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Mark Uttley

Ex England Manager Loses Fortune On Property Investment

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football managers...overpay for players, overpay for payers.

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Nice to see that he appears leverage up very nicely.

At least he's got the properties to sell.

Aww. It's not earning anything in the bank. :lol:

Houses to sell, and duff property investments around the world.

He complains that one of the houses, with mortgages on it, is too big as well. Massive restoration in the boom years. Now a high maintenance property he implies to the Telegraph, and his poor children affected by his need to sell.

Oh and here it is for sale. http://www.dailymail.co.uk/news/article-2383539/Sven-Goran-Erikssons-Swedish-mansion-goes-sale-4m.html

Maybe the government should step in, like slacker's suggestion of yesterday, and buy up over-stretched investors homes/investments up, at peak prices, because they are such important people who can't be allowed to fail. Think of all the investors' poor children, like Sven's.

Nationalise BTLs - maybe increasing some tax on it with one hand and using public funds to buy BTLs back as public housing.

They can't just let them drown as too many high earners or inheritors have bought for letting - they just have too much political influence. 30% of people I know have another home they let. There has also been moves to get pension funds more involved in letting.

Maybe a lot of the smart money will get out quickly with transactions starting again - certainly seeing that with the boomers locally - dozens of properties coming to market at 500K+.

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Aww. It's not earning anything in the bank. :lol:

Houses to sell, and duff property investments around the world.

He complains that one of the houses, with mortgages on it, is too big as well. Massive restoration in the boom years. Now a high maintenance property he implies to the Telegraph, and his poor children affected by his need to sell.

Oh and here it is for sale. http://www.dailymail.co.uk/news/article-2383539/Sven-Goran-Erikssons-Swedish-mansion-goes-sale-4m.html

Maybe the government should step in, like slacker's suggestion of yesterday, and buy up over-stretched investors homes/investments up, at peak prices, because they are such important people who can't be allowed to fail. Think of all the investors' poor children, like Sven's.

Isnt that what theyre doing in California. Why even bother trying to get a good deal or negotiate the price when govt will make good the difference?

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Isnt that what theyre doing in California. Why even bother trying to get a good deal or negotiate the price when govt will make good the difference?

A debt jubilee. I suspect that's what TPTB want but can't come straight out and and propose because creditors would demand to be compensated too. Financial repression is the next best thing. Hard times for the solvent, an almost free lunch for the spendthrift.

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Wouldn't it be obvious to anyone that any financial advisor's livelihood comes from latching on to someone with money, and then syphoning as much of it for himself as he can?

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If this is how a 65 year old "experienced" football manager, manages his money, I would hate to see what 20 year old footballers do with it.

Perhaps Sven was getting investment advice from Harry Redknapp's dog?

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Eriksson claimed that his money was lost on a range of negligent investments including a residential and leisure development of 92 flats in Southsea, Hampshire

Southsea Bubble ?

:rolleyes:

Edited by Saving For a Space Ship

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Sven-Goran Eriksson: I hate only one person on earth - the man who cost me £10 million

Telegraph.co.uk - 12 hours ago

Sven-Goran Eriksson, the former England manager, has spoken ... anger at Khan, who denied the claims but was taken to court by Eriksson to ...

Have trouble imagining Eriksson mustering up much hate or much anger. Although not much anger around from all the young and prudent on all the interventions to keep house prices high.

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It seems like anybody with any kind of 'celeb' status or involved in entertainment (and that includes those men whose main job seems to be to chew gum, wear camel hair overcoats and wave their arms around at football matches) must, by law, 'invest in property'. Are they taught it at RADA, perhaps?

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Asking 40 million kronor ($6 million). It's reported he bought it for 6 million kronor.

Sweden's most famous football coach Sven-Göran 'Svennis' Eriksson has put his haunted, Nobel Literature Prize spawning, twelve-room mansion up for sale, asking for a neat 40 million kronor ($6 million).

... The local Nya Wermlands Tidning newspaper reported that the property in central Sweden was worth 6 million kronor when Svennis purchased it, but extensive renovations and the addition of buildings and top-notch sporting facilities had added value to it since.

While a previous attempt at selling the mansion failed last year, Karlsson told the Svenska Dagbladet newspaper that he was convinced he could find a buyer.

"We're of course talking about a small client base. It could be an international buyer or a Swede who is looking for a bit of a more exclusive property," Karlsson told the newspaper.

"I've had a few phone calls already so I am feeling hopeful."

Sweden source, in full http://www.thelocal.se/49400/20130802/

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