The appropriately named Frank Angst reports for the THOROUGHBRED TIMES that former MLBer Paul LoDuca is being sued for $432,000 for allegedly not paying the stud fee of Storm Cat.
LoDuca, who is a horse racing analyst for Television Games Network, bred the leased mare Platinum Tiara to Storm Cat in 2007. Storm Cat’s fee was $500,000, an amount LoDuca allegedly never paid. Because he failed to pony up, Storm Cat’s Owner Overbrook Farm eventually sold the resulting foal for $325,000.
Overbrook now contends LoDuca owes the balance of the difference along with an astounding $187,500 in interest + plus court costs.
LoDuca earned in excess of $30M during his MLB playing career, but this isn’t the first case of the former catcher owing money. Bill Madden of the NEW YORK DAILY NEWS reported that MLB officials met with LoDuca in 2006 upon learning of gambling habits that caused LoDuca to owe bookmakers money. Read more…