04 February 2011

Just Announced - Keruter Sells Sam To The German Federation!

Sam and Michael Jung, WEG 2010

(I've  just received word from the German Federation that Sabine Kreuter has sold 47% of La Biosthetique Sam FBW to the German Olympic Committee~ ed)   

DOKR acquires majority stake in Sam 

Warendorf (fn-press). Eventing World Champion Michael Jung can  plan a future with his  exceptional horse La Biosthetique Sam FBW. The German Olympic Committee for Equestrian (DOKR) on Friday signed the contract under which it takes over a 47 per cent majority stake in the eleven-year Wurttemberg gelding. Eric Single and Pfalsgrafenweiler acquires 13 percent of Sam. The Jung family keeps the 40 percent. The value of the horse is fixed at € 766,666.66. (approx. $1.03 mil - ed)

Sabine Kreuter, from Stöttwang-Thalhofen, who owned 60 percent of Sam,  now assigns her share to the DOKR in Warendorf and Eric Single. "We are happy that we managed (the DOKR) with Mr Single and some sponsors to keep an exceptional couple such as Michael Young and Sam a team," DOKR managing director Reinhard Wendt said after the negotiations since the World Equestrian Games in Kentucky, continued

The purchase agreement is however only active for  half a year after the contract becomes effective and depends on a new veterinary examination of the horse.  It has been reported that the original veterinary examination
detected a heart murmur at the end of last year. Performance degradation, however, was not a given.  

"Because of the possibility of a cardiac lesion there is some risk that goes forward that we want to eliminate. Therefore, we will make plans again in six months, to decide if Sam is to be further used in professional sports, "said Wendt. 

(See previou ED article on Sam)
(See NEW ED article on Sam)

(Translated from the DOKR press release)

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