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#1
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![]() hmmm
When contacted by telephone, Lake told The Blood-Horse: “For you to print something in your magazine about this is a classless move.” ok-so if he ends up not having to pay all his debts, is that classy?
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Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln |
#2
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#3
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![]() I agree. A classless move.
__________________
"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts |
#4
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I don't see a horse racing publication reporting that one of the sport's biggest brightest stars has filed Chapter 11, is classless. Calling him for a statement is also part of the territory. A "no comment" would've sufficed. |
#5
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#6
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#7
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![]() Who can forget those old stories about how he would have the 2 hotdogs for $1 special at a gas station next to Penn National for his dinner every night.
The guy probably salted away a couple hundred grand in cash - declared - and is now just going to operate in cash for the next several years. |
#8
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The largest 20 unsecured creditors filed with the petition are listed with a combined $1,177,479 in claims, including those with a feed company and veterinary groups, among others. The petition claims there are between 50 and 99 total creditors. The street address used for the debtor is the same as Belmont Park. |
#9
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![]() especially since the owners were most likely paying their bills to Lake. Anyone interested in the actual owed parties-amounts?
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“To compel a man to furnish funds for the propagation of ideas he disbelieves and abhors is sinful and tyrannical.” Thomas Jefferson |
#10
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Not worried about the Vets. They will just s-u-c-k someone else dry. |
#11
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I wonder why he didn't use a barn in Delaware where laws [from what I understand] are better. |
#12
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![]() LOL.
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#13
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__________________
Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln |
#14
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![]() Yeah, well, good arguments. I guess I can see publishing it regarding the racing stable entity. But not personal.
__________________
"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts |
#15
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edit~just re-read the article, this is the last paragraph: Chapter 11 bankruptcy is generally described as a court option that allows the debtor to continue to operate his or her business while a reorganization plan with creditors is developed and approved
__________________
Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln |
#16
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#17
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__________________
Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln |
#18
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Nailed it! |
#19
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![]() There is a trainer that frequents this Forum who was stretched to $400,000 in training bills by an owner. I know another who was stretched to nearly $700,000. Both likely faced professional bankruptcy as an option.
Since none of us know one iota of the circumstances surrounding Scott Lake's professional financial situation, I'd suggest withholding any judgement about the 'classiness' of the parties involved. If you don't care for Lake because of his record of rules violations, that's fine, but it provides no insight into whatever forced him into the situation he's dealing with. I've met Lake exactly once and don't know enough about him to have an opinion. And as an aside, when it comes to 'classlessness' there isn't much worse than kicking a guy when he's down. I'll venture to guess that within the next 12-24 months, there won't be a single one of us that aren't familiar with at least one friend, family member or business associate that will be in the same position as Lake is today.
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All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984. |
#20
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![]() which is why i said 'if' and that i hoped he didn't structure things in a way that those owed won't get paid. if lake is on the short end because of owners, i wouldn't want to see that trickle down to whomever he owes in turn.
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Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln |