Quote:
|
Originally Posted by Danzig188
millions?
most syndication deals are done far ahead of when HOY is awarded. so how can it mean millions?
i'd imagine most post-bcc deals for horses are done with the presumption everyone knows who will win hoy. but once it's given out....that's a little late, isn't it? mares have already been covered by then.
also, i seriously doubt smartys syndication could have gone above what the value was set at if he'd won HOY. there is a ceiling.
but hey, i could be wrong. have been before.
|
Zieg you completely struck out here.
I've worked on deals before with stallions.
There are incentive clauses that are in the contract that state that the buyer pays X amount more for being a champion, being HOY, etc.
When St Liam won last year, believe me, they weren't just screaming about the purse money in the BCC. They got a HUGE payout from the buyer for that.
Its industry standard Zieg.