FLASH: Sh. Mo connected firm buys Fasig-Tipton
 

Still collecting details but an entity with connections to Darley and Sh. Mohammed have reportedly bought the Fasig-Tipton Sales Company for an undisclosed sum. More on ATR...

Wow ... then when he buys a horse at F-S - he gets the house commission, too! :)

I am just waiting for the Shiek to buy me

I wonder when he'll start to look at tracks. Of course, most don't make money so that eliminates that

Synergy Investments Limited of Dubai.

Terrence Collier of Fasig on ATR at the top of the show with details....

http://www.drf.com/news/article/93589.html


Dubai company to buy Fasig-Tipton
By MATT HEGARTY
Synergy Investments Ltd., a company associated with Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum, has reached an agreement to purchase Fasig-Tipton Company, the second-largest horse auction house in the U.S., Fasig-Tipton announced on Thursday.

According to a release, Synergy is owned by Abdullah al Habbai of Dubai. The release said that John Ferguson, a representative of Sheikh Mohammed, approached Fasig-Tipton about acquiring the company prior to the agreement being reached.

Terms of the sale were not disclosed.

Fasig-Tipton, which operates offices in Kentucky, Florida, New York, Maryland, and Texas, conducts a number of yearling, 2-year-old, horses-in-training, and broodmare sales throughout the year, and it also conducts auctions for stallion shares and nominations. The company trails only Keeneland among U.S. auction houses for sales by gross proceeds.

According to the release, controlling interest in Fasig-Tipton is currently held by John Hettinger. The existing staff and management of the company will be retained, according to Ferguson.

"Synergy looks forward to building on the legacy which the Hettinger family's support has enabled Fasig-Tipton to achieve," Ferguson said in the release.

Sheikh Mohammed has been one of the most high-profile purchasers of American racing and breeding stock for two decades.

D. G. Van Clief, the chairman of Fasig-Tipton, said in the release that the agreement includes an "understanding that Fasig-Tipton will be operated in a manner consistent with the principles of integrity, customer service, and industry service, which has been so critical to our success since controlling interest was obtained by the Hettinger family in 1991."

He already did.

They just forgot to tell you.

Boy how vague is this comment....

"understanding that Fasig-Tipton will be operated in a manner consistent with the principles of integrity, customer service, and industry service, which has been so critical to our success since controlling interest was obtained by the Hettinger family in 1991."

I really have no opinion on this. It makes sense to move money from point A to point B and then collect on all the other sales.

Which would explain the immediate downturn in his posting form around here of late.

I have just been getting warmed up for Arlington, that is all. I usually turn it on from about the end of April to September, extreme focus time