I know some very wealthy people, most who started with nothing, some who have more money than they'll ever need still work ridiculous hours and almost all of them have taken massive risks at some point to achieve what they have.
I imagine there is a lot of stress involved when dealing in huge amounts of money. The more you have the more you could lose. I don't think running a club even the size of ours through these times is a receipt for a long life either. Over the years those who have been most successful with City are those who did it with other peoples money, not their own. Not many of those either, I can think of Adam Pearson and .......? The Allams and David Lloyd are the only exceptions I can think of. The Allams loan the club their own money and take the risk. Lloyd put his own money in and got his fingers burnt very quickly and wasn't at all successful. Harold Needler funded the club in a similar way using his own company, all the others have used other peoples money. Several have run up huge debts then pissed off leaving it to someone else to pick up the tab.
On the other hand I know plenty that work hard and take risks every day, who on paper are millionaires but struggle to make ends meet. Farmers, not all but many are asset rich cash poor.
Breaking news... New Hull City owners next Friday! Oh and for the pedants, Derby was a town before Lizzie's silver jubilee.
your arguing mine and OLM,s point. There are many ways to be a multi millionaire be it cash, assets or both. Many assets also. The theme is the hard work, risk and commitment made to get there. I also deal with these people on a daily basis. Don’t really come across those who have won/inherited money but I do know they are in the minority. And if you have earnt money then bloody enjoy it. What’s the point otherwise.
A recent conversation with one such, "how about taking it easy now?" I am. I have cut my hours down to just 40 hours a week.
An American consultant was at a pier in a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellow-fin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them. The Mexican replied only a little while. The consultant then asked why didn’t he stay out longer and catch more fish? The fisherman said he had enough to support his family’s immediate needs. The American then asked the Mexican how he spent the rest of his time. The Mexican fisherman said, “I sleep late, fish a little, play with my children, take siesta with my wife, Maria, stroll into the village each evening where I sip wine and play guitar with my amigos. I have a full and busy life, senor.” The American consultant scoffed, “I am business consultant and could help you. You should spend more time fishing and, with the proceeds, buy a bigger boat. With the proceeds from the bigger boat, you could buy several boats, eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing and distribution. “You would need to leave this small coastal fishing village and move to Mexico City, then LA and eventually NYC where you will run your expanding enterprise.” The Mexican fisherman asked, “But senor, how long will this all take?” To which the American consultant replied, “15-20 years.” “But what then, senor?” asked the fisherman. The consultant laughed, and said, “That’s the best part! When the time is right, you would announce an IPO and sell your company stock to the public. You’ll become very rich, you would make millions!” “Millions, senor?” replied the Mexican. “Then what?” The American said, “Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”
Amazingly, I am not too worried. Hull is a town still. According to rugby fans who don't get the hint offered by the name of the local football club.
Obviously a club which owns its own stadium is more desirable in the same way as a Porche would generally be considered more desirable than a Ford Focus. But when both are priced accordingly it doesn't mean the I'm not convinced that those were the 'only actual facts'. Were all the facts disclosed? Was the alleged 'knock back' of the Chinese consortium by the PL actually confirmed by the PL themselves? I know there were allegations that one member of the consortium was considered unfit but was that ever confirmed by the PL and even if so could that not have been worked around such that the alleged unfit person was simply not included? There were certainly other interested parties as I suspect you know. Some were put off before money was 'put on the table' and for various reasons including the reported last minute additional charge to include the SMC. Some might question the seriousness of potential buyers but if the owners are not serious about selling then a sale will not happen. Yes, I read the programme notes and I was not entirely surprised when the sale did not go ahead. I wasn't convinced that the owners were fully committed about selling then and I am certainly not convinced that they are serious about selling now. As the old saying goes 'Anything will sell if the price is right'. As you say we don't know the actual price for which the club might eventually be sold but we do regularly hear that Ehab's supposedly 'reduced' asking price is totally unrealistic according to football finance specialists. While the price remains unrealistic I believe it isn't really for sale at all. I'd be happy to be proved wrong though!
Clearly there are many people who have worked very hard to become wealthy. Not nearly as many as those who have worked very hard and not become wealthy. However it has been proved that the most the most successful way to become very rich is to be born very rich.
Well done for stating the bleeding obvious! Of course being born rich is the easiest/most successful way of becoming rich!
Seems that went over your head there Howden. Whilst it obviously is true it certainly wasn't meant to be informative - just a light hearted joke kind of remark.
My dad used to swear by Vauxhalls, but it was only because the dealer was at top of our road so he didn't have too far to walk home when he got it serviced.