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Originally Posted by Danzig
most businesses and individuals have lines of credit. what, you think all those bidding at auctions have cash in their pockets?
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No Dipstick, I know how the game works.
I've been to the sales and bought horses....have you?
You have a line with the sale companies....but to not pay them back immediately is really screwy.
It sounds like to me that Zayat was borrowing money to even pay his millions in training bills.
Do you have any idea how much Zayat is out everyday for training....with trainers like Baffert, Mitchell, Zito, and Asmussen? Those guys are not cheap.
To have his size of stable....$34 Million to him should be like $340 to the rest of us.