King of the World's latest aquisition

[girly]

Fasig-Tipton sold to Dubai company
Thursday, April 10, 2008
The Associated Press


Text Size: A | A | A
A company from Dubai has reached an agreement to acquire Fasig-Tipton Co. Inc., the oldest thoroughbred auction company in North America.

Synergy Investments Ltd. will take over the company, which holds an annual yearling auction in Saratoga Springs, as well as other auctions in Kentucky, New York, Maryland, Florida and Texas.

Abdulla Al Habbai, a close associate of Dubai ruler Sheikh Mohammed, controls Synergy. The sheikh has been a prominent player in North American thoroughbred auctions, including placing numerous multimillion dollar bids at rival Lexington auction house Keeneland.

Fasig-Tipton was founded in 1898.

[Chuckles_the_Clown2]

Oh hell why not?

They buy all our best horses, let them have the auction house.

We sent all our manufacturing jobs to Mexico and China...Maybe we can buy our horses from Dubai one day.


girly Wrote:
-------------------------------------------------------
> Fasig-Tipton sold to Dubai company
> Thursday, April 10, 2008
> The Associated Press
>
>
> Text Size: A | A | A
> A company from Dubai has reached an agreement to
> acquire Fasig-Tipton Co. Inc., the oldest
> thoroughbred auction company in North America.
>
> Synergy Investments Ltd. will take over the
> company, which holds an annual yearling auction in
> Saratoga Springs, as well as other auctions in
> Kentucky, New York, Maryland, Florida and Texas.
>
> Abdulla Al Habbai, a close associate of Dubai
> ruler Sheikh Mohammed, controls Synergy. The
> sheikh has been a prominent player in North
> American thoroughbred auctions, including placing
> numerous multimillion dollar bids at rival
> Lexington auction house Keeneland.
>
> Fasig-Tipton was founded in 1898.

[Frost King]

Is this not a conflict of interest? Why would Coolmore buy any horses from this sale or anybody else? You will be feeding money to these people, and in turn, they will be purchasing their horses with your money. Does not make any sense to me.

[Eight Belles]

Frost King Wrote:
-------------------------------------------------------
> Is this not a conflict of interest? Why would
> Coolmore buy any horses from this sale or anybody
> else? You will be feeding money to these people,
> and in turn, they will be purchasing their horses
> with your money. Does not make any sense to me.

Consignors/sellers go where they think the money will be.  The money follows the good horses.  Fasig-Tipton could\'ve put up the numbers that Keeneland put up if they could\'ve just convinced consignors/sellers that if they send their horses to them, the money would follow.  Well, the Sheikh as much as owns Fasig now, so the consignors/sellers know the money will be there now.

Keeneland has to be sweating bullets.  They\'ve been able to rest on their laurels for years.  Fasig\'s about to have a huge influx of money and clout, and they already beat Keeneland in customer service and expertise.  In addition, they have a far superior sales facility.  

It\'s a new day in the N. American sales industry, and I can\'t foresee any way Fasig-Tipton doesn\'t move very quickly into the title of most most elite sales company. I don\'t know if I like or don\'t like this, it all depends on what this new entity does for racing.

[girly]

At least maybe they\'ll have a horse for sale that\'s not medicated or steroid out in the future -I can only hope

[richiebee]

girly Wrote:
-------------------------------------------------------
> Fasig-Tipton sold to Dubai company
> Thursday, April 10, 2008
> The Associated Press
>
>
 
> A company from Dubai has reached an agreement to
> acquire Fasig-Tipton Co. Inc., the oldest
> thoroughbred auction company in North America.
>
> Synergy Investments Ltd. will take over the
> company, which holds an annual yearling auction in
> Saratoga Springs, as well as other auctions in
> Kentucky, New York, Maryland, Florida and Texas.
>
> Abdulla Al Habbai, a close associate of Dubai
> ruler Sheikh Mohammed, controls Synergy. The
> sheikh has been a prominent player in North
> American thoroughbred auctions, including placing
> numerous multimillion dollar bids at rival
> Lexington auction house Keeneland.
>
> Fasig-Tipton was founded in 1898.

I would like to see the Sheikh become a more \"prominent player\".

I would like to see Sheikh Mo get involved in American race track ownership/
management.

More selfishly,I would like to see Sheikh Mo buy the NY tracks. The long term
agreement between NYRA and NY\'s disgraced Governor is a blueprint for stagnation
and eventual failure.

The Sheikh has passion for horses and horse racing. Perhaps more importantly
he has cash in enormous quantities and no shareholders to answer to.