Quantcast
This section brought to you by:

Industry News

Latest on Sale of Babcock Ranch Horses

on .

A federal bankruptcy judge has approved the sale of more than 180 horses from Babcock Quarter Horses to a not-for-profit corporation that works with prison inmates. Fellowship of Christian Upreach Services, Inc. (FOCUS), based in Oklahoma, acquired the horses for $315,000, according to the motion approved by Chief United States Bankruptcy Judge Brenda T. Rhoades.

The horses – mostly mares and their offspring but including some performance horses – are part of the property involved in the bankruptcy case of Babcock Quarter Horses and Jim Babcock. In September, the court approved a motion by court-appointed trustee Christopher Moser for an expedited sale of horses to ensure their continued care. The high bid, submitted by FOCUS, was $225,000 for 203 horses and another $100,000 for various machinery and equipment, including trailers, tractors and tools.

However, the final sale order noted that FOCUS withdrew its offer on property other than the listed horses. Furthermore, the court found that three of the horses on the original list submitted by Moser had already been sold to FOCUS. Those three were a 2007 Smart Athena Royal x Smart Chic Olena filly, a 2007 Smart Hickory Chic x Trashadeous colt, and Chics Doc Olena, (2007 mare, Smart Chic Olena x SR Documentary). The third horse was the only one of the three to be named specifically.

β€œThe Agreement for the sale of the Property was negotiated, proposed, and entered into by the parties without collusion, in good faith, and from arms-length bargaining positions,” the court order states.

The order said the sale is subject to claims by parties who had leased mares to Babcock Quarter Horses, and claims by Classic S Ranch to two mares and seven offspring. Classic S Ranches is based in Germany. According American Quarter Horse Association records, it owns CS Anna Liza and CS Equalizer Light, both sired by the Classic S Ranch stud Smart Equalizer.