A Repossession by Bloodstock South Africa AUGUST TWO YEAR OLD SALE - 2024

5 lots available   
270 ROYAL KINGDOM CWILLIAM LONGSWORDROYAL TRIPA Repossession by Bloodstock South Africa  
211 HIGHWAYMAN HARRY CHAWWAAMMFIFTYTHREE FORDA Repossession by Bloodstock South Africa  
159 HOLLY’S KISS FGLOBAL VIEWHOLLY'S VISIONA Repossession by Bloodstock South Africa  
130 GOLDEN WARRIOR CHEAVENLY BLUEFORSYTHIAA Repossession by Bloodstock South Africa  
128 UP IN FLAMES FFUTURAFLAMING MADA Repossession by Bloodstock South Africa


And the story is??????

Weren’t they bought by the face of 4Racing?

Must be another story here

......more than one party in this mix.....and all these lots were previously from the more recent 2024 Nationals only three  months ago.... so doubtful that BSA had to go looking for the payments... so seems like a surrender type of deal.... which in anyway still may set a bad president as the last thing they need is horses been bought on appro only to be returned and be re-auctioned at a later sale....

So who actually signed for them?

Two ladies I note.

i wonder if the one realized that normal people contribute to this game with real money? After all the freebies Im not surprised she was confused.

The other the less said the better. What goes round comes round. Its disgraceful how her father has been treated 

 

What sale were these bought on ?

Will this affect JM's role as a director of the RA? A point we seem to have missed

bsa.co.za/event/national-yearling-sale-9/#/

18 April 2024

3 were sold to Jessica M
and
2 were sold to Crawford/Rix.

......the trainer now mentioned here bought one more lot than the 2 lots in question and may have been mandated by a/the party that has now reneged on the mandate...  

This should have never been allowed to happen......what ever the circumstance the initial buyer/s can be held liable for any shortfall of the original price fetched for these lots...and should they still be in default then they can no longer hold colours and therefore cannot be any form of member in the RA either  

The RA has for decades had zero worth and even less place in SA racing. 

Readers, there's a lot more to this than what is being addressed and what needs to be openly debated

Legal Precedent and Case Law on Repossession  1. Spoliation Orders and Repossession Procedures:In South Africa, the principle of spoliation plays a crucial role in repossession cases. The purpose of a spoliation order is to prevent self-help and ensure that repossession actions are legally sanctioned, rather than being carried out unilaterally by one party. For instance, in the case of Ivanov v North West Gambling Board, the court emphasized that spoliation orders are designed to stop parties from taking the law into their own hands and to maintain lawful possession ❞( www.saflii.org/za/cases/ZAWCHC/2017/68.p...Visible%3A%200%25%20 ). 

2. Legal Requirements for Repossession:Repossession laws in South Africa are stringent. Creditors must follow a structured legal procedure which includes issuing a notice of default, obtaining a court order, and ensuring that the repossession is carried out by a sheriff of the court. This was detailed in a discussion about repossession laws, which highlighted the importance of these procedures to protect the rights of both the creditor and the debtor ❞( www.equinelawblog.com/repossess-horse-buyer-fails-pay ). 3. Repossession in the Equine Industry:Specifically, in the context of horse racing and equine transactions, repossession can be complex. The process involves not only the legalities of repossession but also the ethical and fiduciary duties of those involved. A noteworthy point from the Equine Law Blog emphasized that repossession must be legally justified and carried out with proper legal backing, rather than through self-help methods ❞( www.equinelawblog.com/repossess-horse-buyer-fails-pay ).

 Implications for the Racing Association and Bloodstock South Africa 

Given the principles outlined above, it is imperative that Bloodstock South Africa (BSA) and the Racing Association (RA) adhere to legal standards in handling repossession cases. The recent repossession of horses from the August Two-Year-Old Sale 2024 raises significant concerns about the compliance with these legal requirements and the transparency of the actions taken.  

Recommendations for Action 

1. Demand Transparency:BSA must provide a detailed account of the repossession process, including all legal documents and court orders obtained to justify the repossession. This ensures compliance with legal standards and maintains the integrity of the process. 

2. Accountability for Leadership:Given the role of Ms. Motaung as a director within the RA, her involvement in any financial mismanagement or non-compliance with legal repossession procedures must be thoroughly investigated. If found culpable, she should be held accountable, including potential resignation from her position to restore trust and integrity within the RA. 3. Legal and Ethical Review:An independent legal review should be conducted to ensure that all actions taken by BSA and the RA are in full compliance with South African law. This review should cover the adherence to spoliation principles, the proper issuance of court orders, and the ethical considerations of the repossession actions. By addressing these issues aggressively and ensuring strict compliance with legal standards, the Racing Association and Bloodstock South Africa can maintain their credibility and uphold the trust of their stakeholders. 

For further details, you can refer to the comprehensive discussions on repossession laws and case precedents on the South African Legal Information Institute (SAFLII) and the Equine Law Blog ❞( www.saflii.org/za/cases/ZAWCHC/2017/68.p...Visible%3A%200%25%20 ) ❞( www.equinelawblog.com/repossess-horse-buyer-fails-pay ).