Recent News for Business Management

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California Governor Proposes Tax on Veterinary Services

November 26, 2008

In an effort to raise funds for the state, California Gov. Arnold Schwarzenegger recently announced his proposal to expand sales tax to include veterinary services. If this proposal passes, the governor estimated $357 million in increased revenu... Read More

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Keeneland Thoroughbred Sale Ends in Substantial Decline

November 19, 2008

The Keeneland November breeding stock sale that coincided with a world economic crash ended Nov. 17 with substantial declines in every key statistical category.

The Lexington sales company reported that 3,019 horses were sold during the... Read More

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New York Farm Operator Sentenced

November 15, 2008

Geraldine Trupia, the operator of a New York breeding farm from which authorities seized a herd of horses in August, appeared in Troupsburg Town Court for sentencing this week. Now she's speaking out on the circumstances of her case.... Read More

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Curlin Majority Owner Bids to Buy Out Remaining Share

November 14, 2008

Jess Jackson is involved in a private bid to buy out the 20% minority interest he doesn't control in reigning Horse of the Year Curlin, but actions in a Kentucky court Nov. 13 on the surface probably won't help speed a decision on the champion... Read More

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Horse Sales Market Commentary: Tough Times

November 12, 2008

Disaster. Brutal. Blood bath. Just a few of the many descriptive words being used by breeders to describe the Keeneland November breeding stock sale, which at this writing still had a week to run.

In light of the recessive global economy,... Read More

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Kansas Trainer Vows Court Fight Over Relocated Horses

November 10, 2008

Kansas horse trainer Tammy Blase vowed to challenge landlord Scott Becker and his family in court on grounds that he violated their lease agreement by ordering the Nov. 4 removal of 59 horses from Mount Bethel Farm in Meriden, Kan., without firs... Read More

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Washington Hearings Tackle Horse Farm Tax Issues

November 10, 2008

Operators of horse boarding and training farms in Washington state are poised to pack Department of Revenue hearing chambers Nov. 13 to convince the agency that their businesses should be included in statutory definitions... Read More

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Plunging Horse Sales Market: The View from the Ring

November 07, 2008

On day four of the plunging Keeneland November breeding stock sale market, here's what people had to say about the situation:

Patrick Lawley-Wakelin, Virginia-based bloodstock agent: "The market is obviously a reflection of what the world i... Read More

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Horses Grab Headlines in Kansas Financial Dispute

November 07, 2008

A group of 59 horses became the subject of a Jackson County, Kan., police investigation this week after they were reported stolen, then recovered, and then revealed to be collateral in a financial dispute between a Meriden, Kan., farm owner and... Read More

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Keeneland Thoroughbred Sale Suffers More Setbacks

November 06, 2008

The marketplace continued to take a pounding from negative economic forces outside the Thoroughbred industry during the third day of the Keeneland November breeding stock sale in Lexington. Compared to 2007, the Nov. 5 session was down 42.1% in... Read More

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Keeneland Thoroughbred Sale Continues Slump in Second Session

November 05, 2008

When most everything else in the world--including stocks and home values--seems to be losing value, 3-year-old racehorse Mushka went up in the value, proving the old adage that good horses will bring good money, even in tough economic times.... Read More

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Dam of Eight Belles Sells for $2.5 Million

November 05, 2008

Away, the dam of the ill-fated Eight Belles, was purchased for $2.5 million during the opening session of the 2008 Keeneland November breeding stock sale Nov. 3 at the Central Kentucky auction house.

Sheikh Mohammed's bloodstock adviser,... Read More

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Thoroughbred Broodmare Sells for Record Price

November 03, 2008

Even though we're in the midst of a global financial crisis, a special horse can still bring a jaw-dropping amount.

Better Than Honour, the dam of back-to-back Belmont Stakes winners Jazil and Rags to Riches, set a world Thoroughbred auctio... Read More

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Keeneland Thoroughbred Sale Faces Economic Hurdles

November 02, 2008

Consignors are steeling themselves and their clients for a significant downturn in the market at Keeneland's breeding stock sale, which starts Nov. 3 in Lexington and runs for 15 days. But they also are hoping that the drop in prices will bring... Read More

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Unwanted Thoroughbreds: A Challenge for Sellers

November 02, 2008

With the economy struggling and the buy-back/no bid rates at Thoroughbred auctions rising, the issue of unwanted horses is a growing concern. Antony Beck, president of Gainesway Farm in Lexington, decided to try to do something about it, by... Read More

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Effort to Match Seized New York Horses, Owners Continues

October 30, 2008

Eight weeks after seizing 85 allegedly malnourished Thoroughbred horses from a Troupsburg, N.Y., breeding farm, authorities with the Finger Lakes Society for the Prevention of Cruelty to Animals (SPCA) are still trying to match the... Read More

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Keeneland November Breeding Stock Sale Starts Monday

October 30, 2008

Keeneland will open its 15-day November Thoroughbred Breeding Stock Sale--the largest of its kind in the world--on Monday, Nov. 3.

A record 5,709 horses have been cataloged for the sale, which runs through Monday, Nov. 17. Sessions begin... Read More

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Trail Horses Included in Resort Bankruptcy Auction

October 27, 2008

Operators of the Double JJ Resort and Ranch in Rothbury, Mich., are hopeful that the resort's 94 horses will find new homes when the company's assets are liquidated at bankruptcy auction on Oct. 30. Owners ceased operations on Sept. 3 after... Read More

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Readers Report Trends in This Year's Hay Market

October 21, 2008

More than 1,900 readers of TheHorse.com responded to a poll asking, "Have you purchased hay for the coming winter?"

Read More

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Motions Aims to Halt Curlin Sale

October 16, 2008

Although Keeneland has announced it has been retained to market the 20% minority interest in reigning Horse of the Year Curlin, a pending motion in a Kentucky court is asking for the current sale process to be halted.

Read More

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Buying at a Thoroughbred Auction

October 09, 2008

As investors in the housing market, stock market, and horse market are finding out, an economic downturn is a great time to find bargains. (Read more at "Sport Horse Enthusiasts Eye... Read More

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Sport Horse Enthusiasts Eye Thoroughbred Market

October 07, 2008

Tennessee equestrian and horse breeder Lisa Cook wanted a Thoroughbred mare to breed to her Thoroughbred stallion, but perceived high prices always prevented her from buying one at high profile auctions such as Kentucky's Keeneland sale. Bu... Read More

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Keeneland Yearling Buyers Utilize Steroid Tests

September 11, 2008

During the first two sessions of the 2008 Keeneland September yearling sale the Central Kentucky auction company reported 20 requests for testing for exogenous anabolic steroids.

There were six requests during the opening session Sept. 8 an... Read More

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Piroplasmosis Update: 20 Positive, Tracing Exposed Horses

September 10, 2008

Florida agriculture officials announced Sept. 8 that 20 horses have been confirmed positive for the foreign animal disease equine piroplasmosis, but even though this might sound... Read More

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Owner Turns Down $7.7 Million Bid on Yearling

September 09, 2008

Owner Michael Paulson said he bought back Azeri's first yearling in the hopes of retaining a portion of the A.P. Indy colt to race. Paulson bought back the yearling for $7.7 million during the opening session of the Keeneland September yearling sal... Read More