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General Category => Ask the Experts => Topic started by: mjellish on May 03, 2016, 05:09:05 PM

Title: Oscar Nominated but not paid for
Post by: mjellish on May 03, 2016, 05:09:05 PM

I dunno if this has been formally announced yet or not.  But I just heard that Mr. Ramsey is looking for someone to put up $200k to supplement Oscar Nominated to the Derby.  I guess whoever he had lined up didn\'t pan out.  Promise is to get 50% of purse of Derby and the next 2 triple crown races as well if he runs in them.  But no ownership percentage.  

My question is this, if I thought Oscar could win why wouldn\'t I just bet $200k on him at 40-1 or whatever in the Derby.  By my math thats about $8M.  That\'s way more than 50% of the purses even if he wins all 3 races.  No vet bills or stud rights either way.

I don\'t see any angle here.  Is someone going to pay $200k just to enjoy some type of Derby ownership experience?  

If so, that\'s a market waiting to be plucked.

Title: Re: Oscar Nominated but not paid for
Post by: TGJB on May 03, 2016, 05:11:04 PM

It is and it is. You should see what Derby contenders go for in February. Ask Covello.

Title: Re: Oscar Nominated but not paid for
Post by: covelj70 on May 03, 2016, 08:58:53 PM

JB, you are correct that the prices are nuts

MJ, you are correct that it\'s a silly proposition

the leg of Destin that just traded was a much better deal than what Ramsey is offering

Title: Re: Oscar Nominated but not paid for
Post by: Strike on May 03, 2016, 09:53:59 PM

The Ramsay deal is ridiculous. Do you know how much that leg cost? Eclipse has been more aggressive lately but being a large partnership -- not sure they are focused on just the notoriety.

Title: Re: Oscar Nominated but not paid for
Post by: covelj70 on May 04, 2016, 06:54:07 AM

Hey Strike,

I know what they were asking but don\'t know what final terms were

Good luck this week