Performances
Participants in the California racing industry have reached an agreement that will make every major racing signal in the state available to the largest domestic account-wagering operations in the country for the next eight months, officials in the state said on Monday.
Magna Entertainment Corp., the largest racetrack owner in the United States, lost $49.8 million in the third quarter of 2007 on revenue of $114.5 million, bringing the company's losses over the last 3 1/2 years to $375 million, according to financial statements released Thursday night.
The third-quarter loss was nearly identical to the company's third-quarter loss of $50.7 million last year. During this year's third quarter, Magna had negative cash flow of $20.8 million, and the company ended the quarter with $506 million in long-term debt.
The Maryland Legislature appears headed toward approving slot machines in the state during a special session over the next few weeks, but the details over where the machines will be located remains up in the air.
Two proposals have been offered, one by Gov. Martin O'Malley, a Democrat, and the other by House Republicans. Along with a slew of tax changes, each proposal would seek to use revenues from the machines to help close an estimated $1.7 billion budget shortfall while subsidizing purses for Thoroughbred and Standardbred races by as much as $100 million a year.
LEXINGTON, Ky. - The Keeneland and Fasig-Tipton auction houses in Lexington could have a lot to be thankful for by the end of the month.
Kentucky's November sales, which start Sunday afternoon at Fasig-Tipton before moving to Keeneland for two weeks, will feature strong catalogs, especially for young mares - a fact that assures high prices at the top of the market. And sale officials also are optimistic that more meat-and-potatoes offerings could sell well, too, after a yearling auction season that saw middle-market youngsters sell well this fall.
The New York Racing Association is disputing a $1.64 billion tax assessment - that's "billion," with a "b" - that the federal Internal Revenue Service says the association owes from a five-year period beginning in 2000.
The tax bill, which the IRS laid out in a filing in U.S. Bankruptcy Court for the Southern District of New York on June 5, includes $866 million in taxes and interest on the payments for "unsecured priority claims" and $752 million in penalties and interest on the unpaid taxes. NYRA filed for bankruptcy late last year.
LEXINGTON, Ky. - The 2008 breeding season is right around the corner, and farms around central Kentucky are continuing to set a conservative line on their stud fees in response to commercial breeders' concerns over high mating fees.
The president of Castleton Lyons, Shane Ryan, made the reasons clear in announcing that the 2008 fees for all of Castleton's stallions would drop from their 2007 levels.
Broodmares from the Golden Eagle Farm reduction led Tuesday's Barretts October mixed sale, a two-day sale that finished with results considerable higher than in 2006.
Cee's Elegance, 10, the winner of the Grade 2 A Gleam Handicap in 2003 and one of the most prominent broodmares in the Golden Eagle consignment, topped Tuesday's session, selling for $140,000 to California breeders Marty and Pam Wygod. Cee's Elegance sold in foal to Salt Lake.