Sunday, Nov 23, 2008
Footballer turned BTL king
Daily Star: CRUNCH-HIT FOWLER KOP OF THE POPS
FOOTIE ace Robbie Fowler is down £12million in the credit crunch.The Liverpool legend’s property empire – once worth £30million – has plummeted 40%.
Robbie ploughed his earnings solely into flats and houses. It worked at first because he tripled his fortune. He would never have anticipated the economic meltdown that has left the property industry in freefall. Because Robbie has put his money into the top end of the market, he’s suffering more than most.
So renowned was he as the “buy-to-let king”, fans at his former club Manchester City sang to the tune of Yellow Submarine: “We all live in a Robbie Fowler house.”
Posted by little professor @ 08:04 PM (1169 views) Add Comment
22 Comments
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1. paul said...
Ckkalm down.
2. Alan Lubin said...
we did sing that. he never earned a penny of the money he was paid to start with let alone the 'fortune' made from BTL
3. plato said...
Make that £20 million down this time next year. Top end of the market?....... 'In the early 90s he snapped up 15 terraces in Oldham, Lancashire, for less than £1million.'
I think not!
4. planning4acrash said...
Just imagine how wealthy he would be now had he bought gold bullion!
5. planning4acrash said...
Guess he should have visited housepricecrash.co.uk !!
6. quiet guy said...
Give the guy a break; you can't expect a footballer to be an economic expert. I think most of us would give an arm to have his kind of money 'problems'.
7. plato said...
I believe this was quite a popular 'investment' type amongst the footballing fraternity,who in the majority of cases rely on smart 'advice' as to where best to stash the cash....... Oh dear! 'Sold a dummy' I do believe. Still easy come - easy go.
8. mountain goat said...
"Down £12million" is wrong since he probably hasnt sold. Since his £30million originally was simply housing debt he stands to lose the lot not just £12million unless he is smart and sells the whole lot right now.
9. planning4acrash said...
Give him a break?!?! I wish he'd have given us a break, because its people like him who propped up the system. Aldous Huxley talked about people learning to love their servitude. This is an example of that. If all the people said no and didn't participate, the system could not work and we would regain liberty.
10. quiet guy said...
@mountain goat
I'm assuming that he bought cash, in which case he is still quite comfortable, financially speaking. Highly paid footballers live in a different world.
@planning4crash
"its people like him who propped up the system."
I doubt Robbie Fowler is interested in 'the system' or whatever. He is a footballer who sunk his cash into property. I don't like the speculative BTLers who have tried to cash in on the next generation's plight either but that's not the same thing as saying that I don't like rich people.
11. Farmersteve said...
he is such a hypocrite, does anyone else remember a few years back he caused controversy when celebrating on the pitch after scoring a goal, he pulled up his top to reveal a t shirt saying "support the dockers" this was during a dockers strike if i remember correctly. But here he is buying up all the houses in a whole area pushing up the prices so the working class people he claims to support can't afford to buy and had to rent off him
12. wiltshire said...
"He would never have anticipated the economic meltdown that has left the property industry in freefall." He might have if he'd visited this site regularly!
13. planning4acrash said...
Quiet Guy. If he had have known the system, he would have know that he was destroying his future, is families future, his nation's future. He would also have been rich, buying gold!
14. theboltonfury said...
Robbie Fowler is minted - end of.
He still gets a premiership wage, and has done for 17 years. Nevermind his property portfolio.
15. Will said...
Of course he wasn't prepared for a downturn - he's a footballer not a businessman - stick to kicking the ball around the park Robbie.
16. fjcruiser said...
He thought he was diversifying by buying into Dubai. Wise move buddy!
17. lierbag said...
Footballers generally regard their fans with contempt. But, as football fans are predictably stupid and gullible, we really shouldn't hold that against them. Let's look at the Merseyside clubs for example. In the Everton camp, you had someone like Wayne Rooney - a 'true-blue' with the tattoos to match, who ran for the doors once a lucrative contract was waved under his nose by Alex Ferguson, and who now routinely kisses the badge of his MUFC shirt to antagonise his former Everton brethren. Then Liverpool (whose owners are currently trying to secure the copyright on the city's own Liver Bird image! ) who, like Everton, actually charge thousands for those kiddie-mascots you see running out onto the pitch with the team, making it effectively the preserve of the children of the wealthy. LFC . . officially bottom of the league when it comes to charitable donations and financial support for the local community, where you have an oaf like Gerrard . . always on about 'doing it for the fans', and 'we owe it to the fans', despite his and his team-mates' always angling for improved and renewed contracts (as if a wage in excess of £100k a week was some form of pittance); and basically taking the money directly out of the pockets of those who can probably least afford it. The same people they seemingly can't get away from fast enough - either by moving to Caldy, on the Wirral, up the coast to Formby, or to exclusive artificial islands in the middle-east, constructed for the soccer plutocracy. And in a city eviscerated by Thatcherism during the 1980s, isn't it hilarious watching the faithful cheer on the efforts made on their behalf by players, every one of whom, you just know, votes Tory? Saps.
18. need-a-crash said...
@17. Apart from your anti-Tory comments I agree with you... but then as a Tory I hate football anyway and would happily see it banned for all the corruption and violence it brings! Wasn't last summer SOOO GOOD that we weren't in the tournament.
19. lierbag said...
need-a-crash: 'Apart from your anti-Tory comments I agree with you'.
Welcome aboard! I'm even more anti-Labour, if that makes you feel any better. Personally, I'd like to see football supporters take a year off from their Pavlovian attendance at games, to force clubs' entrance prices - and certainly the salaries their players command - come right back down to sane levels. £70+ pounds (incl. of travel, parking, programme, food etc) for an afternoon out, doesn't strike me as value for money. I can't see it being sustained either, the way the economy's going.
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