Another interesting proposal...

PapaFrita

PapaFrita

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I have it pretty much perfect with Antifaz; He's essentially mine to do with what I like, but owner pays all the bills, including competition entry fees AND pays me a small monthy wage.
He's for sale but so far there has only been the briefest and most flickering of interest and there's been nothing at all for weeks. I don't think he's overpriced at all, but he HAS got a shocking (and rather well-deserved!
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) reputation.
Yesterday owner asked me if I would like him. Free. Mine, all mine as her husband doesn't want to spend any more money on him. He doesn't even care any more if he's not sold.
"Hell yes!" I thought. I think he's fab and love him to bits. The timing is particularly good as I've now decided to put PF in foal. HOWEVER all is not as perfect as it seems. He would be essentially mine unless I sell him, in which case, quite logically, owner would like a cut (we have to settle exactly how much). If I never sell him, then that's ok too.
Thing is, whilst I think he's lovely and all, it's not really in my best interests to accept is it? It means a doubling of all my expenses and no guarantee that I'll be able to make any money at all from selling him.
Then again, I don't know how much longer his owner will want to go to the extra expense of shows etc...
What can I suggest?... a sort of middle ground, or am I just being greedy? Better still, what would you do?
 
I would try and agree a price, say what he would have been worth before you started riding him and buy him outright. Otherwise you are doing exactly the same job you are now but paying for the privelege
 
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Exactly my thoughts!! BUT I certainly can't afford to buy him for what he's worth now (around $4000)

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But..... no one else thinks he is worth that either otherwise he would have sold.
 
The owner has paid all the bills, entry fees & paid you to ride the horse for sometime. He has now offered you the horse for free & would only like a cut when you sell the horse...I think he is being more than fair with you. If you can afford to keep him then have him,,,,,if you can't then don't......to be honest I honestly think it would be very cheeky to ask the owner for anything on top of what he has already offered you.
 
I suppose it depends on if you plan to sell him! I think she's offering a fair deal, if you work out how much you will increase his value by then work out if its more than twice what he's worth now. If it is much more then buy her out now, it doesnt seem like she'd mind, personally I'd be kind on her, seems like she's provided you with a good ride until now and unfortunately it hasnt worked for her, sounds like she deserves a break, we all make bad decisions and need a hand from time to time!! You never know, maybe she will get another horse for you to ride!!
 
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The owner has paid all the bills, entry fees & paid you to ride the horse for sometime. He has now offered you the horse for free & would only like a cut when you sell the horse...I think he is being more than fair with you. If you can afford to keep him then have him,,,,,if you can't then don't......to be honest I honestly think it would be very cheeky to ask the owner for anything on top of what he has already offered you.

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I agree.
He has been more than generous - maybe you've gotten a bit too used to it, so having to pay for the upkeep of a horse comes as a bit of a shock, but I can see why the owner would want to sell if he's been bearing the brunt of all the costs for someone else to enjoy all the benefits.

If you two can agree a price for you to buy him outright, then great. If not, you run the risk of losing the horse altogether when he is eventually sold - the current situation clearly isn't going to last much longer, but you've had it damn good while it lasted.

You're still getting a bloody good deal out of this anyway.
 
Go for it! But come to an agreement on the owners cut if you decide to sell him on if you think he is worth $4000 but isnt selling agree maybe on $3500, once he gets a bit older and more competition experience his value can only increase therefore you should get a decent cut, as you siad you were putting PF in foal this sounds like a perfect opportunity for you, if you can afford to keep them both do it!
 
Wow, what an offer!

Think the owner is being totally fair to you.

If you really love him and want to keep him, and can afford it then go for it, but I don't think you can quibble on the financial arrangement.

The way I see it is you've already been paid once for schooling and improving him. So if you think he's worth $4000 dollars now, and you decide to sell him at a later date, then that should be the agreed starting point, and the 'old' owner should receive the first $4000 dollars and then split the rest 50:50.
 
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Exactly my thoughts!! BUT I certainly can't afford to buy him for what he's worth now (around $4000)

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But..... no one else thinks he is worth that either otherwise he would have sold.

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Yes... also a good point. So I was thinking in suggesting a % of any future sale rather than a fixed price... What do you think?
 
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I honestly think it would be very cheeky to ask the owner for anything on top of what he has already offered you.

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I was thinking more along the lines of suggesting a % of any future sale rather than a fixed price. As DD has said; he hasn't sold so far and has a shocking reputation, so it might prove difficult to resell him and if I should stumble onto some financial crisis and have to get rid asap... then what?
On the other hand the risks are the same as buying any horse, aren't they?
 
Thing is, when I started riding him he was definitely overpriced. Now, IMO, he's worth the money, but he hasn't sold... sooo... perhaps I'm wrong and the rest of the world is right?
I don't know if I'll ever be able to sell him or if, realistically, his price will increase. Which is why I was thinking of offering her a % rather than fixed price.
 
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He has been more than generous - maybe you've gotten a bit too used to it, so having to pay for the upkeep of a horse comes as a bit of a shock, but I can see why the owner would want to sell if he's been bearing the brunt of all the costs for someone else to enjoy all the benefits.

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I've always seen A as a job. The purpose was to make him rideable and jumpable for sale. He really was NOT a nice chap and I almost gave up, and yet I stuck with him and now I've got a horse that's a joy to ride and jump. AND I get paid for it... As you've mentioned, the situation is WONDERFUL

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If you two can agree a price for you to buy him outright, then great. If not, you run the risk of losing the horse altogether when he is eventually sold - the current situation clearly isn't going to last much longer, but you've had it damn good while it lasted.

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Well, the purpose has always been to sell him, so I've always known that one day I'd no longer have the ride.

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You're still getting a bloody good deal out of this anyway.

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Not as good as getting paid for it!!
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God I've been rather spoilt, haven't I???
 
Yes, I think I'll have to agree a 'minimum' amount that owner will accept should someone be interested in him. The thing that worries me is that I could quite easily end up with an unsellable horse, and this is a HUGE concern. In the past he was jumping 1.20 tracks but started rushing and demolishing them (he was far too young!) so in fact he's gone backwards. And he's not an easy ride.
What if I have some huge financial crisis and need to sell but only get offers for $2000, for instance?
I suppose this is something I should mention to his owner. She really is a very nice lady
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Well, I've always known and accepted that when A sells, he sells and that's that. I'd be sad to see him go and GUTTED To be beaten by him in the ring, but I've been fine with it. I've learnt a huge amount from him and never envisioned him as 'my' horse. I suppose I have to think of him differently now; he will, of course, become my responsibility and my own risk.
The lack of interest in him is worrying though. My former instructor and the BOF and my uncle think the price is fine, but no one has even rung up for him (small equestrian community and he's quite 'well-known'... not in a good way)
So potentially he could be a bit of a white elephant.
I want to be practical and not decide just because I'm very fond of him..
 
Would you buy the horse if it was for sale on the open market and you stumbled across the advert and went to see it?
This is something i didn't consider when in the same sort of position as you. The difference was that the horse was owned by someone else but i paid all the bills, when owner wanted out i parted with a lot of money cos i couldn't bear to see the horse go. I now regret this decision so much, and if i was buying now there is no way i would have bought my horse it was more that i was backed into a corner and it was a good price so i said yes.
My advice would be to think long and hard and although it sounds like a brilliant deal is it your dream second horse?
 
Very good question! If I were looking for a second horse AND had the money, and went to see A, I think I would make an offer... Possibly not the $4000 asking price though.
I get on very well with him now, but honestly I think the extra cost of a second horse would put a significant strain on my finances. If I were sure I could sell him should push come to shove, then I might take the risk, BUT no one has been interested so far, so clearly they're not seeing what I'm seeing...
 
My honest opinion - and you must bear in mind that I cannot possibly know the whole situation, or your deepest feelings - is that you should not buy him.
You have already said that the new yard that PF is at is straining your finances; so how could you cope with two horses? I thought that putting PF in foal came with a possible new ride for you? So would you need Antifaz to ride? I do understand that you are now very fond of Antifaz, but you want to do what is best, and not let your feelings dictate. If you buy him, you may well be 'stuck' with him forever. How does that feel?
 
Hi Caroline
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I've decided not to take the offer of the stallion man (too many strings) and instead use my uncle's stallion (lovely, and NO strings) So I wouldn't have a ride once PF got too big
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I've decided to move BACK to old yard as the price on new yard has gone up and is now plain ridiculous and would rule out competing with any regularity. If I knew I could COMFORTABLY afford to keep A, I'd have him, BUT my income is flexible so my head is telling me No, but my heart is saying "ooh, go on!"
I wonder what will happen to A if I DON'T take the offer though!!
 
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