WAR EMBLEM's previous owner, Russell Reineman, has shown the world what an astute businessman he is. He sells a money-making horse via a contract that says effectively that all rights, titles, and future considerations from the ownership are part of the sale. He keeps 10% of the horse; and, he keeps 100% of a money-losing business. Then when the new connections position the horse to win a lot of money (and do), Mr. Reineman recognizes that his business acumen in trading horses is about the same as his business acumen in trading steel products.
Now, he furthers his cause by threatening to sue Sportsmans Park to get a bigger percentage of their Triple Crown bonus than the 10% that is rightfully his via ownership rights. As I understand it, Sportsmans only obligation is to pay the OWNERS of the horse within 30 days. Excuse the pun, but when Sportsmans delivers the check then that's a moot suit!
Mr. Reineman should take his ten-percent cut for as long as the WAR EMBLEM run lasts, and get out of the spotlight before he does more damage to his credibility. It's hindsight, but Russell should've sold the business and kept the horse!
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Richard Bauer
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