Kentucky Derby Co-Owner Figure in Stevens Corruption Case

Glenn PettyAnalyst IMay 4, 2009

As if horse racing needs more controversy, now a newspaper in Alaska is pointing out that Mine That Bird’s co-owner Mark Allen was involved in the corruption case that led to the resignation of Alaska Senator Ted Stevens.

The article suggests that Allen dodged a bullet when his father, Bill Allen, was under fire for questionable dealings in Alaska and that, ultimately, it was the sale of the senior Allen's company (Veco) that generated the cash that allowed the younger Allen to pony up half of $400,000 to buy Mine That Bird.

Is the black hat just a coincidence?

According to the Anchorage Daily News:

"If it weren't for the plea deal that his dad, former Veco chief executive Bill Allen, made with federal prosecutors, Mark Allen might not have been in the winner's circle Saturday at the Kentucky Derby, celebrating the victory of his thoroughbred Mine That Bird and a $2 million purse."

To read the entire story, click here.

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