$1.5 Million Settlement On The Table From Zayat’s Bankruptcy Trustee

A $1.5 million settlement is on the table for the personal bankruptcy case of Ahmed Zayat, reports the Thoroughbred Daily News. The settlement, which would be paid by Zayat's brother, Sherif Zayat, is due to be ruled on by a judge in a New Jersey federal bankruptcy court on July 6.

Zayat's trustee Donald V. Biase said that the settlement would “resolve all claims and causes of action” related to the multiple mortgages on Zayat's home.

However, there remains a debt of $19 million, including to trainers, farms, bloodstock businesses, veterinarians, and equine transportation companies. These “non-priority unsecured claims” are far down the list of creditors to be paid out, based on Chapter 7 bankruptcy rules.

There is a separate bankruptcy case pending against Zayat's racing business, Zayat Stables, LLC, which overlaps a number of racing-related creditors.

Read more at the Thoroughbred Daily News.

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Horsemen’s Groups, ARCI Issue Scam Alert Over Claiming Scheme

A multi-state fraud alert has been issued by the Association of Racing Commissioners International over a claiming scam. The state racing commissions have involved federal and state law enforcement agencies, according to the ARCI.

The Maryland Thoroughbred Horsemen's Association posted the following alert on Facebook:

“Horsemen are advised that a woman who last week was licensed as an owner by the Maryland Racing Commission has been caught scamming trainers. Maryland racing officials were notified by an executive at Louisiana Downs Casino and Racing that two trainers were scammed by Helena Issa, the licensed owner. She is said to be working with a man whose name was not available.

“Issa asked a Maryland trainer to claim a horse for her and said she would send a cashier's check. The horse was claimed in late May for $32,000 at Pimlico Race Course in the trainer's name, but the cashier's check sent by Issa bounced, officials said. The MRC has been notified of the situation.”

The ARCI reports that a similar scam has been either attempted or reported at the following racetracks: Oaklawn Park, Santa Anita Park, Keeneland, Turfway, Belterra, Laurel, Thistledown, Mountaineer, Indiana Grand, Louisiana Downs, and Finger Lakes.

At Finger Lakes, the ARCI reports that the man and woman involved in the scheme went by the names Zakaria Tarabichi and Helene Issa, respectively. The two posed as new entrants to racing, and contract with a trainer to claim horses on their behalf. They then provide a cashier's check to the bookkeeper, and persuade the trainer to remit a portion back to them.

The cashier's check is fraudulent; at Finger Lakes, the purported amount of the check was $60,000, with $9,900 remitted.

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Racing Coming Together For Welfare, Community And Education

No meeting better exemplifies the global nature of modern racing than Royal Ascot. Now returned to more normal times, we can look forward once again to welcoming runners from America, Australia and Japan, along with Britain's nearer neighbours of Ireland, France, Germany and the Czech Republic.

While horsemen and women can naturally convene and swap ideas at such meetings, the behind-the-scenes work of racing's administrators and organisers has recently been put on a more global footing by the launch of Together For Racing International (TFRI) in 2019. The organisation is backed by an advisory board consisting of representatives from the racing authorities from its six member states among other operations within the industry.

“The purpose of Together For Racing International is to assist racing globally to contribute to society, improving the lives of its people and its communities,” says development director Anna Powell, whose well-rounded CV includes experience working for the British Horseracing Authority, France Galop and British Bloodstock Marketing.

At the Godolphin Education Forum held in Newmarket in 2019, delegates from America, Australia, Britain, France, Ireland, and Japan settled upon a three-year strategy which formed the basis of TFRI for those six member states.

“Rob Hezel and myself worked on delivering the strategy and our ambition is really around three areas: to identify the global opportunities that exist, to support each of the member countries to deliver on the plans that they made at the forum, and to be able to measure that success globally,” adds Powell.

“What was quite powerful from the outcomes of the forum of 2019 was that we could identify the needs of each country, out of which came education, community engagement, workforce and careers. Everyone came together to say that these were their common priorities. TFRI then became a central resource for those member countries to help them to deliver.

“The actual mission and objectives of that forum have now been ticked, despite Covid, and now we are in a place where it's time to move on and for the racing industry to decide how much or in what capacity this work needs to be kept serious and be part of the industry going forward.”

In its infancy, the project has been given financial backing by Godolphin, and has been given a significant boost from being able to call upon the vast experience of Diana Cooper in her role as interim chair. Now the search is on for a new chair.

“We need membership, so we are thinking about how we fund the central resource,” says Powell. “To date, Godolphin has generously funded Rob and I to work on the strategy over the last year, but that is not a bottomless pit. It needs to be everybody taking responsible for our industry. The next step for us is to have someone who can take it to the next level globally.

“We'd like a contribution of sorts, even if it's minimal, from the racing authorities. From there we would be looking at partnerships with corporate sponsors.”

Various steering groups, which convene every six weeks, have already been established within the existing member countries, and TFRI is in the process of being established as a charity in the UK. The plan is to have a global forum every three years, with the next once pencilled in to take place in Australia in 2023, and for more countries to join the organisation gradually.

A number of programmes are already underway in the different countries, including student exchanges, the use of retired racehorses for educational purposes within prisons, and a pony racing academy at the British Racing School aimed at helping children with special educational needs.

“Pony racing has been another really great way of engaging the youth and as a stepping stone into the industry,” says Diana Cooper, who is also involved, through TFRI, in a local school initiative, The Newmarket Academy Godolphin Beacon Project, which aims to “ensure that young people have an understanding of horseracing, and receive guidance on career pathways within the industry and beyond”.

Powell adds, “We've looked at initiatives like National Racehorse Week, which was launched in Britain last year, as ways of engaging with local communities and helping people to understand more about the sport. The idea is that this could then be adapted say in France, and then globally these initiatives could help us to be more accessible as a sport.”

Indeed, at a time when different racing jurisdictions are coming under increasing pressure from negative news stories which threaten the sport's social licence, opening up the doors to stable yards, stud farms, and racecourses to bring a better understanding of the level of equine welfare involved can only be a good thing.

“The social licence aspect is very important,” says Cooper. “But it's also about getting youngsters to look a pony or a horse in the eye for the first time. They are our future, they are our advocates. And fewer and fewer people have that opportunity.”

She continues, “Our sport is unique and it has an asset that no other industry has, and that's the horse. The horses deserve to have a platform. And we are careless not to make more of that.”

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Thursday Insights: ‘Talkin’ Horse Tries the Turf

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5th-BEL, $90K, Msw, 2yo, 5fT, post time: 5:13 p.m. ET
Ranlo Investments' TALKIN PHAROAH (American Pharoah) acquitted himself well enough in his 4 1/2-furlong bow over the Keeneland main track, finishing a well-backed runner-up Apr. 20, but a surface switch is in the offing, and with good reason. The bay colt is the first foal to the races from the Randall Lowe-bred Just Talkin (Midshipman), five times placed in sprint stakes company–four of those on the grass–and a full-sister to the outstanding GSW and GI Breeders' Cup Turf Sprint runner-up Lady Shipman. Lowe parted ways with Just Talkin at Fasig-Tipton February when she fetched $160K from Justin Casse before selling to Mountmellick Farm for $675K with this colt in utero at FTKNOV nine months later. Lady Shipman's foal of 2018, Golden Pal (Uncle Mo), has done more than his fair share of advertising for the family, with victories in the GII Breeders' Cup Juvenile Turf Sprint in 2020 and in last year's GI Breeders' Cup Turf Sprint and is headed to the G1 King's Stand S. in a few weeks' time. On behalf of Lowe, trainer Wesley Ward went to $260K for Talkin Pharoah at Keeneland September, having been RNAd for $125K at Fasig-Tipton the previous November.

The success of Stonestreet Stables runners sourced overseas has been well documented and they take the wraps off the filly Lady Wildcat (Ire) (Kodiac {GB}) here. Purchased by Ben McElroy for 160,000gns out of last year's Tattersalls October Sale, the March foal–by the sire of 2021 G1 Commonwealth Cup winner Camnapelle (Ire)–is out of a half-sister to Group 2 winner Priceless (GB) (Exceed and Excel {Aus}), Group 2-placed Doctor Brown (GB) (Dr Fong) and to the dam of Group 3 winner Aeolus (GB) (Araafa {GB}).

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