Derby Trail Forums - Lawyer Ron Goes to Pletcher..

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I heard LR was sold for $6 million.

Quote:

Originally Posted by Linny

He didn't leave everything to the lawyer. The lawyer is the executor of his estate. The executor is legally obligated to act in a fiscally responsible way on behalf of the heirs. IMO, selling LR for far more than his worth was a great act on behalf of the heirs. They got a buttload of money into the estate by selling at the maximum of his value.

ask ANYONE in the business. you are always getting a good deal if someone offers you a boatload of $ for a horse and you take it. odds are so stacked against having a top horse, and then the odds that the horse remains sound, stays in top form...then there's making a stallion out of him later. take the $ and run, go buy more!! lawyer did right by the family in this case. and he makes a bit in the process. doesn't the executor get paid by the estate--10% i believe.
how often do people get offers and turn it down, only to see their dreams melt down...
there are a hell of a lot less seattle slews than everyone thinks! russell reineman played the game and won, the guys who owned she's a devil due--not so good.

Quote:

Originally Posted by Pillow Pants

I heard LR was sold for $6 million.

if so, at this point they effed up...they'd have to book 100 mares at 15k a pop for the next four years to break even on the purchase price. lot of horses retire every year. he's going to be a harder sell than plenty of others at this point.
yeah, stonewall gambled. all farms do. some are better able to withstand a mistaken gamble than others...

if anyone knows how this game is played, it's bob holthus. i think he felt this coming since the moment strong contender passed ron in the stretch.

as for pletcher....one day he'll be like dwl--he'll generate the same hate and venom as lukas did. the ones who go to the top, all alone, and then stay there always do. some will respect him, some will learn from him, some will continue to enjoy watching a master at his work...and the rest will spew at him at every opportunity. it's human nature.

Quote:

Originally Posted by merasmag

MONTHS? i may not've been posting but i've been keeping the tabs i could-please define MONTHS...because to the best of my knowledge, the horse was injured from about 5/6 to 8/something

months as in lawyer ron was rank in the ark derby and he was rank last week.

Quote:

Originally Posted by merasmag

won the arkansas derby

i'm aware of that....but he lost the super derby, which cost holthus the horse. we all know this is a what have you done for me lately business. april was a long time ago, and ark doesn't get much respect as far as drawing breeders. you can bet your ass that alex and smarty wouldn't be drawing anywhere near as much attention had they not gone on to further success after oaklawn.

Quote:

Originally Posted by merasmag

i think in this case they thought (rightly) that if holthus got a chance to plead his case minds might be changed... they did it to spare themselves the discomfort, indecision, sympathy and second-guessing that comes when u do something u have to do, even tho u don't want to do it...in this case, it's cause jv will now be on lr (and i think lr wouldda won everything anyway so it does suck for me and my odds now that all u people want to jump on his bandwagon but i'll deal with it)

i doubt it had anything to do with possibly getting cold feet. you make up your mind, and you act. don't *****foot around! time is money, the quicker they make the move, the better. i know that's how i am in my job. think, decide, act. don't half step, EVER!