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Originally Posted by VOL JACK
I don't know which of the two I'm more surprised.
Zayat has to take out loans to buy horses??
Or there is a bank out there dumb enough to loan someone $34,000,000 to purchase race horses.  |
All real businesses play with other peoples money. The IRS likes when you pay interest. When you are spending money like he is you dont want to be deemed a hobby. It is surprising that the bank would continue to loan at those levels based soley on the value of the bloodstock.