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Originally Posted by Danzig
so are they basing the stud deal on the amount of insurance purchased?
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The deal "places his value at $50 million".. which means Three Chimneys [may have] paid just $10 million for 20%.
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Originally Posted by Danzig
how does that work when they say they've only purchased the breeding rights, rather than just an outright purchase of the horse?
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They paid for a percentage of the horse to secure the rights to stand him at their farm after his racing career.
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05-25-2008, 04:37 PM
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