[QUOTE=Foxtrot’s;7968612]
Unless he is a very high priced animal, sometimes it is better to cut your losses and sell him for a very reduced price locally … at least it is your money, and not lost in commissions, training, board. Time is money.
Every month saved in board is $ in your pocket.[/QUOTE]
I think based on the info that it is likely a 50-ish K horse (“Mid 5 figures”) this is not a fire sale sort of thing. OP seems to be able to pay for stuff. A couple of months of board will pay off for this high price- possibly.
A horse that can do GP and prelim absolutely can be worth even more than this purchase price.
Does not appear to be a backyard sort of deal.