Jackson moves to buyout wayward Curlin share

[Kasept]

Jackson Makes Bid for Curlin Interest
By Ryan Conley, Blood-Horse

Jess Jackson is involved in a private bid to buy out the 20% minority interest held in reigning Horse of the Year Curlin, an apparent attempt by the owner-breeder to gain full control of the champion colt.

http://news.bloodhorse.com/article/48046.htm

[declansharbor]

Any guesstimate as to how much that would entail?

[Riot]

Good move on his part, the share was floated on the open market and sank. Good luck to him.

[letswastemoney]

But if the issue is stuck in court, we may get to see Curlin again next year!

[Merlinsky]

They seem pretty intent on getting something out of this situation sooner rather than later. Rooting for the court to keep holding things up might not work out for ya. I don't think Jackson would be doing this the way his is if he weren't pretty eager to get Curlin to stud for this spring so he's probably inclined to pay the most for that last 20% of anybody. If they want to maximize its value, that's the way to do it. Let Jackson's own time-sensitive eagerness bid him up.

As much as I'd like to keep seeing Curlin, esp. cuz the handicap division for males on dirt looks like it could end up a desert wasteland, he won't be going back to the Classic I think that's clear unless he develops some newfound love of Pro Ride. There's only so much more he can do. Win the record for pure N.A. earnings I guess which I believe Skip Away holds but really, the only thing that would get my attention would be an effort to face Zenyatta (which means they'd have to get Shirreffs to send her against males). Is there anybody worth trying to beat as an older male next year?

[Cannon Shell]

He has been 1-9 to buy out the rest of the horse all along. He bought out the partners who werent in prison, he would have bought out the ones in prison if they could have got the money.

[letswastemoney]

Originally Posted by Merlinsky

They seem pretty intent on getting something out of this situation sooner rather than later. Rooting for the court to keep holding things up might not work out for ya. I don't think Jackson would be doing this the way his is if he weren't pretty eager to get Curlin to stud for this spring so he's probably inclined to pay the most for that last 20% of anybody. If they want to maximize its value, that's the way to do it. Let Jackson's own time-sensitive eagerness bid him up.

As much as I'd like to keep seeing Curlin, esp. cuz the handicap division for males on dirt looks like it could end up a desert wasteland, he won't be going back to the Classic I think that's clear unless he develops some newfound love of Pro Ride. There's only so much more he can do. Win the record for pure N.A. earnings I guess which I believe Skip Away holds but really, the only thing that would get my attention would be an effort to face Zenyatta (which means they'd have to get Shirreffs to send her against males). Is there anybody worth trying to beat as an older male next year?

It doesn't matter if he goes back in the Classic to me. I just like seeing horses race, wherever they do race.

[Merlinsky]

Originally Posted by letswastemoney

It doesn't matter if he goes back in the Classic to me. I just like seeing horses race, wherever they do race.

Respectfully, you've got to look at things like opportunities for him and if it doesn't include the Classic and he doesn't go back to try for a repeat of the Dubai World Cup, exactly what's he trying to do? He's less effective on synthetic or turf. Not sure they'd pursue a world tour. If he's just gonna do a replay of last year minus the bookends, you could just watch replays on Youtube. He either needs new races or new exciting competition. Not sure either's a guarantee. If he's gonna face Zenyatta I'm in. Otherwise I don't think you can justify it. He's got millions in insurance costs to pay and will probably break even in terms of cost on the year at best. Financially it's a lousy decision. If next year didn't have the Breeders' Cup at Santa Anita I'd say give it a go. It does, so why would you? I think Jackson's figured it out and is calling it a day as soon as the ink is dry on an agreement. What more does sportsmanship demand of him? What else can the horse do that isn't redundant?

[Pedigree Ann]

Originally Posted by Merlinsky

What else can the horse do that isn't redundant?

He can carry weight in a handicap and concede chunks to lesser horses. Like Dr. Fager and Ack Ack and Forego and so many other champions did. Ta Wee won the Fall Heightweight (then a major race) under 140 (over colts) and then beat mares in a normal handicap under 142! That's what makes a horse a legend, not beating slower horses in wfas.

[Merlinsky]

Obviously it's moot now that he's retired, but part of the weight challenge is that it keeps other horses wanting to try their hand against you. When otherwise you'd be facing a bunch of walkovers. Curlin's still getting takers. I haven't seen any fields with only a couple opponents. Plus he's also not as sharp. He's terrific but you don't just load horses up with weight for the heck of it. It's to try to balance out the field and have them all hit the wire at the same time. That's the goal. Who's he gonna face that he'd get loaded down with 140? Even if they thew a 3yo maiden in a G1, he still won't get 140. If anything they'll give the new horse some insanely low weight to make. I don't think he's got the regard to warrant the weights that would make it remotely interesting. He's well regarded and sure it's another challenge but not to the point Jackson would let them pile it on to prove a point. You'd get Asmussen pulling him from races. Ergo, no point in bringing him back to see the occasional 132.

[Quiet Chris]

Originally Posted by declansharbor

Any guesstimate as to how much that would entail?

$4 million what 20% would cost. They valued him at $20m.

[jms62]

Originally Posted by Quiet Chris

$4 million what 20% would cost. They valued him at $20m.

20 mil for Curlin, 16 mil for the Green Monkey...

[ELA]

From a legal perspective, the court appointed receiver can push a great deal, however, I don't know how many "fingers they can actually get on the levers of control" so to speak. For minority shareholders it's tough. They could have "forced" the interest to be sold, but we saw how far that went.

Eric

[Kasept]

Hmmmm.. Not so simple buying this 20% and standing Curlin..
http://www.drf.com/news/article/99995.html

[Danzig]

i had read that article earlier...seems odd that the two lawyers want more money for the curlin share-gallion and cunningham most likely won't see a thin dime of the money, so why do they really care?

[Kasept]

Originally Posted by Danzig

i had read that article earlier...seems odd that the two lawyers want more money for the curlin share-gallion and cunningham most likely won't see a thin dime of the money, so why do they really care?

Because they want to fulfill as much of the total $42 million award from Curlin as possible... The attorney is trying to protect whatever he can of the money these two creeps salted away.

[Cannon Shell]

http://cristblog.drf.com/crist/2008/...ng-curlin.html

[Cannon Shell]

http://sports.espn.go.com/sports/hor...emy&id=3711539

[SniperSB23]

Originally Posted by Cannon Shell

http://sports.espn.go.com/sports/hor...emy&id=3711539

I pretty much agree. Searching for a big purse is pretty lame. If he wants to send the horse out with a win then find another race for him. If not then shut the hell up about it already.

[Danzig]

Originally Posted by SniperSB23

I pretty much agree. Searching for a big purse is pretty lame. If he wants to send the horse out with a win then find another race for him. If not then shut the hell up about it already.

yeah, it is lame-especially considering that churchill already put up an extra 250k for the stephen foster earlier this year. why not let him run there one more time, regardless of the gr 2 status?