Ask The Experts
General Category => Ask the Experts => Topic started by: Dana666 on May 04, 2006, 12:18:39 PM
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I just heard on Ralph Siracco\'s radio show that Lawyer Ron was indeed sold. Hard to read too much into that, but I can\'t imagine you sell the horse before the Derby if you think he has any shot of winning. I guess it\'s a gamble either way, but makes no sense to me. He will still run under Hines\' silks, that was part of the deal. Again, I don\'t know how much input Holthus might have had in the deal, but how much more is he worth if he wins the derby and how much less if he loses?
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Dana,
He was sold by an executor who is resonsible for maximizing the value of the estates assets.It\'s possible the executor does not know what a racehorse is and hired someone with that expertise. I\'m sure there is a clause adding value if he performs well in the triple crown.
I would not worry that it\'s a \"sign\" that they do not think he has a shot. It\'s business, not racing.
Mike
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Mike,
That was the feeling on the radio show too, but I can\'t imagine someone dealing with such valuable assets knows so little, though you may well be right! I always liked the horse, but I wasn\'t betting him in the Derby either way.