IEAH buys 50% of I Want Revenge

Payson Dave · #1 03-22-2009, 11:41 AM

"Lanzman said he was looking to sell 50 percent of the colt, giving him a chance to make a profit, while still retaining his dream of running a leading contender in the Kentucky Derby.
"He's worth so much money now, it would be foolish not to take something off the table," said Lanzman, who owns a mortgage business in Los Angeles."

Being left handed I realize that I think differently than many but....
Other than it being IEAH that is the interested buyer...what is the big deal...why the rolling of the eyes...
The current owner wants to lock in a profit... is that such a bad thing??

#2 03-22-2009, 11:56 AM

Quote:

Originally Posted by Payson Dave

"Lanzman said he was looking to sell 50 percent of the colt, giving him a chance to make a profit, while still retaining his dream of running a leading contender in the Kentucky Derby.
"He's worth so much money now, it would be foolish not to take something off the table," said Lanzman, who owns a mortgage business in Los Angeles."

Being left handed I realize that I think differently than many but....
Other than it being IEAH that is the interested buyer...what is the big deal...why the rolling of the eyes...
The current owner wants to lock in a profit... is that such a bad thing??

The bad thing is he's in the mortgage business in Los Angeles. I think IEAH is a perfect union for the guy.

Payson Dave · #3 03-22-2009, 12:06 PM

Maybe DT needs a thread on all the big time Owners that should be banned from the game....

I guess it would have to include..
Jackson
IEAH
Godolfin
Ramsey
Pompa
...
...

#4 03-22-2009, 12:09 PM

I don't think they should be banned. I'd prefer a monthly waterboarding live on ESPN.

Merlinsky · #5 03-22-2009, 12:12 PM

Quote:

Originally Posted by Coach Pants

I don't think they should be banned. I'd prefer a monthly waterboarding live on ESPN.

Correction: On Bravo.

Payson Dave · #6 03-22-2009, 12:12 PM

Quote:

Originally Posted by Coach Pants

I don't think they should be banned. I'd prefer a monthly waterboarding live on ESPN.

perhaps some relatively new society mag could do expose's on the evils of big time owners

freddymo · #7 03-22-2009, 03:52 PM

Quote:

Originally Posted by Payson Dave

Maybe DT needs a thread on all the big time Owners that should be banned from the game....

I guess it would have to include..
Jackson
IEAH
Godolfin
Ramsey
Pompa
...
...

Why would you ban anyone who employees people and promotes racing.. Seriously I would love to sell 50% of my Gotham winner for 2 mil..to any fn body..lol

Cannon Shell · #8 03-22-2009, 04:05 PM

Quote:

Originally Posted by freddymo

Why would you ban anyone who employees people and promotes racing.. Seriously I would love to sell 50% of my Gotham winner for 2 mil..to any fn body..lol

Except Drugs

Payson Dave · #9 03-22-2009, 04:12 PM

Quote:

Originally Posted by freddymo

Why would you ban anyone who employees people and promotes racing.. Seriously I would love to sell 50% of my Gotham winner for 2 mil..to any fn body..lol

you missed my whole point....what's the big deal if IEAH or anyone else wants to buy an interest in a horse when the current owner clearly wants to sell a part of him

freddymo · #10 03-22-2009, 05:12 PM

Quote:

Originally Posted by Payson Dave

you missed my whole point....what's the big deal if IEAH or anyone else wants to buy an interest in a horse when the current owner clearly wants to sell a part of him

I think I meant to reply to another post sorry

Rudeboyelvis · #11 03-22-2009, 07:14 PM

Like when that guy was trying to sell his 2% stake in Bwana Bull on Ebay by breaking it up into .05% shares for like 2K a pop right before the Derby - lolerz, that was rich

We've come a long way

Merlinsky · #12 03-22-2009, 11:54 PM

Quote:

Originally Posted by Rudeboyelvis

Like when that guy was trying to sell his 2% stake in Bwana Bull on Ebay by breaking it up into .05% shares for like 2K a pop right before the Derby - lolerz, that was rich

We've come a long way

Oh wow I missed that.

Merlinsky · #13 03-22-2009, 12:01 PM

Quote:

Originally Posted by Payson Dave

Being left handed I realize that I think differently than many but....
Other than it being IEAH that is the interested buyer...what is the big deal...why the rolling of the eyes...
The current owner wants to lock in a profit... is that such a bad thing??

I don't care if he makes a $5 profit or a $50 mil profit, that's not the point. I just get annoyed that every time a horse shows he might have talent (might being the operative word), from a sharp maiden performance to a nice prep score, IEAH or Godolphin has to buy them. At the rate they're going, they might as well offer the two groups a co-sponsorship deal for the Derby and give them each 10 slots to run horses in.

-BT- · #14 03-25-2009, 09:25 PM

Quote:

Originally Posted by Merlinsky

I don't care if he makes a $5 profit or a $50 mil profit, that's not the point. I just get annoyed that every time a horse shows he might have talent (might being the operative word), from a sharp maiden performance to a nice prep score, IEAH or Godolphin has to buy them. At the rate they're going, they might as well offer the two groups a co-sponsorship deal for the Derby and give them each 10 slots to run horses in.

i agree...as soon as IEAH got the taste of fame w/ the 3YO's last year in big brown its like he refuses to go to the prom empty handed EVER again. Good for the owners, i hope they overcharge the hell out of IEAH, just for the right to retain a 25% share in a horse, hope the current owners like the lime light, b/c there will no shortage of it wants ivarone and the boys get the camera on him

Danzig · #15 03-22-2009, 12:13 PM

Quote:

Originally Posted by Payson Dave

"Lanzman said he was looking to sell 50 percent of the colt, giving him a chance to make a profit, while still retaining his dream of running a leading contender in the Kentucky Derby.
"He's worth so much money now, it would be foolish not to take something off the table," said Lanzman, who owns a mortgage business in Los Angeles."

Being left handed I realize that I think differently than many but....
Other than it being IEAH that is the interested buyer...what is the big deal...why the rolling of the eyes...
The current owner wants to lock in a profit... is that such a bad thing??

i think it's like the yankees and their big budget. most teams have to work to get to the top, but some just want to buy their way there. there's nothing inherently wrong about it, but it's less than enjoyable for many.

Payson Dave · #16 03-22-2009, 12:17 PM

Quote:

Originally Posted by Danzig

i think it's like the yankees and their big budget. most teams have to work to get to the top, but some just want to buy their way there. there's nothing inherently wrong about it, but it's less than enjoyable for many.

so it's ok to sell but it's not ok to buy.....

Danzig · #17 03-22-2009, 12:25 PM

Quote:

Originally Posted by Payson Dave

so it's ok to sell but it's not ok to buy.....

no one is saying don't sell, don't buy. but ieah is not viewed in a great light, so i'm not surprised anyone would be unhappy that they're purchasing another prospect.

ddthetide · #18 03-23-2009, 05:40 AM

Quote:

Originally Posted by Danzig

no one is saying don't sell, don't buy. but ieah is not viewed in a great light, so i'm not surprised anyone would be unhappy that they're purchasing another prospect.

another nice horse, that i'll now have to swallow hard and hold my nose to root for.

Bobby Fischer · #19 03-23-2009, 08:24 AM

I was worried when I saw this thread that they would take Talamo off and switch to Prado and Bobby Frankel

Riot · #20 03-23-2009, 11:34 AM

People with ready big money have been trying to buy a Kentucky Derby win for a long time, right up to post time.

I don't recall folks dissing Pegram and Baffert when they started out. The other big buyers of the 1980's. People who appeared on the scene with freeflowing money, and vowed to be in the Derby winners circle in a year or two, buying up all the most promising stock.

Heck, those folks contributed alot to keeping the horse world financially sound. Longtime breeders before that sold their best Derby prospects unemotionally for the cold hard cash all the time, too.

IEAH is far from being the first to go this route.

Sure, I root hardest for the small guys, the regular horsemen, the hardworking day in and day out guys who have been in the sport forever, and don't have freeflowing cash to help them out. I root for them to hit the dream.

But I don't care about IEAH buying up parts of Derby trail horses, especially when the owners of those horses are choosing to sell off part of that dream, rather than keep it solely for themselves.

Congrats to the owner, congrats to IEAH, good luck with it, because everyone knows the odds are against you.

IEAH promises their investors a ride at the big show, at the highest levels, and they apparently deliver to their clients. Obviously easier to buy into that level, if you are a racing club, than try and develop it yourself from 40 yearlings.

Some people root for teams in sport. Some can't seem to enjoy sports unless they have an evil villain team to hate and root against.

I am sorry to see horse racing more noticably go that way. Less classy, and less fun, IMO, to root against someone, than root for someone.