CiderJar Posted January 11, 2014 Report Share Posted January 11, 2014 Link to comment Share on other sites More sharing options...
Red Skin Posted January 11, 2014 Report Share Posted January 11, 2014 Excellent post. Good to see this perspective. Without getting into a debate about SL's tenure and association with the club I would like to see the UK move to the German model where fans own the major stake in their clubs. Good vote winner so I can't why one of the political parties don't take it up. Link to comment Share on other sites More sharing options...
Vincent Vega Posted January 11, 2014 Report Share Posted January 11, 2014 http://www.youtube.com/watch?v=U8Kum8OUTuk........ Link to comment Share on other sites More sharing options...
The Dolman Pragmatist Posted January 11, 2014 Report Share Posted January 11, 2014 Too rich Link to comment Share on other sites More sharing options...
Robbored Posted January 11, 2014 Report Share Posted January 11, 2014 Richer this morning than when he went to bed last night for sure. Link to comment Share on other sites More sharing options...
Rule The Waves Posted January 11, 2014 Report Share Posted January 11, 2014 Worth noting that SL is significantly wealthier than any of these articles, lists know. Steve has been a billionaire for a lot longer than most people know. Link to comment Share on other sites More sharing options...
Kid in the Riot Posted January 11, 2014 Report Share Posted January 11, 2014 Interesting post. Didn't realise Hargreaves Lansdown was worth $48 billion - must be one of the most valuable companies in Europe? Link to comment Share on other sites More sharing options...
Rule The Waves Posted January 11, 2014 Report Share Posted January 11, 2014 Should have said, IIRC HL is the only FTSE 100 company that's pays full rates of business tax in the UK. So the continued success of the company is very good news for the UK. Link to comment Share on other sites More sharing options...
Forza Revolution Posted January 11, 2014 Report Share Posted January 11, 2014 A city fan was saying to me last week the "40 million in losses city made is equivalent to you or I losing 4k in our business". What would you do if your business had made the 4k loss? Chuck some more money at it. Link to comment Share on other sites More sharing options...
Kid in the Riot Posted January 11, 2014 Report Share Posted January 11, 2014 Link to comment Share on other sites More sharing options...
cheshire_red Posted January 11, 2014 Report Share Posted January 11, 2014 There are deep misunderstandings of economics amongst the posters on this thread. Link to comment Share on other sites More sharing options...
RedRock Posted January 11, 2014 Report Share Posted January 11, 2014 Exceedingly. Judging by HL shares performance about 2x wealthier than last year. The millions he's put in would be a smallish percentage of the increase in value of his shares from 12 months trading. That said, he sold a load to invest in the stadium and there's been a massive opportunity lost on profit on those equal to hundreds of millions I suspect. Amazing that SL gets anything other than a massive vote of thanks from supporters of this Club for what he is doing. Much prefer he goes to a tax haven and invests in Bristol Sport which has social and economic benefits for the city than funds MPs lifestyles and other wasters who contribute bugger all to society. Bravo SL. Link to comment Share on other sites More sharing options...
Guest Posted January 11, 2014 Report Share Posted January 11, 2014 More to the point, what is Peter going to do with his stash? Can't take it with you...! Link to comment Share on other sites More sharing options...
sglosbcfc Posted January 11, 2014 Report Share Posted January 11, 2014 Without getting into the politics of it all, can I just say that as a Bristol City supporter I am extremely grateful that we have one of the richest men in the UK as a supporter and backer, for fans that don't agree I say 'Nick Higgs anyone?' Link to comment Share on other sites More sharing options...
Kid in the Riot Posted January 11, 2014 Report Share Posted January 11, 2014 There are deep misunderstandings of economics amongst the posters on this thread. Share the wealth then. Link to comment Share on other sites More sharing options...
Dolman Block B Posted January 11, 2014 Report Share Posted January 11, 2014 Just glad he,s here at City. Trust the man, and only wants to see success. Cant be bad Link to comment Share on other sites More sharing options...
CotswoldRed Posted January 11, 2014 Report Share Posted January 11, 2014 A city fan was saying to me last week the "40 million in losses city made is equivalent to you or I losing 4k in our business". What would you do if your business had made the 4k loss? Chuck some more money at it. Over simplistic. When you have hundreds of millions of pounds it's all play money. None of it risks your home, children's educations, your car or ability to pay your mortgage. Link to comment Share on other sites More sharing options...
CotswoldRed Posted January 11, 2014 Report Share Posted January 11, 2014 Exceedingly. Judging by HL shares performance about 2x wealthier than last year. The millions he's put in would be a smallish percentage of the increase in value of his shares from 12 months trading. That said, he sold a load to invest in the stadium and there's been a massive opportunity lost on profit on those equal to hundreds of millions I suspect. Amazing that SL gets anything other than a massive vote of thanks from supporters of this Club for what he is doing. Much prefer he goes to a tax haven and invests in Bristol Sport which has social and economic benefits for the city than funds MPs lifestyles and other wasters who contribute bugger all to society. Bravo SL. SL sold a huge chunk of his shares near the bottom at just over 2 quid. Link to comment Share on other sites More sharing options...
Rich_s Posted January 11, 2014 Report Share Posted January 11, 2014 Excellent post. Good to see this perspective. Without getting into a debate about SL's tenure and association with the club I would like to see the UK move to the German model where fans own the major stake in their clubs. Good vote winner so I can't why one of the political parties don't take it up. I'd also like to see a model whereby the fans pick the team and buy the players via a voting system. This could all be done online. I don't play computer games but I guess it's similar to a manager game except it would be a voting system over thousands or tens of thousands of fans. Link to comment Share on other sites More sharing options...
Jesus Posted January 11, 2014 Report Share Posted January 11, 2014 I think people are looking at this a bit simplistically. SL hasn't got that in the bank. This will include assets, property, businesses etc. He hasnt simply got whatever billion sat in his Natwest account. Link to comment Share on other sites More sharing options...
And Its Smith Posted January 11, 2014 Report Share Posted January 11, 2014 I'd also like to see a model whereby the fans pick the team and buy the players via a voting system. This could all be done online. I don't play computer games but I guess it's similar to a manager game except it would be a voting system over thousands or tens of thousands of fans. Haha yeah good one! Link to comment Share on other sites More sharing options...
CiderJar Posted January 11, 2014 Author Report Share Posted January 11, 2014 Link to comment Share on other sites More sharing options...
Rule The Waves Posted January 11, 2014 Report Share Posted January 11, 2014 Talking of value of investments, do our fans think it is a coincidence that SL is desperate for us and the wider FA to form strong footballing links with Botswana? Link to comment Share on other sites More sharing options...
Guest Posted January 11, 2014 Report Share Posted January 11, 2014 SL sold a huge chunk of his shares near the bottom at just over 2 quid. I expect all of the shares he sold off he's invested wisely though, given the nature of his business expertise. Link to comment Share on other sites More sharing options...
catcott_red1 Posted January 11, 2014 Report Share Posted January 11, 2014 Link to comment Share on other sites More sharing options...
Abraham Romanovich Posted January 11, 2014 Report Share Posted January 11, 2014 His super wealth and obvious business know how make our predicament all the more remarkable. We are owned by a very rich man yet since his involvement dog walkers have run rings around our stadium plans and we now proudly sit in the relegation zone of league 1. All other rich owners seem to have come in and transformed the club's fortunes whilst we have have not even stood still we appear to have gone backwards. This is no criticism of SL just an observation and I for one think we are extremely lucky to have him as owner. if I had all that money I can think of other places on the planet I would rather be than Bradford away in January- so hats off to SL Link to comment Share on other sites More sharing options...
hippy273 Posted January 11, 2014 Report Share Posted January 11, 2014 I've read somewhere previously he is the 3rd richest chairman in the UK, is this true? Link to comment Share on other sites More sharing options...
the1stknowle Posted January 11, 2014 Report Share Posted January 11, 2014 Can we not just say on this occasion he has done a good thing and should be commended? Im all for a bit of balance and critical analysis, but just because the initial reaction was overwhelmingly positive, it doesn't mean that there then MUST be a counter-reaction about how it's not really that big a deal, or he has his own reasons for doing so or he's really rich so he should. (Spending other people's money!) It was just a sensible move and a generous one. He's a self-made man so I think he realises that 35m quid is still a fair whack of money. And writing off 3.5% of your total wealth is not completely insignificant in anyone's book. Nearly all football clubs lose money so it's not completely fair to say "it's Lansdown's debt". And even if it is his bill then surely he has just paid it! Ive seen over the years on these boards the flack he has taken for NOT investing or "going all in". And now he is trying to make the club self-sufficient, as he wont be around forever, he continues to take flack for "cheap options" and "short cuts". Yet at the same time he takes flack for getting us in to debt. Seems to me that it's really difficult to win when you're a football club owner. For me, we are incredibly lucky to not have to worry about Administration or changes to our name and kit; to have an owner investing in youth and new facilities to generate future income; and one that doesn't tell the manager who to pick in the team. That combination is becoming increasingly rare in football. So again, everything he does must be open to objective, fair critique and I honestly think that is a good thing. But that doesnt mean everything he does needs to be criticised. Writing off well over half our total debt is just a really good thing for this football club. Link to comment Share on other sites More sharing options...
CotswoldRed Posted January 11, 2014 Report Share Posted January 11, 2014 I expect all of the shares he sold off he's invested wisely though, given the nature of his business expertise. Much of it for the stadium project. Link to comment Share on other sites More sharing options...
Portland Bill Posted January 11, 2014 Report Share Posted January 11, 2014 Just glad he,s here at City. Trust the man, and only wants to see success. Cant be bad Agreed Arn, people say he's made mistakes,of course has,we all do. But to me he has always come across as a good honest bloke.who only wants the best for BCFC. He's paying for either a brand new ground or a nearly new AG,no one else is going to! Link to comment Share on other sites More sharing options...
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