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 Elite Veteran
Posts: 1062
 
Location: Probably On the Road to the Next Barrel Race! | angelica - 2014-03-28 1:47 PM
The only amount paid out is the roughly 85k. The other money was cycled through the bank to please the legality of the entire mess. If you think someone actually purchased him for that amount I highly doubt it, they had a friend run the money through and ultimately will only pay the 10%. Borrowed money for a few days so to speak, which will go back to the lender minus the 10%.
Oh ok I understand... Makes perfect sense...thank you. |
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  Semper Fi
  
Location: North Texas | BARRELHORSE USA - 2014-03-28 5:57 PM
VFNoPromises - 2014-03-28 5:48 PM
grullagirl - 2014-03-28 3:02 PM
Howdo you guys know who is wrong or who got "screwed"? For those that know what's in the contract, does the lady wanting 10% of earnings pay 10% of entry fees, vet, farrier, fuel, feed, etc? What about 10% of Mary's medical expenses when a horse she partially owned injured her?
Dont anybody go off on me I've really been wondering this...
Interesting...good question. Definitely didn't think of that
Justin Boots paid for all of Mary's medical bills ... go look at her NFR interview ...
The rest of the expenses are usually with the person buying the horse .... LLC tag means there is a payback on winnings and increase in assets to be divided and could include the unpaid portion of the price of the assets ... ...
Looks like to me Mary's hubby used to be an insurance agent // broker and had all bases covered with proclaiming Latte is now injured ...
Post on Walkers FB ... Thanks to the new owners I have a lifetime mount ....
BW is a retired Insuranceman out of Ennis, Tx. His reputation precedes him both in and out the arena. He was a PRCA Bulldogger in his younger years. |
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 Shelter Dog Lover
Posts: 10277
| CrossCreek - 2014-03-28 6:07 PM angelica - 2014-03-28 1:47 PM The only amount paid out is the roughly 85k. The other money was cycled through the bank to please the legality of the entire mess. If you think someone actually purchased him for that amount I highly doubt it, they had a friend run the money through and ultimately will only pay the 10%. Borrowed money for a few days so to speak, which will go back to the lender minus the 10%. Oh ok I understand... Makes perfect sense...thank you.
True but the figure will be more than 85K. Cheri is owed more than her ownership share. She is also owed the percentage of winnings she was never paid. The court will decide this amount and the funds for Latte will stay in escrow till this is all settled which could be a while. |
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 Neat Freak
Posts: 11216
Location: Wonderful Wyoming | DeGonia_Perf_Horses - 2014-03-28 11:41 AM Who else was bidding to get it that high? Not to start a riot here, but that is absolutely insane for a gelding! We all know he is good, but dang... Blowing my mind here... 
Clone him and make all sorts of little Latte's, if it hasn't already been done |
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Semper Fi
Location: North Texas | wyoming barrel racer - 2014-03-28 6:21 PM
DeGonia_Perf_Horses - 2014-03-28 11:41 AM Who else was bidding to get it that high? Not to start a riot here, but that is absolutely insane for a gelding! We all know he is good, but dang... Blowing my mind here...
There was a correct observation earlier today that 'He' is now worth dead than alive due to this auction.
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 Angel in a Sorrel Coat
Posts: 16030
Location: In a happy place | grullagirl - 2014-03-28 2:02 PM Howdo you guys know who is wrong or who got "screwed"? For those that know what's in the contract, does the lady wanting 10% of earnings pay 10% of entry fees, vet, farrier, fuel, feed, etc? What about 10% of Mary's medical expenses when a horse she partially owned injured her?
Dont anybody go off on me I've really been wondering this...
EXACTLY!!!!!!!!!!!!!!!!!!! |
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Neat Freak
Posts: 11216
Location: Wonderful Wyoming | sorrel horse ranch - 2014-03-28 5:30 PM grullagirl - 2014-03-28 2:02 PM Howdo you guys know who is wrong or who got "screwed"? For those that know what's in the contract, does the lady wanting 10% of earnings pay 10% of entry fees, vet, farrier, fuel, feed, etc? What about 10% of Mary's medical expenses when a horse she partially owned injured her?
Dont anybody go off on me I've really been wondering this... EXACTLY!!!!!!!!!!!!!!!!!!!
From public court records this is far from the first time this couple have screwed over business partners. I think that is why the general public have changed who's corner they are backing. I know it changed my perspective of things. I really could care less either way, but I hate to see bad things happen that is public notice. |
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