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#1
04-10-2008, 02:32 PM
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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...
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984. 
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#4
04-10-2008, 02:39 PM
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I wonder when he'll start to look at tracks. Of course, most don't make money so that eliminates that
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"but there's just no point in trying to predict when the narcissits finally figure out they aren't living in the most important time ever." hi im god quote
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#5
04-10-2008, 02:42 PM
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Synergy Investments Limited of Dubai.
Terrence Collier of Fasig on ATR at the top of the show with details....
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984.
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#6
04-10-2008, 02:47 PM
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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."
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#7
04-10-2008, 02:48 PM
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Quote:
They just forgot to tell you.
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#8
04-10-2008, 02:55 PM
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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.
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#9
04-10-2008, 03:07 PM
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Quote:
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#10
04-10-2008, 03:10 PM
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Quote:
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