Leroidesanimaux

Discussion and analysis of thoroughbred stallions.

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hpkingjr
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Bankruptcy

Postby hpkingjr » Mon May 09, 2011 10:27 am

If memory serves, Florida and 1 other state allow you to retain with unlimited value the "home' place in a bankruptcy. It has been several years and things change but that's what popped in my mind.

I remember advising a client to move to Florida and purchase a farm there after his horses got out (several times) and a lady was killed when she ran into one. If he had stayed in Kentucky he could not protect the farm. Again it has been a while so if I am incorrect, someone please correct me.
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Georgerz
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Postby Georgerz » Mon May 09, 2011 1:39 pm

in Washington State, your home is exempt from bankruptcy procedures. You get to keep it, no matter it's value.
Last edited by Georgerz on Thu May 12, 2011 8:45 am, edited 1 time in total.
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kimberley mine
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Postby kimberley mine » Mon May 09, 2011 2:22 pm

Crystal wrote:Leroy will probably stay in FL.. Stonewall moved all of their stallions there, but maybe they are willing to sell to the right party, if the bank doesn't own part of him. I'm not thinking M D'Oro $$$ but still up there for such a young sire.


I wouldn't be surprised to see him start shuttling soon. SH season is coming up.
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da hossman
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Postby da hossman » Wed May 11, 2011 1:06 pm

Leroi is owned by Mark Haisfield, the son of Richard Haisfield (Stonewall), who also is the owner of the Florida farm. It may be that the transfer of ownership protects Leroi from any bank actions filed against Richard Haisfield. Although I earlier said Leroi would certainly be in KY in 2012, I now question that statement. If a bank cannot force the sale of Leroi, would Mark Haisfield sell him for a realistic number? I do not think any KY operation would be anxious to partner with any Haisfield.

Leroi may be more likely to be sold overseas than sold to KY.
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Tappiano
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Postby Tappiano » Thu May 12, 2011 4:01 am

There is an article that says the son paid 750,000 to own him outright from the bankruptcy sale in November.
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fastappy
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Postby fastappy » Thu May 12, 2011 9:42 am

Great news! Leroy is now in the Bloodhorse stallion register! :D I see his fee is 10K for 2011.
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Crystal
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Postby Crystal » Thu May 12, 2011 10:06 am

I may eat my words, but I'll put $2.00 to win that Leroy doesn't go anywhere..
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Fireslam
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Postby Fireslam » Thu May 12, 2011 10:52 am

My mare was bred to him this week, and they were pretty adamant that he is staying.
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zinn21
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Postby zinn21 » Thu May 12, 2011 12:18 pm

Good luck Fireslam.
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UCANDOIT
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Leroidesanimaux

Postby UCANDOIT » Thu May 12, 2011 5:32 pm

It also says in that article that the deal is that Leroi must stay in Fla thru the 2013 season.
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erins isle
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Postby erins isle » Fri May 13, 2011 5:00 am

I was just thinking if somebody with enough cash, Coolmore Stud for example, will offer enough, I am sure he will be sold.

Fireslam good luck and keep us up to date!
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kimberley mine
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Re: Leroidesanimaux

Postby kimberley mine » Fri May 13, 2011 11:28 am

UCANDOIT wrote:It also says in that article that the deal is that Leroi must stay in Fla thru the 2013 season.


Does it say whether the deal precludes shuttling?

http://www.bloodstock.com.au/bloodstock ... p?id=38899
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erins isle
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Postby erins isle » Sat May 14, 2011 4:01 am

This is what it says in the advert:

Accepting serious shuttle lease proposals for consideration.

What a gorgeous horse to look at BTW!!
The more I get to know people, the more I love animals.
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springboro
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Postby springboro » Thu May 19, 2011 12:42 pm

Did anyone else notice that his good filly Always a Princess also has the British/South American influence which is seen in Animal Kingdom.

Of special interest is her 1/2 sister by Gabby's Golden Gal, by Medaglia D'oro
whom I think is very similar to AK in his get.

Also, will there be more interest in another Candy Stripes son, Invasor?
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Pacific Classic
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Postby Pacific Classic » Wed May 25, 2011 12:00 pm

His ad in a local publication this week says his fee is $12,500. They just can't help themselves, can they?
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