Trainers Mike Maker and Wesley Ward aren’t the only horsemen who have encountered Thoroughbred owners who have been slow to pay their bills. In their cases, the two trainers filed suit against owners Kenneth and Sarah Ramsey alleging nearly $1 million was owned to each of them for past due training bills and purse earnings. Ken Ramsey has said he’ll make good on both cases and that the lawsuits will be dropped.
In the case of Ahmed Zayat and his family’s Zayat Stables – now going through bankruptcy – a host of trainers and other businesses are owed a significant amount of money.
It begs the question of how many other trainers have had to “carry” owners for extended periods of time, negotiate fees after the fact or put liens on bloodstock in order to get paid.
Watch this week’s Friday Show for a discussion on this subject with Ray Paulick and Paulick Report editor in chief Natalie Voss. Bloodstock editor Joe Nevills joins the show for a retrospective on the late Sheikh Hamdan of Shadwell Stables, a Toast to Vino Rosso and some news about a new product coming next week that covers the auction front.
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