Face the Cat, Behindatthebar To Padua/Pletcher

[paisjpq]

Originally Posted by Kasept

Very disheartening for Helen Pitts who is very upset. What exactly was David Randal's need to sell this colt? The guy is a multi-millionaire with a big operation. And since when is Pletcher a 'go to' guy for Satish Sanan? Cannot believe Randal, who apparently retains 20%, would not insist Face the Cat stay with Pitts. Just disgusting. Makes it hard to root for any horse when they are snatched up by the greedy and glory-desperate.

come on steve...it's a business, and this guy is treating it as one....who cares what the owner is worth? sell them when the perceived value is at its height. I feel bad that Helen Pitts has lost another good colt, but if you own 20% you don't exactly get to insist on anything (unless it was put into the contract ahead of time).

and let me ask you this? if the horse had been with pletcher and bought and sent to Pitts would you be this outraged? my guess is no, because you like one and don't like the other.

[Kasept]

Originally Posted by paisjpq

come on steve...it's a business, and this guy is treating it as one....who cares what the owner is worth? sell them when the perceived value is at its height. I feel bad that Helen Pitts has lost another good colt, but if you own 20% you don't exactly get to insist on anything (unless it was put into the contract ahead of time).

and let me ask you this? if the horse had been with pletcher and bought and sent to Pitts would you be this outraged? my guess is no, because you like one and don't like the other.

I'm not outraged exactly.. just bothered by this troublesome trend. The Randal's have two dozen broodmares and farms in KY and CA. They've had some nice horses and for all they know, this could be as nice a horse as they've ever had. (Brother is the good Bear Character). I don't understand why they would be so compelled to sell. Why are they in the game? They have a homebred like this and Helen brings him along and they sell out?

But hey, I didn't understand Tafel's need to sell Street Sense or Porter's need to sell Hard Spun either... None of the parties referenced 'need' the money... I guess my sensibilities are just akilter.

[Scav]

Originally Posted by Kasept

But hey, I didn't understand Tafel's need to sell Street Sense or Porter's need to sell Hard Spun either... None of the parties referenced 'need' the money... I guess my sensibilities are just akilter.

what do you mean about these two? Isn't the natural progression for non-stud farm owners to sell their would be studs to stud farms?

[paisjpq]

Originally Posted by Scav

what do you mean about these two? Isn't the natural progression for non-stud farm owners to sell their would be studs to stud farms?

not to speak for steve but I think he means that in selling, it ensured that they would NOT race beyond the 3 year old season.

[Kasept]

Originally Posted by paisjpq

not to speak for steve but I think he means that in selling, it ensured that they would NOT race beyond the 3 year old season.

I love when Thebby speaks for me because it ensures that I'll be right.

[blackthroatedwind]

Originally Posted by Kasept

I love when Thebby speaks for me because it ensures that I'll be right at least occasionally.

FTFY.

[paisjpq]

Originally Posted by blackthroatedwind

FTFY.

are you suggesting that I am not all knowing?

[freddymo]

Originally Posted by Kasept

But hey, I didn't understand Tafel's need to sell Street Sense or Porter's need to sell Hard Spun either... None of the parties referenced 'need' the money... I guess my sensibilities are just akilter.

Perhaps the IRS is pre taxing a horses worth and advising people that tax is due on the animals est. market value. The Fn IRS made (not that he wouldn't have) the guy who caught the Bonds HR ball sell it so they could collect revenue which to me is beyond crimnal. Maybe they are coming to owners and saying Hard Spun is worth 30 mil we want are 20% if you sell him or race him? Shti if the poor shnook catching a ball gets a call from the IRS then maybe these idiots are pretaxing Classic winners onwners now?

[freddymo]

Originally Posted by paisjpq

come on steve...it's a business, and this guy is treating it as one....who cares what the owner is worth? sell them when the perceived value is at its height. I feel bad that Helen Pitts has lost another good colt, but if you own 20% you don't exactly get to insist on anything (unless it was put into the contract ahead of time).

and let me ask you this? if the horse had been with pletcher and bought and sent to Pitts would you be this outraged? my guess is no, because you like one and don't like the other.

Very well put.... Indeed