Troutt Becomes Sole Owner of WinStar

LB · Postby LB » Wed Oct 13, 2010 8:55 am

And Bill Casner is out as co-owner.

http://www.bloodhorse.com/horse-racing/ ... of-winstar

Strategic Maneuver · Postby **Strategic Maneuver** » Wed Oct 13, 2010 2:47 pm

Now that's some serious money changing hands. Wonder what happened.

Shannon · Postby **Shannon** » Wed Oct 13, 2010 8:08 pm

Why would he sell out...by the article, everything was `perfect`and continues to be `perfect`...why sell out your half but continue to do business etc?

Sysonby · Postby **Sysonby** » Thu Oct 14, 2010 6:20 am

Casner was certainly the face of Winstar but who put what in to the original partnership? That may be the answer to the question.

Shammy Davis · Postby **Shammy Davis** » Thu Oct 14, 2010 7:10 am

Sysonby: I give up. What is it that you are not saying about Casner's exit? There is more to this than a beneficial financial deal. The original partnership deal already had some pretty hefty perks attached.

Sysonby · Postby **Sysonby** » Thu Oct 14, 2010 7:20 am

Shammy Davis wrote:Sysonby: I give up. What is it that you are not saying about Casner's exit? There is more to this than a beneficial financial deal. The original partnership deal already had some pretty hefty perks attached.

I'm no insider. It's just my experience that many business partnerships have unequal divisions between money people and front/administrative people. Knowing who was who often explains ultimate dissolutions.

Shammy Davis · Postby **Shammy Davis** » Thu Oct 14, 2010 7:29 am

It's extremely interesting that the fellow w/out the long term breeding and racing experience ends up with the Winstar rights and Casner gets to board his mares and possibly some partnerships with Troutt in future. Maybe there is a "reality show" plot here?

toadie · Postby **toadie** » Sat Oct 16, 2010 4:19 pm

[quote="SysonbyI'm no insider. It's just my experience that many business partnerships have unequal divisions between money people and front/administrative people. Knowing who was who often explains ultimate dissolutions.[/quote]

I'm sure you're headed in the right direction. Troutt was the original brains behind the billion dollar corp., and Casner was fortunate enough to be a good friend (not that he's an idiot :lol:

) who was let in on the business deal almost from the beginning.

Tairaterces · Postby **Tairaterces** » Tue Oct 19, 2010 12:58 pm

"The industry should take comfort in knowing that WinStar is my main focus after my faith and family. As my children have grown over the last 10 years, I can see the possibilities with them for the future. We look forward to the opportunities that lie ahead.”

Sounds to me like it is going to be a family business.