wendyredredrobin Posted October 2, 2017 Posted October 2, 2017 Read over the weekend that Steve has just sold £190 million of Hargreaves Lansdown shares. Whilst this is enough to buy Neymar, I doubt whether this money is destined for BCFC or Bristol Sport, more likely an investment into another financial firm/fund manager. Any chance of some of it coming the way of BCFC do you think?
Port Said Red Posted October 2, 2017 Posted October 2, 2017 8 minutes ago, wendyredredrobin said: Read over the weekend that Steve has just sold £190 million of Hargreaves Lansdown shares. Whilst this is enough to buy Neymar, I doubt whether this money is destined for BCFC or Bristol Sport, more likely an investment into another financial firm/fund manager. Any chance of some of it coming the way of BCFC do you think? I don't really understand FFP but I don't think it can spent directly on the squad? Maybe some of it would fund whatever is required to get us up to Cat 1 Academy status and maybe to get the an arena for the Flyers?
nickolas Posted October 2, 2017 Posted October 2, 2017 Should the title of this not be Lansdowns BILLIONS?!
wendyredredrobin Posted October 2, 2017 Author Posted October 2, 2017 Just about everyone else seems to get around the ffp rules when it suits them.
Bristol Rob Posted October 2, 2017 Posted October 2, 2017 Building a selection of chess sets made out of Andy Tilsons.
BCFC Rich Posted October 2, 2017 Posted October 2, 2017 8 minutes ago, nickolas said: Should the title of this not be Lansdowns BILLIONS?! No because he it's only referring to £196m of his fortune.
chinapig Posted October 2, 2017 Posted October 2, 2017 4 minutes ago, Rudolf Hucker said: Upgrading the sprinklers. Premier League ready sprinklers? I like your thinking.
wendyredredrobin Posted October 2, 2017 Author Posted October 2, 2017 So what the hell is the difference between l1 sprinklers, championship ready sprinklers and premiership sprinklers then? Does champagne come out of the prem ones? We can guess what comes out of the sags sprinklers though.
BCFC Rich Posted October 2, 2017 Posted October 2, 2017 3 minutes ago, wendyredredrobin said: So what the hell is the difference between l1 sprinklers, championship ready sprinklers and premiership sprinklers then? Does champagne come out of the prem ones? We can guess what comes out of the sags sprinklers though. Umm the prem ones are called prem sprinklers.
Lrrr Posted October 2, 2017 Posted October 2, 2017 Has he finally acquired all the housing behind the Atyeo? Think whoevers suggestion of funding the building of a new academy is a decent shout. Something like Swansea have would be great.
Lrrr Posted October 2, 2017 Posted October 2, 2017 6 minutes ago, wendyredredrobin said: So what the hell is the difference between l1 sprinklers, championship ready sprinklers and premiership sprinklers then? Does champagne come out of the prem ones? We can guess what comes out of the sags sprinklers though. These are Premier Sprinklers http://www.jandspremiersprinkler.com
Coombsy Posted October 2, 2017 Posted October 2, 2017 It's to build the hotel on the wicks and dream land site
A Darkwood Red Posted October 2, 2017 Posted October 2, 2017 It's been earmarked for a new cat 1 academy incorporating a stadium for the women's team. Apparently they're looking at some derelict land near UWE.
Phileas Fogg Posted October 2, 2017 Posted October 2, 2017 46 minutes ago, wendyredredrobin said: Read over the weekend that Steve has just sold £190 million of Hargreaves Lansdown shares. Whilst this is enough to buy Neymar, I doubt whether this money is destined for BCFC or Bristol Sport, more likely an investment into another financial firm/fund manager. Any chance of some of it coming the way of BCFC do you think? Find it a bit weird when our fans think all of Lansdown's wealth should be spent on the club. It's not like he is tight on spending - we've broken out transfer record twice in two seasons
wendyredredrobin Posted October 2, 2017 Author Posted October 2, 2017 4 minutes ago, Phileas Fogg said: Find it a bit weird when our fans think all of Lansdown's wealth should be spent on the club. It's not like he is tight on spending - we've broken out transfer record twice in two seasons! I don't think he should. It's just a case of whether he wants to.
Phileas Fogg Posted October 2, 2017 Posted October 2, 2017 4 minutes ago, wendyredredrobin said: I don't think he should. It's just a case of whether he wants to. Well probably not, it would be foolish. As a financial adviser you'd never advise someone to invest in a football club - the return is horrendous. He wants the club to be self sufficient eventually.
Lrrr Posted October 2, 2017 Posted October 2, 2017 9 minutes ago, Phileas Fogg said: Find it a bit weird when our fans think all of Lansdown's wealth should be spent on the club. It's not like he is tight on spending - we've broken out transfer record twice in two seasons Potentially not a case of should, more a case of track record. How often does SL selling off that sort of portion of his share lead to some investment in City? Could be something totally different and good on him if it is, he's earned it.
CyderInACan Posted October 2, 2017 Posted October 2, 2017 52 minutes ago, P'head Red said: Preparing for the premier league. Yes. For the rugby.
wendyredredrobin Posted October 2, 2017 Author Posted October 2, 2017 6 minutes ago, Phileas Fogg said: Well probably not, it would be foolish. As a financial adviser you'd never advise someone to invest in a football club - the return is horrendous. He wants the club to be self sufficient eventually. Haha. You don't know some of the financial advisers that I do. Some of them would sell their mothers if they got paid enough commission (sorry fee -they dont call it commission any more).:)
BobBobSuperBob Posted October 2, 2017 Posted October 2, 2017 4 minutes ago, Phileas Fogg said: Well probably not, it would be foolish. As a financial adviser you'd never advise someone to invest in a football club - the return is horrendous. He wants the club to be self sufficient eventually. Your wealth must get to the stage where you're not really interested in investments or making more money His wealth will look after the Lansdown Family for generations and some - surely you'd spend on what you enjoy - what's the point in making millions you could never spend or enjoy No reason that has to be City , (But in his position I'd have some fun with a bit of change here and there )
RumRed Posted October 2, 2017 Posted October 2, 2017 36 minutes ago, Coombsy said: It's to build the hotel on the wicks and dream land site Unlikely to be funded by selling shares, surely it’s just an agreed exit strategy from the business? Why would you sell shares in a successful business when you can borrow for effectively f’all at the moment?
Fiale Posted October 2, 2017 Posted October 2, 2017 Maybe for the indoor arena and hotel on the land he has aquired on Winterstoke road. Not sure how much longer until Wikes etc move, but presumably he needs to start getting the money in place in anticipation, selling now as he feels it's a good price int he time scale he's looking at ?
wendyredredrobin Posted October 2, 2017 Author Posted October 2, 2017 11 minutes ago, Shtanley said: The gas reckon it's money for Billy Bodin No chance, he's worth more than Neymar.
22A Posted October 2, 2017 Posted October 2, 2017 If City make it to the Prem and start receiving loads of cash from the Prem & TV etc, it would pay off City's current debts. Any surplus of that money could be used for team building and ground improvements. However has Steve Lansdown given money to City or just loaned it in the hope that one day City will pay him back? If he's loaned it, I have no objections to City repaying him, but if City do show a profit, is there a definite list of priorities of where the money goes?
slartibartfast Posted October 2, 2017 Posted October 2, 2017 7 minutes ago, 22A said: If City make it to the Prem and start receiving loads of cash from the Prem & TV etc, it would pay off City's current debts. Any surplus of that money could be used for team building and ground improvements. However has Steve Lansdown given money to City or just loaned it in the hope that one day City will pay him back? If he's loaned it, I have no objections to City repaying him, but if City do show a profit, is there a definite list of priorities of where the money goes? Just a loan..........and he's stuck another charge on the Swamp !
wendyredredrobin Posted October 2, 2017 Author Posted October 2, 2017 I believe that he converted all his loans to share capital.
Slippin cider Posted October 2, 2017 Posted October 2, 2017 1 hour ago, Rudolf Hucker said: Upgrading the sprinklers. And the crappy PA system! ....
Frenchay Red Posted October 2, 2017 Posted October 2, 2017 May have something to do with Ravenscroft Investments on Guernsey. SL was on Sky business news this week being interviewed. I only caught the very end of it. But he is still very much active in his field of expertise apparently.
ZiderEyed Posted October 2, 2017 Posted October 2, 2017 6 minutes ago, Frenchay Red said: May have something to do with Ravenscroft Investments on Guernsey. SL was on Sky business news this week being interviewed. I only caught the very end of it. But he is still very much active in his field of expertise apparently. The guys from Harry Potter?
Frenchay Red Posted October 2, 2017 Posted October 2, 2017 3 minutes ago, ZiderEyed said: The guys from Harry Potter? Can't help you there. Never watched a HP film!
And Its Smith Posted October 2, 2017 Posted October 2, 2017 3 minutes ago, Frenchay Red said: Can't help you there. Never watched a HP film! Cos you arent a child yes? Thats my reason
Frenchay Red Posted October 2, 2017 Posted October 2, 2017 10 minutes ago, RedDave said: Cos you arent a child yes? Thats my reason Indeed, though my wife and adult daughter like them. But not my thing really.
zippycar Posted October 2, 2017 Posted October 2, 2017 The Hargreaves Lansdown shares have stagnated for the past three or four years and so I would suspect that he is looking for a better return for (some) of his money.
Nibor Posted October 2, 2017 Posted October 2, 2017 1 hour ago, BobBobSuperBob said: Your wealth must get to the stage where you're not really interested in investments or making more money His wealth will look after the Lansdown Family for generations and some - surely you'd spend on what you enjoy - what's the point in making millions you could never spend or enjoy No reason that has to be City , (But in his position I'd have some fun with a bit of change here and there ) I've spent a little time around very wealthy people recently, I'd have agreed with you before hand. Truth is anybody worth hundreds of millions has had their life exactly how they want it for a long time, they have total freedom in how their time is spent and most remain involved in business for a long time afterwards. It's not that they need more money it's the process of getting it they enjoy. They can be anything from narcissistic control freaks through to altruistic philanthropists but they all enjoy being involved in deals and making things happen even if it becomes more of a hobby than a career. I expect all SL is doing here is recognising it's a prudent time to take money out of the FTSE and put it into something not tied to the UK during this brief window post brexit vote and pre brexit deal where things are relatively sane. His investment in City has been great, if only it had been targeted a few years ago as well as it is now.
A Darkwood Red Posted October 2, 2017 Posted October 2, 2017 1 hour ago, Nibor said: I've spent a little time around very wealthy people recently, I'd have agreed with you before hand. Truth is anybody worth hundreds of millions has had their life exactly how they want it for a long time, they have total freedom in how their time is spent and most remain involved in business for a long time afterwards. It's not that they need more money it's the process of getting it they enjoy. They can be anything from narcissistic control freaks through to altruistic philanthropists but they all enjoy being involved in deals and making things happen even if it becomes more of a hobby than a career. I expect all SL is doing here is recognising it's a prudent time to take money out of the FTSE and put it into something not tied to the UK during this brief window post brexit vote and pre brexit deal where things are relatively sane. His investment in City has been great, if only it had been targeted a few years ago as well as it is now. I agree with you. In principle, however with SL moving away he has had less to do with HL however Hargreaves used to go into the office every day even though he had relinquished control
wendyredredrobin Posted October 2, 2017 Author Posted October 2, 2017 2 hours ago, zippycar said: The Hargreaves Lansdown shares have stagnated for the past three or four years and so I would suspect that he is looking for a better return for (some) of his money. They have risen very nicely over the last few weeks peaking at over £15. Since Steve sold a pile and they went XD they have dropped a bit though. Still a market leader with a loyal client base and a prwtty good reputation along with strong growth, look decent to me.
The goal is that way Posted October 2, 2017 Posted October 2, 2017 3 hours ago, Phileas Fogg said: Find it a bit weird when our fans think all of Lansdown's wealth should be spent on the club. It's not like he is tight on spending - we've broken out transfer record twice in two seasons It's peanuts to him what he spends on bcfc. It's like most of us getting a 'half season' ticket
beaverface Posted October 2, 2017 Posted October 2, 2017 Out of interest, when youve sold your shares for £190million, where do you keep that amount of cash? Dont banks only guarantee a hundred grand if they go bust????!!
pride of the west Posted October 2, 2017 Posted October 2, 2017 He's heard through the grapevine that there's an opportunity which has recently arisen at a local university. They are apparently crying out for a stadium and with his expertise in delivering a world class stadium where the quality of sprinklers is unquestionable, he sees a great investment opportunity to bring athletics into the Bristol Sport family.
pride of the west Posted October 2, 2017 Posted October 2, 2017 17 minutes ago, beaverface said: Out of interest, when youve sold your shares for £190million, where do you keep that amount of cash? Dont banks only guarantee a hundred grand if they go bust????!! You won't keep that amount of cash in a natwest current account. It will be with an investment bank where it can be liquidated at short notice. Assuming he's ear marked the funds for investment somewhere in the near future.
Fiale Posted October 2, 2017 Posted October 2, 2017 1 hour ago, pride of the west said: You won't keep that amount of cash in a natwest current account. It will be with an investment bank where it can be liquidated at short notice. Assuming he's ear marked the funds for investment somewhere in the near future. Maybe he's just keeping it in the form of once of those giant cardboard cheques. It would fit perfectly under the mattress until needed.
Nibor Posted October 2, 2017 Posted October 2, 2017 1 hour ago, beaverface said: Out of interest, when youve sold your shares for £190million, where do you keep that amount of cash? Dont banks only guarantee a hundred grand if they go bust????!! The government only guarantee about £86k from memory. The ultra rich will be banking with private banks - very different than the ones the likes of us use. £1m minimum deposit, fees in the thousands of pounds a year range but getting a totally different class of service. They've got no worries about guarantees there really. I expect most of the capital gets invested elsewhere pretty quickly though.
WTFiGO!?! Posted October 3, 2017 Posted October 3, 2017 6 hours ago, BobBobSuperBob said: Your wealth must get to the stage where you're not really interested in investments or making more money His wealth will look after the Lansdown Family for generations and some - surely you'd spend on what you enjoy - what's the point in making millions you could never spend or enjoy No reason that has to be City , (But in his position I'd have some fun with a bit of change here and there ) You'd think so, wouldn't you? But for a person who's career's purpose is to solely make money, that really isn't the case. An addict always wants more, they can never get enough. It would be a bit like suggesting to Alex Ferguson that he's won enough trophies, so to chill out. I know a former investment banker who chose a change in career because although he would now be a multi-millionaire he just could not see the point.
CyderInACan Posted October 3, 2017 Posted October 3, 2017 11 hours ago, Fiale said: Maybe for the indoor arena and hotel on the land he has aquired on Winterstoke road. Not sure how much longer until Wikes etc move, but presumably he needs to start getting the money in place in anticipation, selling now as he feels it's a good price int he time scale he's looking at ? From hints dropped on here before I think that deal is somehow tied in with some of the land at AV being used by the council? Maybe to do with the building of houses on the Alderman Moores site? Pretty sure there's been no public progress on that since it was announced by BCC earlier this year. Either way, the Wickes deal going ahead seems to rest on a deal with the council. Sure @Dollymarie has mentioned this before on here.
Guest Posted October 3, 2017 Posted October 3, 2017 He's just peacocking, telling whoever wins this week's euromillions "you got nothing"
Whale Eye Beef Hooked Posted October 3, 2017 Posted October 3, 2017 Planning has gone in for new training ground on AV so I'm told
Ivorguy Posted October 3, 2017 Posted October 3, 2017 Surely just prudent planning in advance of the Brexit car crash
Guest Posted October 3, 2017 Posted October 3, 2017 11 hours ago, Nibor said: I've spent a little time around very wealthy people recently, I'd have agreed with you before hand. Truth is anybody worth hundreds of millions has had their life exactly how they want it for a long time, they have total freedom in how their time is spent and most remain involved in business for a long time afterwards. It's not that they need more money it's the process of getting it they enjoy. They can be anything from narcissistic control freaks through to altruistic philanthropists but they all enjoy being involved in deals and making things happen even if it becomes more of a hobby than a career. I expect all SL is doing here is recognising it's a prudent time to take money out of the FTSE and put it into something not tied to the UK during this brief window post brexit vote and pre brexit deal where things are relatively sane. His investment in City has been great, if only it had been targeted a few years ago as well as it is now. The van hoogstraten documentary on YouTube is a fascinating watch. Horrible evil man who probably should be inside but he never stops working/accumulating money
Alessandro Posted October 3, 2017 Posted October 3, 2017 11 hours ago, Nibor said: I've spent a little time around very wealthy people recently, I'd have agreed with you before hand. Were you a contestant on the apprentice?!
1bristolcity Posted October 3, 2017 Posted October 3, 2017 12 hours ago, RedDave said: Cos you arent a child yes? Thats my reason Oh come on, you will be telling me next you never played FIFA, you need to get real, can't talk about anything that will bore the kids. SL is just loaded, it matters not to them how he achieved it.
Fiale Posted October 3, 2017 Posted October 3, 2017 2 hours ago, CyderInACan said: From hints dropped on here before I think that deal is somehow tied in with some of the land at AV being used by the council? Maybe to do with the building of houses on the Alderman Moores site? Pretty sure there's been no public progress on that since it was announced by BCC earlier this year. Either way, the Wickes deal going ahead seems to rest on a deal with the council. Sure @Dollymarie has mentioned this before on here. Was that not the training ground. The council like housing or community projects to be part of large planning applications so affordable housing was going to be included in part for the scheme. To be honest it's all be so long since I heard the plans (and even then it was rumour / 2nd hand info) I cannot remember the original fact from all the speculation since.
CyderInACan Posted October 3, 2017 Posted October 3, 2017 13 minutes ago, Fiale said: Was that not the training ground. The council like housing or community projects to be part of large planning applications so affordable housing was going to be included in part for the scheme. To be honest it's all be so long since I heard the plans (and even then it was rumour / 2nd hand info) I cannot remember the original fact from all the speculation since. Deffo Wickes I think
Guest Posted October 3, 2017 Posted October 3, 2017 15 hours ago, wendyredredrobin said: Read over the weekend that Steve has just sold £190 million of Hargreaves Lansdown shares. Whilst this is enough to buy Neymar, I doubt whether this money is destined for BCFC or Bristol Sport, more likely an investment into another financial firm/fund manager. Any chance of some of it coming the way of BCFC do you think? I think a little bit of lateral thinking is needed here. SL should indicate that there will be a free bar for fans should we get promoted because I suspect support and attendance would go up? It would probably be cheaper than buying a new player.
Chairman Mao Posted October 3, 2017 Posted October 3, 2017 12 hours ago, wendyredredrobin said: They have risen very nicely over the last few weeks peaking at over £15. Since Steve sold a pile and they went XD they have dropped a bit though. Still a market leader with a loyal client base and a prwtty good reputation along with strong growth, look decent to me. Concerns over cooling markets which have seen a remarkable bull run since March 2009. HL is linked to the success of the financial markets and investors appetite to place their money in them. In the medium term you have to assume these historic highs the likes of the FTSE and NASDAQ are experiencing cannot be sustained, especially as QE is unwound and interest rates start to rise.
And Its Smith Posted October 3, 2017 Posted October 3, 2017 5 hours ago, 1bristolcity said: Oh come on, you will be telling me next you never played FIFA, you need to get real, can't talk about anything that will bore the kids. SL is just loaded, it matters not to them how he achieved it. Sorry i dont understand what you are talking about. Is it Harry Potter language?
Rudolf Hucker Posted October 3, 2017 Posted October 3, 2017 2 hours ago, RedDave said: Sorry i dont understand what you are talking about. Is it Harry Potter language? Bloody muggle
Sarumred Posted October 3, 2017 Posted October 3, 2017 21 hours ago, wendyredredrobin said: I believe that he converted all his loans to share capital. Yes he did.
Nibor Posted October 3, 2017 Posted October 3, 2017 11 hours ago, Alessandro said: Were you a contestant on the apprentice?! Hard to imagine something I'm less likely to do. Nope just trying to convince some of them to part with their not so hard earned...
Alessandro Posted October 3, 2017 Posted October 3, 2017 2 hours ago, Nibor said: Hard to imagine something I'm less likely to do. Nope just trying to convince some of them to part with their not so hard earned... Good luck!!
DOLMANDAN Posted October 3, 2017 Posted October 3, 2017 Say all you like im glad we have him as a benefactor
zippycar Posted October 3, 2017 Posted October 3, 2017 15 hours ago, Tomarse said: The van hoogstraten documentary on YouTube is a fascinating watch. Horrible evil man who probably should be inside but he never stops working/accumulating money Also a great song called Sheriff Fatman by Carter the Unstoppable Sex Machine Ladies and gentlemen I give you Sheriff Fatman
BCFC Rich Posted October 3, 2017 Posted October 3, 2017 4 hours ago, Nibor said: Hard to imagine something I'm less likely to do. Nope just trying to convince some of them to part with their not so hard earned... Dragons den then.
Mr Popodopolous Posted October 4, 2017 Posted October 4, 2017 Can't be for investment direct in the team, be it fees or wages, owing to FFP. Maybe it's for club infrastructure...or something else entirely, with nothing to do with us.
Leveller Posted October 4, 2017 Posted October 4, 2017 9 minutes ago, Mr Popodopolous said: Can't be for investment direct in the team, be it fees or wages, owing to FFP. Maybe it's for club infrastructure...or something else entirely, with nothing to do with us. He's probably just widening his investments - most of his net worth is in HL, so a big concentration risk, that is a concern. It's inevitable with entrepreneurs but as he has retired he probably just has a strategy to reduce his percentage holding. Obviously that cant be done all at once as it would suggest a problem to the market, so he may have an agreement to control any reduction in his holding over time. Or perhaps we're buying Neymar.
EnderMB Posted October 4, 2017 Posted October 4, 2017 On 10/3/2017 at 08:21, Ivorguy said: Surely just prudent planning in advance of the Brexit car crash Isn't his partner a huge supporter of Brexit, pouring his own money into the campaign? I'd be surprised if two partners with a multibillion pound business would disagree on something this big, especially when it'll have such a big impact on their business? Then again, it wouldn't surprise me, as my experiences of HL aren't that great.
Rudolf Hucker Posted October 4, 2017 Posted October 4, 2017 19 minutes ago, Leveller said: Or perhaps we're buying Neymar. It's the second and final instalment to the Gas for Matt Taylor. £300K down ...
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