American Pharoah’s Owner Zayat Files for Personal Bankruptcy
- Racehorse owner lists $19.4 million of liabilities in petition
- Zayat’s stables are reported insolvent in Chapter 7 filing
The owner of the Triple Crown-winning horse American Pharoah filed for personal bankruptcy protection, seeking to discharge more than $19 million of debts.
Ahmed Zayat’s Chapter 7 bankruptcy case, filed in New Jersey, lists around $1.9 million of assets and $19.4 million of liabilities, most of which are business obligations, court records show. Zayat’s stables are listed as insolvent in the papers filed Tuesday.