Tyler Durden Posted May 16, 2021 Share Posted May 16, 2021 9 minutes ago, RoyMac5 said: Still, what's he gonna do with it all? Can't do owt with it. All tied up in stocks and shares and property investments. Link to comment Share on other sites More sharing options...
RoyMac5 Posted May 16, 2021 Share Posted May 16, 2021 Just now, Tyler Durden said: Can't do owt with it. All tied up in stocks and shares and property investments. Yes, yes. But eventually what to do with it?! Can he take it with him? Tyler Durden 1 Link to comment Share on other sites More sharing options...
kevinhectoring Posted May 16, 2021 Share Posted May 16, 2021 1 hour ago, RoyMac5 said: He was valued at around £500m and still is. I've got no money, so I'm interested, what do super-rich people do with their money? Most of them use it to make more money. Link to comment Share on other sites More sharing options...
europia Posted May 16, 2021 Share Posted May 16, 2021 20 minutes ago, kevinhectoring said: Most of them use it to make more money. Alternatively, buy a football club and turn your large fortune into a small fortune.... kevinhectoring 1 Link to comment Share on other sites More sharing options...
i-Ram Posted May 16, 2021 Share Posted May 16, 2021 1 hour ago, Tamworthram said: I think it’s been said before that he maybe worth something like £500m but that doesn’t mean he’s got such an amount in ready cash. I would imagine the vast majority of his “worth” is in the form of investments, property, business ownership etc. Poor him. Link to comment Share on other sites More sharing options...
Rev Posted May 16, 2021 Share Posted May 16, 2021 1 hour ago, Tamworthram said: I think it’s been said before that he maybe worth something like £500m but that doesn’t mean he’s got such an amount in ready cash. I would imagine the vast majority of his “worth” is in the form of investments, property, business ownership etc. Yet, he said during the 'Our day with Mel' thread on here that all his money was cash, not assets. He made a specific point of it, that he could write out a mind boggling cheque and have the bank account to honour it, unlike most other football club owners. Admittedly that was 5 or so years ago,so he's probably invested the money into Debenhams and Arcadia. i-Ram, David Graham Brown, Tamworthram and 1 other 4 Link to comment Share on other sites More sharing options...
Tamworthram Posted May 17, 2021 Share Posted May 17, 2021 8 hours ago, Rev said: Yet, he said during the 'Our day with Mel' thread on here that all his money was cash, not assets. He made a specific point of it, that he could write out a mind boggling cheque and have the bank account to honour it, unlike most other football club owners. Admittedly that was 5 or so years ago,so he's probably invested the money into Debenhams and Arcadia. Perhaps he’s not as astute as we all thought he was then if he’s got c£500m just sitting around in cash. Seems incredibly unlikely but, if that’s what he said.... Link to comment Share on other sites More sharing options...
Tamworthram Posted May 17, 2021 Share Posted May 17, 2021 8 hours ago, i-Ram said: Poor him. Don’t be silly. I’m not suggesting we should feel sorry for him. Just that I think it’s very unlikely he (or any one on rich lists) can easily turn a large proportion of their wealth into cash very easily. David Graham Brown 1 Link to comment Share on other sites More sharing options...
i-Ram Posted May 17, 2021 Share Posted May 17, 2021 3 minutes ago, Tamworthram said: Perhaps he’s not as astute as we all thought he was then if he’s got c£500m just sitting around in cash. Seems incredibly unlikely but, if that’s what he said.... Unlikely? These are actual images of Mel’s bed circulating on Twitter. He is so flush with cash that he actually waited for a day when Oak Furniture Land didn’t have a sale offer on to buy his bed. Tamworthram 1 Link to comment Share on other sites More sharing options...
i-Ram Posted May 17, 2021 Share Posted May 17, 2021 9 minutes ago, Tamworthram said: Don’t be silly. I’m not suggesting we should feel sorry for him. Just that I think it’s very unlikely he (or any one on rich lists) can easily turn a large proportion of their wealth into cash very easily. Link to comment Share on other sites More sharing options...
BaaLocks Posted May 17, 2021 Share Posted May 17, 2021 (edited) As for the OP, statement: Mel will say what needs saying when it needs saying. Before then it will just be vapid wishes and cloaked intents and none of us want or need that. As for his personal finances: Someone having cash and someone wanting to spend it are very different. None of us know how much of it he has already spent and how much more he is able to spend. What is clear is how much he remains willing to spend, which is as little as possible. So the sooner the clear statement comes that he has sold the club, to someone credible and able (both of which would be an advance on the options already tabled) then great. But fans getting impatient, because the new owners haven't ponied up the cash to splash in the summer window, is about as low down the list as it can be. Edited May 17, 2021 by BaaLocks Link to comment Share on other sites More sharing options...
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