NEWS
Hurley’s Devil Eleven Farm scheduled for public auction
Posted: Monday, August 30, 2010 5:37 PM
PNC Bank has scheduled a public auction of Bobby Hurley’s Devil Eleven Farm in Ocala as part of a foreclosure settlement.
The bank is seeking to recover $3,306,214.11 in defaulted loans and fees that Hurley and his wife, Leslie, owed on a mortgage and a line of credit. The 140-acre farm is slated for auction on October 5.
According to the Lexington Herald-Leader, the settlement also involves another $900,000 loan that PNC had tried to resolve by attempting to seize Hurley’s 12 shares in Central Kentucky sire Songandaprayer.
Hurley, an All-American basketball player at Duke University who played six seasons in the National Basketball Association, bought Songandaprayer with his wife for $1-million during the 2000 Fasig-Tipton Calder select sale of two-year-olds in training. Songandaprayer won the 2001 Fountain of Youth Stakes (G1) and now stands at Walmac International in Lexington.
Hurley also raced six-time stakes winner Stream Cat and graded stakes winners Shooter and Praying for Cash in partnerships.
Hurley’s attorney, Brian Rich, told the newspaper that his client is finished with the Thoroughbred business. He is an assistant coach at Wagner College on Staten Island, New York.
