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Current DateTime: 01:32:01 11 Feb 2012
LinksList Documentid: 23279670
Expiration DateTime: 2/11/2012 1:33:30 AM

SPORTS BIZ SLIDESHOWS

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Current DateTime: 01:32:01 11 Feb 2012
LinksList Documentid: 37998722

DARREN ROVELL'S SPORTS INDEX

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ABOUT SPORTS BIZ

Darren Rovell brings you his unique take on the business of sports: a multi-billion dollar global industry and obsession full of personalities and products. On Sports Biz, Darren will give you his up-to-date take on everything from salaries to endorsement deals to marketing and promotions, trades and tirades – in short, everything that makes sports so exciting.

Curlin, The Race Horse: New Owners In Winner's Circle?

Published: Friday, 2 Nov 2007 | 1:55 PM ET
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By: Darren Rovell
Sports Business Reporter

Curlin, winner of the Breeders Cup Classic
In what will be one of the best sports business stories of the year, a judge in Kentucky ruled today that 400 people have the rightful claim to a piece of Curlin, the horse that won the Preakness Stakes in May and the Breeders Cup Classic on Saturday.

The people were bilked out of money by lawyers who handled litigation over the diet drug fen-phen. Those lawyers owned 20 percent of the horse. Curlin has won $5.1 million in nine races.

So let's say that those people eventually do get that 20 percent of Curlin. How much do they really make?

Well, if those people just won the Curlin money, they'd have to split $1,020,000 between them, which come to $2,550 each. But even that wouldn't be right. Don't forget, the horse has expenses. So, in this case, the story seems much better than the actual pay out, which would probably figure in the negative.

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Topics:Sports


Current DateTime: 09:37:11 10 Feb 2012
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