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Old 05-07-2002, 03:53 PM   #5
tanda
Registered User
 
Join Date: Jun 2001
Posts: 406
My initial reaction was "what an a@#hole". That is why you have contracts, lawyers and other advisors.

However, it appears that the contract was silent on the issue and Sportsmans Park has no clear language on the issue.

If the language of the bonus is something such as "The bonus will be paid to the winning owner of any Triple Crown race if the winning horse previously won the Iliinois Derby" then it would follow the horse and go to the horse's current owner(s) at the time of the qualifying Triple Crown victory.

If it states something such as "The winning owner of the Illinois Derby will be paid the bonus if that horse later wins any Triple Crown race" then Reineman would get it all. That language would indicate that ownership is determined as of the Illinois Derby win.

My information indicates that the language is closer to the first example and favors Thoroughbred Corp.
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