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ralphmalph

Apprentice Star Property Empire Collapses

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Was he the slaphead hardarse, the one with the Aston, or the one who looked like he got bullied at school?

The loutish one.

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Ah, the obnoxious cockney tw@t.

Someone mentioned this was going to happen in a thread on here a couple of months ago.

I'm sure he's busy raising cash from one of his barra-boy chums to buy the stuff back on the cheap and leave the banksters holding the losses.

Edit: "I see from your CV that you remarkably managed to go bust investing in property during the biggest property boom in the history of property booms - Why exactly should I give you a job at McDonalds Mr Emsley?"

Edited by Red Kharma

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Here's sir alan's new money-making challenge.

get a guitar and pitch yourself in one of london's underground stations to see how much you can make busking in:

1)a standard 9-5 day shift

or

2)until you get nobbled by the plod. :P

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Ah, the obnoxious cockney tw@t.

Someone mentioned this was going to happen in a thread on here a couple of months ago.

I'm sure he's busy raising cash from one of his barra-boy chums to buy the stuff back on the cheap and leave the banksters holding the losses.

Edit: "I see from your CV that you remarkably managed to go bust investing in property during the biggest property boom in the history of property booms - Why exactly should I give you a job at McDonalds Mr Emsley?"

Everyone, thought Ashley might bail him out, don't think it happened - which might say something, he's trying to offload Newcastle at a knockdown price.

Yep, Paul Kemsley, highly dislikeable chap.

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Is that misery or stupidity and arrogance?

Anyway, why do they call it an 'empire' and not a 'failed business' as it really is?

I take it when you say business you mean 'taking the bank's money and overpaying for property with it'.

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not forgetting the bird running Birmingham city is still under plods investigative cosh.

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Exactly. I wouldn't call buying something with someone else's money and letting it out a business.

Forgot to mention. I'm sure everyone can guess but, like the recently toast Modus, his lender was also HBOS. The bank that likes to say 'yes, go on, are you sure you don't want another £100m, nah don't worry about us, if things go wrong we'll get the money back off the govt, go on knock yourself out kiddo'.

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Peter Spratt, joint administrator at PwC, said yesterday: "Following the well documented slowdown in the property market, the Rock board has re-evaluated its longer-term strategy and, after discussions with its lenders, has taken the difficult decision to place the company in administration."

I like that. They've re-evaluated their longer-term strategy and decided that, er..., there is no longer term.

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Peter Spratt, joint administrator at PwC, said yesterday: "Following the well documented slowdown in the property market, the Rock board has re-evaluated its longer-term strategy and, after discussions with its lenders, has taken the difficult decision to avoid paying business rates on vacant properties

Fixed

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Everyone, thought Ashley might bail him out, don't think it happened - which might say something, he's trying to offload Newcastle at a knockdown price.
Ashley is short of liquid folding. He has lost hundreds of millions of cash betting on HBOS shares and most of his wealth was the value of Sports Direct (he did not sell off all of it when he floated). I doubt he could find the cash at the moment...... - he's the one I expect to go next as his credit insurance gets pulled (because he owns so many of the brands and manufacturers, he's so far been relatively insulated).

Don't get me wrong, he won't be at the Gateshead Aldi just yet, but he's not got what people think (or what he'd like people to think)...

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