The Stallion London.

[Alec Swan]

It seems that the mount of Gerco Schroeder, the stallion London, has been seized by bailiffs!!

That's all that the internet will say. How strange!

Alec.

 

[PolarSkye]

How bizarre!

P

 

[woodtiger]

Eurocommerce have been in financial dire straits for a long time now, and many of the horses have been sold. California was sold to Qatar for €5m which didn't touch the sides - Eurocommerce is a property company and have been hit really hard by the economic downturn. The banks have called in loans varying from €95m to €350m, so the Eurocommerce boss changed the horses (New Orleans and London) ownership to his son, which looks as dodgy as hell. London isn't allowed to go home to Holland yet, but is stopping at Ben Maher's for the time being. I believe he is on the market at around €10m.

 

[HappyHooves]

OOh.. makes Uthopia and Allegro look like a bargain. Roll on the next lottery for a chance to buy!

 

[christine48]

I think some of the other horses will be seized too.

 

[Mithras]

London is now back in the Netherlands, while the ownership dispute rumbles on. I hope Gerco can continue to ride him.

 

[xxlindeyxx]

London is now back in the Netherlands, while the ownership dispute rumbles on. I hope Gerco can continue to ride him.

Thanks for the update, i hope Gerco gets him too.

 

[Picobello]

What i gather is that the horses including London and New Orleans are still in Schroeder's stables and are allowed

 

[Picobello]

To be competed as normal to fit in with their training schedule (sorry hit wrong button). However owners can not transfer ownership to other holdings to sell which is what happened with California and Vigaro who got sold to Turkey for a million euro or so. It looks like those transactions are going to be declared void