|
|
  Whack and Roll
Posts: 6342
   
Location: NE Texas | ksjackofalltrades - 2014-03-17 10:59 AM Well I know one person that would more than likely buy him and definelty has the funds to do it. Throw in the money that could be generated from cloning, he will bring big bucks. But the 90% owner will get 90% of the proceeds and will probably have to pay taxes on that.
The 10% owner should have been getting a share of the winnings. If Latte wins 300k in a year then they would be required to pay 30k to the 10% owner I am assuming. I'm sure if the 10% owner would have probably been happy to get that, but I'm just guessing that.
So do we really think that the 10% has been getting paid her share of the winnings and is just being greedy? If I were the 10% owner and was getting paid 10% I think I would have been happy to just collect my royalties. It kinda looks like maybe the 10% owner hasn't been getting her 10% of the winnings.
Nailed it.... |
|
| |
|
Veteran
Posts: 247
Location: Red Oak, Texas 75154 | If you have an opinion ,want to state facts, rumors, say hateful lies, please use your real name and not hide behind an alias. Really, if you want to stir the pot quit hiding behind a fake name. |
|
| |
|
Expert
Posts: 1956
Location: Ky | All emotions have to set aside now that it's in the courts. This is a legal proceeding now. I don't know what was in the contract and I doubt anyone posting here does either.
All contracts are covenants of good faith. Without good faith there can be no contract. Obviously when involving an animal and it getting this far there has been accusations of bad faith by one or both parties. You don't have to be a lawyer to make that leap. If it was a simply a contractural interpretation problem it would already be handled.
They should handle it before the auction or they will most likley both get a result they don't want or like.
It may be past the point of level headed mitigation? |
|
| |
|
 Cute Little Imp
Posts: 2747
Location: N Texas | What I find a little funny is how so many people feel sorry for the horse, like he's a kid in the middle of a messy divorce. Latte has not one clue about anything going on. Do you really think he's going to be broken hearted if he has a new home and new owner/rider? Horses get sold/traded/leased all the time without a single thought to the horse's "feelings".
Just my thoughts  |
|
| |
|
 Proud to be Deplorable
Posts: 1929
| ksjackofalltrades - 2014-03-17 10:59 AM
Well I know one person that would more than likely buy him and definelty has the funds to do it. Throw in the money that could be generated from cloning, he will bring big bucks. But the 90% owner will get 90% of the proceeds and will probably have to pay taxes on that.
The 10% owner should have been getting a share of the winnings. If Latte wins 300k in a year then they would be required to pay 30k to the 10% owner I am assuming. I'm sure if the 10% owner would have probably been happy to get that, but I'm just guessing that.
So do we really think that the 10% has been getting paid her share of the winnings and is just being greedy? If I were the 10% owner and was getting paid 10% I think I would have been happy to just collect my royalties. It kinda looks like maybe the 10% owner hasn't been getting her 10% of the winnings.
That brings up another question...what is 10% before expenses or after? Big difference. |
|
| |
|
BHW's Simon Cowell
Location: The Saudia Arabia of Wind Energy, Western Oklahoma | jbhoot - 2014-03-17 11:08 AM ksjackofalltrades - 2014-03-17 10:59 AM Well I know one person that would more than likely buy him and definelty has the funds to do it. Throw in the money that could be generated from cloning, he will bring big bucks. But the 90% owner will get 90% of the proceeds and will probably have to pay taxes on that.
The 10% owner should have been getting a share of the winnings. If Latte wins 300k in a year then they would be required to pay 30k to the 10% owner I am assuming. I'm sure if the 10% owner would have probably been happy to get that, but I'm just guessing that.
So do we really think that the 10% has been getting paid her share of the winnings and is just being greedy? If I were the 10% owner and was getting paid 10% I think I would have been happy to just collect my royalties. It kinda looks like maybe the 10% owner hasn't been getting her 10% of the winnings. That brings up another question...what is 10% before expenses or after? Big difference.
Edited by ksjackofalltrades 2014-03-17 11:16 AM
|
|
| |
|
 Accident Prone
Posts: 22277
Location: 100 miles from Nowhere, AR | Gunner11 - 2014-03-17 11:07 AM What I find a little funny is how so many people feel sorry for the horse, like he's a kid in the middle of a messy divorce. Latte has not one clue about anything going on. Do you really think he's going to be broken hearted if he has a new home and new owner/rider? Horses get sold/traded/leased all the time without a single thought to the horse's "feelings". Just my thoughts
Do you really think horses don't care? Well, maybe some don't, but some certainly do. They are property, and that's fine to treat them as such, but that doesn't mean we can't feel bad for them having their lives turned upside down because of decisions that are made for them. I hope he ends up in a place where he is well cared for and well-ridden...because we all know that money paid is no guarantee of either. |
|
| |
|
Veteran
Posts: 220
| Good point. Anyone that can spend the money to buy him probably has a mansion for a barn. When you spend that kind of money on a horse it isnt to send him to the killers or abuse him.
Edited by Firemanswife 2014-03-17 11:19 AM
|
|
| |
|
Proud to be Deplorable
Posts: 1929
| ksjackofalltrades - 2014-03-17 11:12 AM
jbhoot - 2014-03-17 11:08 AM ksjackofalltrades - 2014-03-17 10:59 AM Well I know one person that would more than likely buy him and definelty has the funds to do it. Throw in the money that could be generated from cloning, he will bring big bucks. But the 90% owner will get 90% of the proceeds and will probably have to pay taxes on that.
The 10% owner should have been getting a share of the winnings. If Latte wins 300k in a year then they would be required to pay 30k to the 10% owner I am assuming. I'm sure if the 10% owner would have probably been happy to get that, but I'm just guessing that.
So do we really think that the 10% has been getting paid her share of the winnings and is just being greedy? If I were the 10% owner and was getting paid 10% I think I would have been happy to just collect my royalties. It kinda looks like maybe the 10% owner hasn't been getting her 10% of the winnings. That brings up another question...what is 10% before expenses or after? Big difference. No doubt and one would think if they had a lawyer draw up the deal, which they obviously did, that would be considered. On the expenses though, what would be included on that? The winnings could be wiped out pretty quick if you started subtracting high dollar rigs to get down the road.
Even if you take out the cost of rigs the cost to run for the NFR are huge...I have always wondered if there is any profit in it. |
|
| |
|
Tried and True
Posts: 21185
Location: Where I am happiest | Firemanswife - 2014-03-17 11:13 AM Good point. Anyone that can spend the money to buy him probably has a mansion for a barn. When you spend that kind of money on a horse it isnt to send him to the killers or abuse him. Abuse comes in many forms and lets be realistic here. ALOT of barrel raers can and are quite brutal and unfortunatelly, it seems the higher dollar horses that maybe dont quite perform for the new owner to the level of the past owner/rider are brutalized even more because they have all that money layed out there and the horse isnt re-couping it to their expectations.
Edited by ThreeCorners 2014-03-17 11:28 AM
|
|
| |
|
 The Original Cyber Bartender
Location: Washington | Hope we all are learning from this.
|
|
| |
|
Cute Little Imp
Posts: 2747
Location: N Texas | Three 4 Luck - 2014-03-17 11:13 AM
Gunner11 - 2014-03-17 11:07 AM What I find a little funny is how so many people feel sorry for the horse, like he's a kid in the middle of a messy divorce. Latte has not one clue about anything going on. Do you really think he's going to be broken hearted if he has a new home and new owner/rider? Horses get sold/traded/leased all the time without a single thought to the horse's "feelings". Just my thoughts
I absolutely think horses care...to an extent. Just not at the same level as people. As long as he's getting fed every day and has a nice place to live, I don't think he's going to be crushed :)
My point in why I find it interesting is that people feel bad about him because he's so famous and people like him and his story. Whenever anyone posts on here about selling their horses, NO ONE jumps in and says "you can't sell them because you're going to turn their world upside down and they're going to be sad". I just find it ironic.
|
|
| |
|
Tried and True
Posts: 21185
Location: Where I am happiest | Gunner11 - 2014-03-17 11:28 AM Three 4 Luck - 2014-03-17 11:13 AM Gunner11 - 2014-03-17 11:07 AM What I find a little funny is how so many people feel sorry for the horse, like he's a kid in the middle of a messy divorce. Latte has not one clue about anything going on. Do you really think he's going to be broken hearted if he has a new home and new owner/rider? Horses get sold/traded/leased all the time without a single thought to the horse's "feelings". Just my thoughts I absolutely think horses care...to an extent. Just not at the same level as people. As long as he's getting fed every day and has a nice place to live, I don't think he's going to be crushed : ) My point in why I find it interesting is that people feel bad about him because he's so famous and people like him and his story. Whenever anyone posts on here about selling their horses, NO ONE jumps in and says "you can't sell them because you're going to turn their world upside down and they're going to be sad". I just find it ironic.
Yet thats why alot of people do not sell horses. |
|
| |
|
Grammar Expert
| ForumAdmin - 2014-03-17 9:35 AM No slandering will be allowed.
This thread is on thin ice. If it gets ugly again it goes.
I really don't think you fully understand what slander is or is not. No one has been slandered here, no one. And for those that think hateful things have been said - really? Hateful? You need to get out more, I think this thread has been very careful about everything that has been said.
THIS is just why I don't come here much any longer - treated like children. |
|
| |
|
Accident Prone
Posts: 22277
Location: 100 miles from Nowhere, AR | Gunner11 - 2014-03-17 11:28 AM Three 4 Luck - 2014-03-17 11:13 AM Gunner11 - 2014-03-17 11:07 AM What I find a little funny is how so many people feel sorry for the horse, like he's a kid in the middle of a messy divorce. Latte has not one clue about anything going on. Do you really think he's going to be broken hearted if he has a new home and new owner/rider? Horses get sold/traded/leased all the time without a single thought to the horse's "feelings". Just my thoughts I absolutely think horses care...to an extent. Just not at the same level as people. As long as he's getting fed every day and has a nice place to live, I don't think he's going to be crushed : ) My point in why I find it interesting is that people feel bad about him because he's so famous and people like him and his story. Whenever anyone posts on here about selling their horses, NO ONE jumps in and says "you can't sell them because you're going to turn their world upside down and they're going to be sad". I just find it ironic.
Crap, nobody said he or any other horse shouldn't be sold. By saying the horse is the only victim or whatever, the point is being made that the PEOPLE in question made their own beds and now must lie in them. Any compassion I personally feel is for the one who had no say in the deal.
Aside from that, most of us try to get our horses we care about into the right hands, and then have to live with the guilt if it goes bad, or get to feel warm fuzzies if it goes good. Selling to the highest bidder takes away that control. |
|
| |
|
Veteran
Posts: 220
| Touche. |
|
| |
|
 Expert
Posts: 1384
Location: Kansas | smiley - 2014-03-17 11:33 AM ForumAdmin - 2014-03-17 9:35 AM No slandering will be allowed.
This thread is on thin ice. If it gets ugly again it goes.
I really don't think you fully understand what slander is or is not. No one has been slandered here, no one. And for those that think hateful things have been said - really? Hateful? You need to get out more, I think this thread has been very careful about everything that has been said.
THIS is just why I don't come here much any longer - treated like children.
Slander is spoken and libel is written.
|
|
| |
|
 Warmblood with Wings
Posts: 27846
Location: Florida.. | Keep it classy I think it means.
no personal trash talk. |
|
| |
|
 Maine-iac
Posts: 3334
Location: Got Lobsta? | I can't believe I read all 10 pages without walking away. |
|
| |
|
 The best bad guy on the internet
Posts: 3519
Location: Arizona | I bet the Brazilian's will be snatching him up!! |
|
| |
Folks on-line