A bit more detail from the BH article on Paddy O’Prado which makes it sound like mare owners aren’t quite as screwed as perhaps it’s been made out to be. Certainly not ideal but IMO any mare owner who expects that Spendthrift holds on to any current or past Share The Upside stallion while perhaps cycling out non-program stallions needs their head examined
Spendthrift, as with Archarcharch and Tizway, as a right of first refusal to buy back Paddy O’Prado when his breeding career is over.
Pin Oak Lane Farm in PA owned Corinthian.
The 10-year-old son of El Prado—Fun House, by Prized, entered stud as part of Spendthrift Farm’s “Share the Upside” program, which allows a breeder the opportunity to earn a lifetime breeding right after getting two foals by the stallion and paying off the stud fees.
Paddy O’Prado is the third Spendthrift stallion in the past several weeks to be sold to an overseas farm, with both Tizway and Archarcharch relocating to South Korea. In all three incidences the acquiring farm is required to honor all the lifetime breeding rights, according to Spendthrift general manager Ned Toffey. Toffey acknowledged, however, that such arrangements aren’t beneficial to American breeders.
“With our breeders, we’ll let them breed back to something here of comparable value,” Toffey said. “There is no obligation on our part, and breeders understand they don’t own an equity position in these stallions, but we work with our breeders even if the horse has shipped to another state.”