64 posts were split to a new topic: Health insurance spin-off
Maybe so, but as was pointed out above, it was always the plan that this horse be sold.
Arenāt Lizās horse owned by partnerships or syndicates of some kind? So any sale wouldnāt fund her medical care.
Agree this horse was to be sold before but ultimately itās not without some consideration that her tenure with all of her horses and her partnership/Syndicate agreements would have her owed some remuneration.
Em
Everything helps. I assume her income right now is zero, or not much more than that.
Part of Lizās work increasing the value of horses is to have some gain when they are sold at the end. I assume that she contractually participates in profits when there is a plan for a sale at the end of a horseās peak career time.
What might have gone to add to a retirement savings, or to meet other large life expenses, will now go to medical, rehab and sustainable living. That is what happens when life-changing medical events happen in the U.S.
Thereās a word that I donāt remember for the effect on peopleās thinking when they are compelled to put aside long-term planning for short-term survival.
Obviously we do not know her financial situation, so I donāt love to comment on expenses especially pertaining to medical bills. Not coming after anyone, just my personal opinion.
I also wonder if the sales for the horses were not prompted by expense (like Monster who was already planned for the market) but the owners or her were planning to sell before the accident or down the line. I know she had a very decent sales business and her partnership with Cooley bringing the horses here for showcase and sales.
Could also be that those horses were purchased for Liz with Liz as the rider. Now that she is taking time for recovery and her condition has settled, they might have made the choice that since Liz wonāt be developing or producing them, they would rather sell then continue to own/finance for someone else.
Regardless of finances, an upper level event horseās career can often be short at the top levels, and it makes more sense (sadly) for the horseās development to continue in the best hands possible.
Completely agree. Snap and itās over in an instant. A horseās worth is a sliding scale with a lot of factors and some bad luck sometimes thrown in.
Her condition has evened out and recovery is what it will be. They waited, which I appreciated, but sometimes the horses that come through the levels arenāt going to be top horses and many were sales horses to begin with.
Best to sell them now before they do as horses do and try to murder themselves in the field.
Any updates on Liz?
Please move the insurance/health care-focused discussion to Off Topic and refocus this one back to the original topic.