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What a really sad story.
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“All the honours boards removed and still on that Wednesday, many of us were sobbing as we walked down the 18th fairway for the last time".
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I'd be surprised if 10% of the debenture owners are still regularly playing the course. Despite the rather flowery wet language of the piece, this seems to boil down to money (like most things). It comes down to the specific conditions of the debentures (the omission of which are quite convenient). I'm imagining a loophole allows (in theory) the playing course being reduced and technically staying within the conditions. Pretty cynical on the new owners' part.
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Llwellyn's question was the first thing I asked myself at the start. Very odd.
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He got it on the cheap because of the debentures and gambled that over time he could gradually, through little changes here and there pi55 them off to the point where they would just fade away without much fuss. What he hadn't calculated for, as well as the resilience of the members is the court of public opinion once the story got out, now he's the big bad wolf
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Owners Andrew and Jane Megson have removed their horses from trainer Ben Pauling having decided that “a change is best” after undertaking a review of their ownership levels.
Andrew Megson insisted the split was “amicable” with five horses moved to Jonjo O’Neill, five to Fergal O’Brien and one, Tellherthename, switched to Ed Dunlop for a tilt on the Flat. Megson added that eight younger horses were set to sell at the Goffs UK Spring Sale at the end of May. Pauling said the decision had “come as a huge shock” and stated his appreciation for the support the owners have offered him, as well as his ambition to recover quickly from the setback Megson said on Thursday: “We have reviewed where we are with the level of horses we have and decided that a change was best. We’ve been with Ben for eight years and we like to think that we have been loyal as owners. “I’ve spoken with Ben and explained that it’s amicable – we don’t have anything against him – but we wanted a fresh start. "We’ve sent some to Jonjo, who we know from before, some to Fergal and eight will go to the sales. Tellherthename we are going to try on the Flat as we think he’s a bit of a rocket ship and likes decent ground. Hopefully he can then go chasing next season.” Over the weekend, an article in the Sunday Times by David Walsh highlighted a dispute between Pauling and the owners of debentures at Naunton Downs golf course, which the trainer purchased in 2020 and built his new yard and training facilities around. Asked if moving the horses was related to the article, Megson said: “It’s not at all to do with that. We didn’t know anything about the article and we appreciate it’s not the easiest time for Ben at the moment.” Harper's Brook: kicked off a double for trainer Ben Pauling Harper's Brook (left): a winner this season for the Megson family and Ben Pauling Credit: Mark Cranham The Megsons and Pauling enjoyed a number of successes together during their association, most notably Global Citizen’s victory in the 2022 Johnny Henderson Grand Annual Chase at the Cheltenham Festival. This season, 18 horses have been sent out for the owners by Pauling, with Harper’s Brook, Gentleman Valley, Jipcot, Wreckless Eric, Sixmilebridge, Monty Bodkin and Tellherthename successful. Pauling said: “I think it’s fair to say it’s come as a huge shock to me, [my wife] Soph and the team at home. We had seven brilliant seasons with the Megsons as owners and they have been huge supporters of ours, and I would like to thank them for that support. “We are very sad to have lost some very smart young horses. They will have had their reasons and even if we don’t understand them, it’s their decision and we will take this and move forward and be stronger because of it. We see it as a challenge and we are coming off the back of our best season ever, so if we are going to be faced with this sort of challenge, now is the right time. It makes you proud of your team with the way they have taken the news in the last 24 hours. "We wish them good luck with their horses and can enjoy watching them while we rebuild as quickly as we can. I’d like to thank all our brilliant owners for their continued support and look forward to the exciting times ahead. |
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His new facility will be ready just in time for UK NH racing to totally implode
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Not to worry though, his place looks the ideal spot to build a golf course on.
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I see that the Megsons have removed a number of horses from the yard.
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If I put my diplomatic hat on I would have said when Flash in the Park came and (performed) at the track after its 350k sale it was the beginning of the end. You dont get many go's at 350 a pop and expect there to be no change-irrespective of Ben's best ever season.
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I see that the Megsons have removed a number of horses from the yard.
Wakey Wakey, half the thread is devoted to that Scrabbler.! |
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Scooby, as there was a long thread on here laughing about that one you are probably right. Never mind, Jonjo will make an even worse job for them!
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Owner must have a screw loose if he thinks sending horses to O'Neill is the answer. Asked this before - what is it that attracts owners to O'Neill? It's not results and it's not the jock. What does he offer?
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scoobytoo • April 11, 2024 2:23 PM BST
If I put my diplomatic hat on I would have said when Flash in the Park came and (performed) at the track after its 350k sale it was the beginning of the end. You dont get many go's at 350 a pop and expect there to be no change-irrespective of Ben's best ever season. Redknapp certainly seems to have got very lucky with the horses Pauling got him, wonder how much they cost? |
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Nice winner today in last, few good chances tomorrow including Harry's one
yeh the decision to go to JJ is surprising to say the least... |
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Owner must have a screw loose if he thinks sending horses to O'Neill is the answer. Asked this before - what is it that attracts owners to O'Neill? It's not results and it's not the jock. What does he offer?
A timely winner at the right time. |
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Does a nice breakfast
Apparently ![]() |
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I started reading that but began to lose the will to live after the second sentence.
....... Something about a pub and a golf club. |
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Would have read the lot but I don`t want to miss the end of the Masters.
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"some to Fergal"
Getting done for "schooling in public" evidently no bad thing for your business. Fall in sh*t one day, come out smelling of roses the next. |
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Won't be many good days with Jonjo training them, couldn't get a runner bean up a stick
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mac
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Yep GB, certainly not about integrity!
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Has this anything to do with horses taken away by the Megsons?
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The whole thing is a nonsense, desperately trying to extract overt sentimentality over something which essentially a cynical ploy. It's a sign of the times isn't it that people seem to enjoy cultivating a cartoon villain, and then the online mob join in the witch hunt.
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Mac , same here we must have a similar attention span
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The man sounds like a cad and a bounder ! I hope he never has another winner
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never trust someone who can't look you straight in the eye..
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Good 8 minute interview with Ben and Lydia on Racing TV on demand
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Hopefully more owners remove their horses and the turd's business goes bump. What an unspeakably odious man Pauling would appear to be .
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The Megsons had horses with Harry Dunlop. Obviously more money than sense,
https://www.thoroughbreddailynews.com/pauling-has-a-pott-shot-at-the-classics/ |
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golf is not a sport and it despoils the environment. its a norrible business, with its petty rules absurd clobber and master-and-servant relationship between caddy and the twerp that walks around pretending to be a sportsperson. its bollox
the less of it the better, even though apauling doesnt come out of this well. but we dont know de troof so who nose, especially given walshs sensationalist tone on everything nowadays-the cycling thing has burnished his ego and all his articles have to be very serious and concerning as he has a reputation hes really an average hack who got one big story and certainly doesnt understand racing (see also kimmage) |
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he clearly has one eye on developing the land for something else
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They must have mrc to be sending any to Johnjo.
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Cider • April 11, 2024 6:30 PM BST
The whole thing is a nonsense, desperately trying to extract overt sentimentality over something which essentially a cynical ploy. It's a sign of the times isn't it that people seem to enjoy cultivating a cartoon villain, and then the online mob join in the witch hunt. Not sure Cider, although agree the article is an emotive bit of journalism, though think this is what happens when you listen to a load of 'professionals and advisors' probably telling him about an opportunity to get something cheap and then do what he wants, as the deeds didn't stipulate what level of golf facilities were required. As Carl Llewellyn and Duffy said earlier in the thread... if you have got big plans to change something don't try and buy something on the cheap and run all over the people and circumstances that you got it cheap for. Personally if I had took the risk and shoved some money up front to get a golf course up and running as the founding members, and was promised golf for 50 years, then someone comes along and buys it promising even better facilities, then appears to renege on that promise and appear to be running the golf side down, I'd be a bit annoyed too. I would hazard a guess it will cost him more in the long run than just going and buying a decent bit of freehold. No doubt he will be employing a few more 'professionals and advisors' to sort this mess out along with a few of their lawyer friends, who at the end of all this stuff always come out on top. |
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Strange anti Jonjo comments given his strike rate over the last 5 seasons is similar to Pailing's, Russel and NTD to name but 3 peers who do not get the same flak?
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I agree it was cynical, but the story leads me to think he try and make a go of it originally as a combined endeavour, but started to haemorrhage cash and they took a different strategy.
What I object to is the narrative to paint it some kind of disney story, good vs evil and there is this local bunch of people emotionally wedded to their local golf course! It's about cash and if they were all offered £25K for their debentures then we wouldn't probably even hear about it. I don't blame them for trying to extract as much cash as they can, either. |
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ttt. to complement other thread
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Bottom line is that he didn't do his homework, there should have been an exhaustive examination on the debentures and what there resistance would be if things went wrong, you know, planning for worst case scenarios!! Other parties before him had probably done just that and not liked the results and thought better of it, hence the price he got it for.
Starting out with the best of intentions and only turning into an ar5ehole when it went wrong doesn't excuse him. The "poor me" interview with Hislop was vomit inducing. |