Legal Eagle Sale hits the times

Have been a bit out of touch last couple of weeks they dont gamble in Thailand but the price they charge for wine can use up the gambling rand lol

Is the story still low key on the other sites with exception of SP ?

drdom wrote: So.
The sale should not have been done?
Some objected to the horse running for Mayfair because it could have earned prize money.
You would have been happy with the horse siting in a stable with bills unpaid putting hardship on all the reliant parties, and even the horses welfare?
I'm not sure what you think the right thing to have done would be? Even the banks would be happier chasing a transaction value rather than a rapidly depreciating, money eating asset .

drdom of course they should be sold and sold at the best price asap.

What you need to consider is Jooste is history and has defrauded people out of BILLIONS. Maddoff did something on a grander scale and got 150 years jail time. My point is:

1. How was the 3.2 paid - and all other sales inc Edict of Nantes
2. Who is the recipient?
3. What controls are in place to ensure the greatest con-artist and thief in SA corporate history does not benefit from this?

OTA - My feelings exactly

Action vs Consequences - Bottom line

Not nice to watch but something that must happen . What about the mining houses that went belly up and Creditors and employees are still waiting 10 years later to get paid out a cent on the dollar and still have not been settled.

Now we have a Horse and a Trainer in the middle and this changes the dynamics of the problem.

MJ knew how close to the line he was treading on and now must face the music. I am sorry for all of those that have been caught up in the consquences , but when times were good I doubt anyone could have seen this coming. Plenty of people being brought back to earth , and so they should.

.....most are all blase' about this as the AVV matter hardly had much consequences....but then most "assets" were auctioned off and therefore the aggrieved party was not able to challenge the "fair" value argument....in this matter the liquidator can get an industry opinion....he just needs to find one that has no ties to Jooste..... :oops:

Maybe I am missing something. All over the world people buy raced horses that have ability in the quest to win features. That Braam and partner's could afford it should not be held against them.If they didnt buy the horse then someone else would have. I am 100% sure that any sales of horses post Steinhoff collapse,will have been agreed to by the banks and every cent checked. I have known Braam for a few years now and has never been anything but a gentleman.

Craig Eudey wrote: Maybe I am missing something. All over the world people buy raced horses that have ability in the quest to win features. That Braam and partner's could afford it should not be held against them.If they didnt buy the horse then someone else would have. I am 100% sure that any sales of horses post Steinhoff collapse,will have been agreed to by the banks and every cent checked. I have known Braam for a few years now and has never been anything but a gentleman.

I agree with you - at this junction the Racing Manager has a clean slate on exposed actions so why on earth would he risk falling foul of the law? I'm sure he still would want to be involved in Racing as he is the Racing brain behind Mayfair so what would he gain by bending the rules with a microscope clearly focused on him?

We are going to have to agree to disagree on this subject.

There is a proccess to be followed and that should be followed for all concerned. Win loose or draw, for the sake of Gogo Dlamini - Lets leave it there .

I agree with you - at this junction the Racing Manager has a clean slate on exposed actions so why on earth would he risk falling foul of the law? I'm sure he still would want to be involved in Racing as he is the Racing brain behind Mayfair so what would he gain by bending the rules with a microscope clearly focused on him?[/quote]

Mr H. and Craig

Here is a scenario which you are trying to sell me.

I am a theif , I break into your house and steal all your electronic devices .

I then go sell them at the local cash crusaders , while I am selling your lap top to them I get caught by the police.

In the court on Monday you tell the Judge that while I was not caught it was fine to sell all your stuff.

Maybe I live in a different world or I am way off the mark.

Warren Laird wrote: I agree with you - at this junction the Racing Manager has a clean slate on exposed actions so why on earth would he risk falling foul of the law? I'm sure he still would want to be involved in Racing as he is the Racing brain behind Mayfair so what would he gain by bending the rules with a microscope clearly focused on him?

Mr H. and Craig

Here is a scenario which you are trying to sell me.

I am a theif , I break into your house and steal all your electronic devices .

I then go sell them at the local cash crusaders , while I am selling your lap top to them I get caught by the police.

In the court on Monday you tell the Judge that while I was not caught it was fine to sell all your stuff.

Maybe I live in a different world or I am way off the mark.[/quote]

The statement by the Manager is clear and unless he is insane there is a written agreement to back it up -


Mayfair’s racing manager Derek Brugman said on Saturday: “I couldn’t say anything before this because my hands were tied but we have now made an agreement with the financiers that we can continue racing and continue selling the horses.”

Brugman said that “long term” the plan is to sell all the horses and added: “We have been given time by the financiers to sell them in a structured manner over a period of time. We are not in a fire-sale situation.”

mr hawaii wrote:

Craig Eudey wrote: Maybe I am missing something. All over the world people buy raced horses that have ability in the quest to win features. That Braam and partner's could afford it should not be held against them.If they didnt buy the horse then someone else would have. I am 100% sure that any sales of horses post Steinhoff collapse,will have been agreed to by the banks and every cent checked. I have known Braam for a few years now and has never been anything but a gentleman.

I agree with you - at this junction the Racing Manager has a clean slate on exposed actions so why on earth would he risk falling foul of the law? I'm sure he still would want to be involved in Racing as he is the Racing brain behind Mayfair so what would he gain by bending the rules with a microscope clearly focused on him?

.....maybe openly the soon to be ex-racing manager appears to have a clean slate..... :whistle:
....let us see if he lands up on his feet for doing such a sterling job in seeing that others get fair/ fare value.... :dry:

Muhtiman wrote:

mr hawaii wrote:

Craig Eudey wrote: Maybe I am missing something. All over the world people buy raced horses that have ability in the quest to win features. That Braam and partner's could afford it should not be held against them.If they didnt buy the horse then someone else would have. I am 100% sure that any sales of horses post Steinhoff collapse,will have been agreed to by the banks and every cent checked. I have known Braam for a few years now and has never been anything but a gentleman.

I agree with you - at this junction the Racing Manager has a clean slate on exposed actions so why on earth would he risk falling foul of the law? I'm sure he still would want to be involved in Racing as he is the Racing brain behind Mayfair so what would he gain by bending the rules with a microscope clearly focused on him?

.....maybe openly the soon to be ex-racing manager appears to have a clean slate..... :whistle:
....let us see if he lands up on his feet for doing such a sterling job in seeing that others get fair/ fare value.... :dry:

way better that those that sold Van Vuuren horses - Classify 5k 1 bid?

Ok thank You ,

I would like to see that agreement - as to me the value of a horse can only depend on a market .

So either you have an Auction where a Market will be determind or you publically list horses for sale with reserve prices , then offers can be made.

Who set the price of R 3.2 million for a gelding at the age of 7 .

Not to say he cant make it back in the future , but were there any other offers.