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The Advice Guru
Posts: 6419
  
| I don't know why another barrel racer would want to buy Latte, as Mary's fan base is huge one can only imagine the repercussions of owning and competing on Latte, instead of giving/letting Mary Walker run him. |
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 Chasin my Dream
Posts: 13651
  
Location: Alberta |  .....and so we wait for March 27....which will likely light up BHW, Twitter & Facebook more then the NFR.... |
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Extreme Veteran
Posts: 591
| Emotion aside, I don't get why Mary should just get him? He is in a PUBLIC auction. When they sell a house or a car at public auction the person that lived in the house or owned the car doesn't just get to buy it for cheap because of their memories they have with the house or car. If I have only paid off 90% of my car the bank still owns 10%. And they don't factor in all the maintenance I have put into it - oil changes, tires, etc. The bank doesn't care that I've spent $X.XX maintaining the car. But because it's a horse suddenly emotions become a more relevant factor, or we believe they should be.
Yes your heart wants to side with Mary because we have all heard her story and it is amazing she was able to ride again and win big. But Cheri also did a lot of the work to get Latte to where he is today. Mary didn't train him, but she did get him to the next level of his career. This is possibly why a judge had to get involved to look objectively at the facts of the case and reach a solution to solve it. It really sounds like a bad situation for both sides, but I guess it is a good reason why you should just buy a horse outright or if you don't, pay them off ASAP. Obviously both sides have some fault somewhere otherwise I don't think the situation would be this far down the road. |
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  More bootie than waist!
Posts: 18425
Location: Riding Crackhead. | CYA Ranch - 2014-03-17 9:13 AM We've only heard from one of the parties in this matter and I'll be the first to say I don't know squat about the situation except for what I've read online......BUT. In my mind, if there's a contract or agreement and all parties involved respected that said contract or agreement, there wouldn't be a court ordered auction going on next week.
I'm bumping my thoughts up just because I can.  |
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 Whack and Roll
Posts: 6342
Location: NE Texas | 3 To Go - 2014-03-17 6:31 PM Emotion aside, I don't get why Mary should just get him? He is in a PUBLIC auction. When they sell a house or a car at public auction the person that lived in the house or owned the car doesn't just get to buy it for cheap because of their memories they have with the house or car. If I have only paid off 90% of my car the bank still owns 10%. And they don't factor in all the maintenance I have put into it - oil changes, tires, etc. The bank doesn't care that I've spent $X.XX maintaining the car. But because it's a horse suddenly emotions become a more relevant factor, or we believe they should be. Yes your heart wants to side with Mary because we have all heard her story and it is amazing she was able to ride again and win big. But Cheri also did a lot of the work to get Latte to where he is today. Mary didn't train him, but she did get him to the next level of his career. This is possibly why a judge had to get involved to look objectively at the facts of the case and reach a solution to solve it. It really sounds like a bad situation for both sides, but I guess it is a good reason why you should just buy a horse outright or if you don't, pay them off ASAP. Obviously both sides have some fault somewhere otherwise I don't think the situation would be this far down the road.
 
Edited by Herbie 2014-03-17 6:53 PM
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 Horsezips Number One Fan
Posts: 3519
Location: on a horse | loflin06 - 2014-03-16 10:25 PM
For the record here let's get a few facts straight:
Latte was purchased by the Walkers from the Cogburns for $120,000 and they own 90% of Lattle. Cogburns retained 10% interest in him. He was paid IN FULL at the time of the sale. He is going up for auction to determine his value not because there is money owed by the Walkers. At this time there are two separate cases pending to determine if Walkers owe Cogburns or Cogburns owe Walkers. This is a very complicated situation and sadly as a result of the high profile of this amazing team rumors and lies have been spread like wild fire.
When Latte was purchased for Mary to help ease the pain of the unimaginable loss of her son he simply had less the $1,500 in equistat earnings to he resume. Mary and Latte have a bond and an amazing partnership! As anyone on here knows, the bond between a horse and rider runs deep. Loosing Latte would be devastating to say the least. Let's all be respectful of her situation and stick to the facts.
And the reason he is have to be "sold" is legally when you have an LLC and one partner wants out, the other partner can't buy them out, it has to go up for public auction. At least in TX |
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 Dancing in my Mind
Posts: 3062
Location: Eastern OH but my heart is in WV | Just Plain Lucky - 2014-03-17 3:52 PM
The only people who know what happened/what's happening are those directly involved. I hope it gets sorted out and that everything will be ok in the end. I don't think all the speculation and bickering is going to do anything...
Well said!!! Myself, personally, Mary and Latte are my favorite team to watch. I love that horse and Mary appears to be a class act. I just hope everything works out for the best, for everyone involved, when all the smoke clears. |
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 Saint Stacey
| BamaCanChaser - 2014-03-17 5:13 PM
SKM - 2014-03-17 6:06 PM
I seriously doubt if someone with funds like what Jud Little or the Schiller's have that Walkers will be able to retain ownership of Latte, JMHO.
Serious question, do the Schiller's or Jud Little ever invest in something other than mares and stallions? Would they bother putting up this kind of cash for a gelding?
I have no idea. It was simply an example of names in the barrel horse industry with large amounts of funds at their disposal should they decide they want the horse. |
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 The Original Cyber Bartender
Location: Washington | 3 To Go - 2014-03-17 4:31 PM Emotion aside, I don't get why Mary should just get him? He is in a PUBLIC auction. When they sell a house or a car at public auction the person that lived in the house or owned the car doesn't just get to buy it for cheap because of their memories they have with the house or car. If I have only paid off 90% of my car the bank still owns 10%. And they don't factor in all the maintenance I have put into it - oil changes, tires, etc. The bank doesn't care that I've spent $X.XX maintaining the car. But because it's a horse suddenly emotions become a more relevant factor, or we believe they should be. Yes your heart wants to side with Mary because we have all heard her story and it is amazing she was able to ride again and win big. But Cheri also did a lot of the work to get Latte to where he is today. Mary didn't train him, but she did get him to the next level of his career. This is possibly why a judge had to get involved to look objectively at the facts of the case and reach a solution to solve it. It really sounds like a bad situation for both sides, but I guess it is a good reason why you should just buy a horse outright or if you don't, pay them off ASAP. Obviously both sides have some fault somewhere otherwise I don't think the situation would be this far down the road.
This makes my head spin. In a very negative way. The court may see it this simplistic, hope the masses here do not.
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 Shelter Dog Lover
Posts: 10277
| 3 To Go - 2014-03-17 6:31 PM Emotion aside, I don't get why Mary should just get him? He is in a PUBLIC auction. When they sell a house or a car at public auction the person that lived in the house or owned the car doesn't just get to buy it for cheap because of their memories they have with the house or car. If I have only paid off 90% of my car the bank still owns 10%. And they don't factor in all the maintenance I have put into it - oil changes, tires, etc. The bank doesn't care that I've spent $X.XX maintaining the car. But because it's a horse suddenly emotions become a more relevant factor, or we believe they should be. Yes your heart wants to side with Mary because we have all heard her story and it is amazing she was able to ride again and win big. But Cheri also did a lot of the work to get Latte to where he is today. Mary didn't train him, but she did get him to the next level of his career. This is possibly why a judge had to get involved to look objectively at the facts of the case and reach a solution to solve it. It really sounds like a bad situation for both sides, but I guess it is a good reason why you should just buy a horse outright or if you don't, pay them off ASAP. Obviously both sides have some fault somewhere otherwise I don't think the situation would be this far down the road.
I agree. I wonder if the auction is a result of a previous judgment that could not be collected so they ended up back in court and judged ordered the auction. Most litigation is an extended drawn out affair, we may just be in on the last chapter. Mary and Latte were and are an amazing team. It is a sad twist to an inspirational story. If it comes to pass that they lose Latte because of their own actions you just have to shake your head and wonder about the decisions people make. If they lose Latte just because it is a poorly writtten contract and a convuluted mess then that is just sad. |
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Tried and True
Posts: 21185
Location: Where I am happiest | Latte had no rodeo earnings when he came into Walkers life. That was "The next level" of his career and why he was sent to Mary in the first place. So she could ride and season him to the rodeo world so yes, his equistat earnings would be correct when Walkers baught him.
I also dont know where the $120,000 price tag came from. My husband heard Mary say $30,000 was the purchase price when they bought him.
Latte was NOT the horse then that he is now. |
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| Thr fact that so many people assume the best about the Walkers because they're World Champions and assume the worst of the Cogburns because they don't know who Cheri is is proof how terribly distorted this world is. I live in the general area of both parties though I didn't grow up here. I am not on a personal basis with either one but one but enough people around here have had business dealings with both to accertain the gist of the situation. And its sad all the way around and a sad dose of reality for people blinded by what they read in print and online but never truely know anything about. |
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 Expert
Posts: 2097
Location: Deep South | Gettin It - 2014-03-17 7:05 PM
Thr fact that so many people assume the best about the Walkers because they're World Champions and assume the worst of the Cogburns because they don't know who Cheri is is proof how terribly distorted this world is. I live in the general area of both parties though I didn't grow up here. I am not on a personal basis with either one but one but enough people around here have had business dealings with both to accertain the gist of the situation. And its sad all the way around and a sad dose of reality for people blinded by what they read in print and online but never truely know anything about.
I haven't read anything bashing or wishing ill upon the Cogburns??
I do think it's people's natural tendency to sympathize with Mary though, just because we have all heard her tragedy. I think people just don't want to see her lose something else that means so much to her. Not excusing anything the Walker's may or may not have done, just saying.
I personally, would like to see Mary end up with Latte, but not at the expense of her partner IF that is the case here. I want to see it done in the most fair and justifiable way our court system can see fit for both parties. |
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Porta Potty Pants
Posts: 2600
| No one wins in this situation. Its too bad that they couldn't have used a mediator or arbitration to resolve the matter. |
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 Queen Bee Cat Owner
Posts: 3629
Location: Way up North | I really don't have a dog in this fight but I have to say I think it is pretty crappy all of the people crucifying Cogbrun without knowing anything more than hearsay.
Would we be so up in arms if it was a different, non-famous rider? I have a feeling thoughts would be a lot different.
I hate that this is happening to Mary and Latte. They will forever be one of the greatest stories of tragedy and triumph and one of my all time favorite teams. But at the end of the day I am a firm believer in sticking to your word and following the rules (contract) and evidently the courts do not feel that was done. I want whatever is just to happen, whomever's side that leans towards.
I hope for Latte's sake he ends up in a loving and caring home; even better if that is back with Mary. |
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 BHW Tour Guide & Concierge
Location: Cyberspace | Please keep this on topic.
Mary Walker made a statement on her Facebook page |
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 Regular
Posts: 96
Location: Commuting between Central Texas and Houston | There are a lot of really good horses out there and one has to click with Latte to make him as successful as he was with Mary. They share an undeniable special bond. Even if someone had the nerve to bid for him and take him away from Mary, there is no guarantee that he will be as good a horse with that person. And that would put a lot of money at risk. I am sure he won't be cheap.
I do pray that Mary will find some way to keep him. |
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 Husband Spoiler
Posts: 4151
Location: North Dakota | From Mary Walker herself....
To all my FB friends and family, my heart is saddened for two reasons. I would like to first say that Latte will not be at Rodeo Houston for the Semi-finals. Latte sustained an injury at Ft. Worth on my second run when he had a horrible slip. Dr. Honnas and I have worked very hard getting him well so I could get through the winter buildings. We sustained a fall Thursday night at Mercedes, Tx which brought back flashes of my fall 2 yrs.ago. Latte injured himself again. The prognosis will be at least 12 wks of rest, with therapy everyday. Luckily, with having great friends ,I will be riding Spider,who belongs to Teresa Turberville.
I am also saddened by being forced by Cheri Cogburn, who retained 10% and we bought 90%,to sell him under court order. Her reason for retaining 10% ownership was so he would never be sold and remain with me forever. Byron bought him for me as a Mothers day present after the loss of Reagon in April of 2011. We formed an LLC to protect both parties interest. She has chose to sue for partition of sale and since he is the only asset of the LLC I am forced to auction him off. I have tried to keep quiet because I felt I shouldn't worry everyone with what's going on in my personal life, we thought that we would be able to work this out with Cheri, however her last settlement offer for us to pay her 250,000 for her 10%, left us no choice. This is my statement, with all this being said, no one will ever take away what Latte and I have. They will never take my love for him. They can never take my Gold Buckle. I put my heart and soul into making him a Champion and he returned the favor to me. My heart is very heavy at this time. The next week will be a very upsetting time in my life, not knowing what will happen. Please keep us in your thought and prayers. |
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 Vodka for Lunch
Location: Lala Land | I just feel like until after the actual auction we are  here.
I hope the best for both parties involved, and hope Latte goes to a deserving home wherever that may be. |
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 Always Off Topic
Posts: 6382
Location: ND | i wonder how this 'injury' will affect his sale value...... |
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Folks on-line