Selling a horse pre-Belmont
Poll
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| | 3 votes (42.85%) | ||
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| | 3 votes (42.85%) |
7 members have voted
(a) if you win the Belmont, the stud fees alone would be more than the sale or
(b) hedge and sell pre-Belmont, thus guaranteeing a large sum of money
Generally I would lean toward selling while keeping a minority percentage for myself.
The owners of CC were offered $6 million for 51 percent of the horse, before the Kentucky Derby. So that's a valuation of $12 million. If your horse won both the Derby and Preakness and looked good, you could probably get $40 million while still keeping a small stake for yourself. Big Brown's stud rights sold for $50 million the day after he won the Preakness: http://www.washingtonpost.com/wp-dyn/content/article/2008/05/17/AR2008051702731.html
Quote: FinsRuleI think once you've won the derby and Preakness, why bother? Buy 30 mil of injury protection, and you're good to go.
that is what I was thinking, plus..
1. these owners are already very rich
2. they are already going to make a fortune on stud fees with these 2 wins
3. they won a ton of money on the first 2 plus the other races they won
4. I think an owner would rather win a triple crown instead of having 20 million
California Chrome not for sale.
http://www.courier-journal.com/story/sports/columnists/sullivan/2014/05/02/sale-chromes-sign/8645775/
Quote: aceofspadesOK - if you owned a horse that won the Kentucky Derby and Preakness…would you sell prior to the Belmont knowing that:
(a) if you win the Belmont, the stud fees alone would be more than the sale or
(b) hedge and sell pre-Belmont, thus guaranteeing a large sum of money
Sell the horse, stallion rights, mother and the two full sisters. Trade the wives in ......and never, ever, buy another horse.
Chrome is a cheaply bred horse which will probably be revealed in the breeding shed. Spectacular Bid, my favorite race horse was cheaply bred and proved it as a stallion.
These folks will probably end up living with the horse as the owners of Seattle Slew did.....
What a great story!
I don't understand what cheaply bred and proving it as a stallion means.Quote: treetopbuddySell the horse, stallion rights, mother and the two full sisters. Trade the wives in ......and never, ever, buy another horse.
Chrome is a cheaply bred horse which will probably be revealed in the breeding shed. Spectacular Bid, my favorite race horse was cheaply bred and proved it as a stallion.
These folks will probably end up living with the horse as the owners of Seattle Slew did.....
What a great story!
He'll finish 2nd at the Belmont. Get 2 months off. Prep in October at SA. Win the BCC in November. Retire. They'll sell for 25 mil.
He does have 2 full sisters that they own, so no need to keep him.
Quote: onenickelmiracleI don't understand what cheaply bred and proving it as a stallion means.
He had bad lineage, and he never had any good kids.
I assumed but wasn't quite sure.Quote: FinsRuleHe had bad lineage, and he never had any good kids.
When offered 6 million for 51% of the horse, Coburn said "the answer wasn't just no, it was hell no"....he goes on to say, "they would be getting all the glory and not having put a dollar into the work"...continuing, "the guy that made us this offer, he has people who wash his feet for him, the offer came from somebody who never put a pair of boots on to go to work in the morning" and finally, "it (the offer) was kind of an insult to me" What the Fruita?
DAP......Dumb Ass Partners is a perfect name for the one horse stable. The hick was "insulted" by a generous 6 million dollar offer for 51% of the horse prior to Derby. So, I had to find out more about the owners and unfortunately I found out too much....low rent MoFo's.....now, I don't care what happens to the horse. The owners are genuine dumb asses.
Quote: treetopbuddyA few quotes from Coburn a co-owner in Chrome.
When offered 6 million for 51% of the horse, Coburn said "the answer wasn't just no, it was hell no"....he goes on to say, "they would be getting all the glory and not having put a dollar into the work"...continuing, "the guy that made us this offer, he has people who wash his feet for him, the offer came from somebody who never put a pair of boots on to go to work in the morning" and finally, "it (the offer) was kind of an insult to me" What the Fruita?
DAP......Dumb Ass Partners is a perfect name for the one horse stable. The hick was "insulted" by a generous 6 million dollar offer for 51% of the horse prior to Derby. So, I had to find out more about the owners and unfortunately I found out too much....low rent MoFo's.....now, I don't care what happens to the horse. The owners are genuine dumb asses.
I'm not sure if you knew this, but that offer was prior to SA Derby, not KY Derby.
But I agree with this. It shouldn't matter where the offer is coming from.
Quote: FinsRuleI'm not sure if you knew this, but that offer was prior to SA Derby, not KY Derby.
But I agree with this. It shouldn't matter where the offer is coming from.
You gigged me on that one FinsRule. Way to go! I didn't realize offer came in prior to Santa Anita Derby. That makes the offer even more generous. FinsRule, the Chihuahua that's always nipping at my ankles.
Quote: onenickelmiracleI get the idea if the owners advertise they want to sell, it lowers the value. Conversely, by playing uninterested, someone will offer more really wanting the horse.
The owners view the horse as their pet..... they won't sell him.
I find it admirable that a bunch of guys aren't just interested in the allmighty dollar and want to take this ride for as long and as far as it may take them......
When the horse is retired then they can think of either keeping all rights or syndicating his rights for rather large money. Who knows, perhaps they decide to breed with him themselves.......
They are obviously flying in the face of conventionalism as that is what has gotten them this far. I don't mind it as long as they don't turn into complete loons just for the sake of being "different".
Still one hell of a story for them.
Quote: treetopbuddyThe owners view the horse as their pet..... they won't sell him.
Having been around harness horses for way too long I can relate to that quote above.
Guy from the Windsor area 2 yr old colt paced a big mile on a half mile track and the offers flowed in
One was for $400,000 ( confirmed by a friend who knows the owner well) the answer was horse was not for sale....as the buddy says they are family to the wife and if he sold one of them he would be sleeping in the guests room for a long long time
Horse never made $400,000 its whole career and that would be before expenses
Quote: treetopbuddyA few quotes from Coburn a co-owner in Chrome.
When offered 6 million for 51% of the horse, Coburn said "the answer wasn't just no, it was hell no"....he goes on to say, "they would be getting all the glory and not having put a dollar into the work"...continuing, "the guy that made us this offer, he has people who wash his feet for him, the offer came from somebody who never put a pair of boots on to go to work in the morning" and finally, "it (the offer) was kind of an insult to me" What the Fruita?
DAP......Dumb Ass Partners is a perfect name for the one horse stable. The hick was "insulted" by a generous 6 million dollar offer for 51% of the horse prior to Derby. So, I had to find out more about the owners and unfortunately I found out too much....low rent MoFo's.....now, I don't care what happens to the horse. The owners are genuine dumb asses.
Had the offer been for 49.9% (non controlling ownership) I think they would have taken it
Quote: coilmanHad the offer been for 49.9% (non controlling ownership) I think they would have taken it
That would have been an extremely smart offer.
Quote: coilmanHad the offer been for 49.9% (non controlling ownership) I think they would have taken it
When you write a 6 million dollar check, your silks go with the horse. Rich dudes don't play second fiddle.
Eleven horses have won the Triple Crown.....that's 25,000 x 138 foal crops or approximately 3.5 million horses born with a dream attached to them.....this bunch is claiming they knew he was special when they saw him the day after he was foaled. What the Fruita? The farm manager who raised the horse claimed that he saw nothing remarkable about Chrome.
6 million is really like turning down 1.5 million. 6 mil divided twice. Once by partnership and again by taxes.
These clowns lost me as a fan when they played the class envy card.
Quote: treetopbuddyA few quotes from Coburn a co-owner in Chrome.
When offered 6 million for 51% of the horse, Coburn said "the answer wasn't just no, it was hell no"....he goes on to say, "they would be getting all the glory and not having put a dollar into the work"...continuing, "the guy that made us this offer, he has people who wash his feet for him, the offer came from somebody who never put a pair of boots on to go to work in the morning" and finally, "it (the offer) was kind of an insult to me" What the Fruita?
DAP......Dumb Ass Partners is a perfect name for the one horse stable. The hick was "insulted" by a generous 6 million dollar offer for 51% of the horse prior to Derby. So, I had to find out more about the owners and unfortunately I found out too much....low rent MoFo's.....now, I don't care what happens to the horse. The owners are genuine dumb asses.
generous offer?....ARE YOU KIDDING? It was just a rich guy that is trying to buy what he wants on the cheap thinking that the middle class dude would think like you and grab the money which was a clear underpay while at the same time giving up the rights to have a say in the fate of the horse after the triple crown bid.
A guy wants to buy the glory of owning a derby winner, and the glory of going for the tripler crown.....and the owner wont grab the money and say thank you sir.
The owner works for a small company of 13 people that puts magnetic strips on credit cards......and he scraped together some money to buy a horse for 10k and all the expenses surrounding upkeep.....and he has a horse that can bring him50 million over time....and he is gonna sell half for 6 mil? THE prospective purchacer was counting on people to feel like you do....oh my..6 mil.......But the owner saw thru that....saw the offer was way cheap and an insult...as if the common man would really have to take that money or be deemed crazy.
He turned it around....he wasnt the crazy one.....he lets us know he would be crazy to accept such an offer.
Quote: LarrySgenerous offer?....ARE YOU KIDDING? It was just a rich guy that is trying to buy what he wants on the cheap thinking that the middle class dude would think like you and grab the money which was a clear underpay while at the same time giving up the rights to have a say in the fate of the horse after the triple crown bid.
A guy wants to buy the glory of owning a derby winner, and the glory of going for the tripler crown.....and the owner wont grab the money and say thank you sir.
The owner works for a small company of 13 people that puts magnetic strips on credit cards......and he scraped together some money to buy a horse for 10k and all the expenses surrounding upkeep.....and he has a horse that can bring him50 million over time....and he is gonna sell half for 6 mil? THE prospective purchacer was counting on people to feel like you do....oh my..6 mil.......But the owner saw thru that....saw the offer was way cheap and an insult...as if the common man would really have to take that money or be deemed crazy.
He turned it around....he wasnt the crazy one.....he lets us know he would be crazy to accept such an offer.
In the spirit of Beethoven9th.....*facepalm* ....lol and :-(). Are you kidding me.....you have no clue as to what your talking about....
I'm headed to the other horse racing thread to clean up you mess
Quote: treetopbuddyIn the spirit of Beethoven9th.....*facepalm* ....lol and :-(). Are you kidding me.....you have no clue as to what your talking about....
I'm headed to the other horse racing thread to clean up you mess
Thanks TTB. I gave up.
Quote: FinsRuleThey'll sell after CC wins the Breeders' Cup Classic this year.
He'll finish 2nd at the Belmont. Get 2 months off. Prep in October at SA. Win the BCC in November. Retire. They'll sell for 25 mil.
He does have 2 full sisters that they own, so no need to keep him.[/]
Facepalm to the 10 the power......lolEach day is better than the next
Quote: treetopbuddyIn the spirit of Beethoven9th.....*facepalm* ....lol and :-(). Are you kidding me.....you have no clue as to what your talking about....
I'm headed to the other horse racing thread to clean up you mess
an educated response is not "facepalm"....it involves a cogent argument ,,,,which you obviously do not have.
Thats ok.... while I have a net of 1100 in my pocket from the Derby...you sit home and play with yourself and muse about what might be a good bet if you could must up a few dollars.
as usual nothing there.....just hot wind.
yes you go and clean things up....you are the boards janitor....you go boy
you are the guy that got thrown off for 30 days for being brave enough to "bully via PM"......WOW what a brave soul.
big talker.....big expert......
again for someone who has no clue.....I have the ability to come away with consistant wins when I do bet.
dont hurt yourself hitting your head with your palm...there seems to be a soft spot in your skull.
Quote: LarryS
Thats ok.... while I have a net of 1100 in my pocket from the Derby...you sit home and play with yourself and muse about what might be a good bet if you could must up a few dollars.
as usual nothing there.....just hot wind..
Lol.....1100 wow, your the man. That's not even walk around money. I'd be embarrassed to proclaim I won 1100 stinking dollars. You little hot head.....lol
Quote: LarrySan educated response is not "facepalm"....it involves a cogent argument ,,,,which you obviously do not have.
Thats ok.... while I have a net of 1100 in my pocket from the Derby...you sit home and play with yourself and muse about what might be a good bet if you could must up a few dollars.
as usual nothing there.....just hot wind.
yes you go and clean things up....you are the boards janitor....you go boy
you are the guy that got thrown off for 30 days for being brave enough to "bully via PM"......WOW what a brave soul.
big talker.....big expert......
again for someone who has no clue.....I have the ability to come away with consistant wins when I do bet.
dont hurt yourself hitting your head with your palm...there seems to be a soft spot in your skull.
That didn't take long.
30 Days, Personal Insult.
Quote: LarrySan educated response is not "facepalm"....it involves a cogent argument ,,,,which you obviously do not have.
Thats ok.... while I have a net of 1100 in my pocket from the Derby...you sit home and play with yourself and muse about what might be a good bet if you could must up a few dollars.
as usual nothing there.....just hot wind.
yes you go and clean things up....you are the boards janitor....you go boy
you are the guy that got thrown off for 30 days for being brave enough to "bully via PM"......WOW what a brave soul.
big talker.....big expert......
again for someone who has no clue.....I have the ability to come away with consistant wins when I do bet.
dont hurt yourself hitting your head with your palm...there seems to be a soft spot in your skull.
Well, if you're gonna go out, go out with a BANG!
I don't see the goofy owners selling the horse. It's their pet.....I can't blame them....I get it... I'm just waiting for the connections to say just once....'we're just lucky bastards' but that's not going to happen. According to these **************** they planned the whole thing......what a joke.
Quote: treetopbuddyChrome's value is not going to change appreciably from this point out. He's won three grade one stake races and has proven to be a very nice racehorse. A Belmont win will bump his value a little. He's a racehorse not a breeding horse. Ninety five percent of horses with his pedigree would have had their balls cut off and thrown on the shed row roof before the horse began any serious training. Stallions can be a real pain in ass in the racing environment. I have scars to prove it.....
I don't see the goofy owners selling the horse. It's their pet.....I can't blame them....I get it... I'm just waiting for the connections to say just once....'we're just lucky bastards' but that's not going to happen. According to these **************** they planned the whole thing......what a joke.
You are right about his price but I have a feeling these guys will keep him as you said and breed with him on their own. This is the kind of pattern they have followed with this horse from the beginning. They surely don't care about the money at this point so why not take the entire ride?
Also you have to be humungously, stupidly, unbelievably, rediculously lucky to do what they have done. If they don't admit to at the very least that, then I will also loose all respect for them.
Up until now I like them as they dance to their own tune and nobody elses!
+1Quote: TomspurYou are right about his price but I have a feeling these guys will keep him as you said and breed with him on their own. This is the kind of pattern they have followed with this horse from the beginning. They surely don't care about the money at this point so why not take the entire ride?
Also you have to be humungously, stupidly, unbelievably, rediculously lucky to do what they have done. If they don't admit to at the very least that, then I will also loose all respect for them.
Up until now I like them as they dance to their own tune and nobody elses!
I say they sell after chrome wins breeders in November.
Quote: treetopbuddyChrome's value is not going to change appreciably from this point out. He's won three grade one stake races and has proven to be a very nice racehorse. A Belmont win will bump his value a little. He's a racehorse not a breeding horse. Ninety five percent of horses with his pedigree would have had their balls cut off and thrown on the shed row roof before the horse began any serious training. Stallions can be a real pain in ass in the racing environment. I have scars to prove it.....
I don't see the goofy owners selling the horse. It's their pet.....I can't blame them....I get it... I'm just waiting for the connections to say just once....'we're just lucky bastards' but that's not going to happen. According to these **************** they planned the whole thing......what a joke.
ttb,
I met the folks who own/train Handsome Jack Flash, who won at Santa Anita (some premiere race they hold million dollar purse or something, pardon my ignorance of the sport) last October; played UTH the whole night with them after the race (was within the past week or something) and they were exactly that type of people. "We're just lucky bastards"..."had no idea what we had; he was gelded immediately"...."this is only our third horse; he's my wife's, really, and her sister"...."Don't think we'll ever sell; he's family". Couldn't have been nicer or more aware that they had simply fallen into it. So there's still some out there.
Coburn (part owner) has made some ridiculous comments.....whatever. The other owner is quiet and apparently wrote THE book on failure analysis. Something like that....
Winning the Kentucky Derby is like catching lightning in a bottle. They say....."Derby horses come to you"', a truth that is completly lost on this bunch.
Quote: Sabretom2Careful TTB, your envy is showing.
Nope, I've never been envious of someone's success. I'm simply saying Chrome's connections are delusional. Randy Moss, commentator on NBC coverage of the Preakness inferred the same.....the folks are clueless. They are the embodiment of the phrase.....dumb luck.
