Thursday, December 4, 2008

Ouch!!

Sir Alex Ferguson and Grant Bovey hit as £3bn property fund collapses

A £3billion property fund backed by a host of wealthy celebrities including Sir Alex Ferguson and Sir David Frost has collapsed into administration.

Posted by mark @ 12:57 PM (2316 views)
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9 thoughts on “Ouch!!

  • That’s just aAwful.

    Quick – baAil them out!

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  • Methinks David Frost and Grant Bovery could be in for the famous hairdryer treatment.

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  • Yessssssssssssss

    Brilliant news a double whammy, Grant Bovey and Sir Alex.
    More greedy property speculators getting their just rewards.
    ho ho ho

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  • I feel sorry for Sir Alex as he may not now be able to buy any more chewing gum in the future.

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  • Soccer stars Ryan Giggs, Alan Smith, John Terry and Frank Lampard have been investors along with pop group The Corrs.

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  • Sample of comments from Daily Mail readers:

    “Money breeds money – not any more it seems! I’m not crying over this.” – Yasmin, London
    “Many saw this coming years ago sold up and rented and waited” – Clarioneer, Dorset
    “Finally a bit of good news” – Lee, Liverpool
    “These people deserve what they have got, they are already multi millionaires and they still want more.” – Robbie, Nottingham
    “No tears shed here” – William Peden, Cumbernauld
    “Welcome to the real world, rich boys.” – Susie, Suffolk

    There’s a real hatred of wealthy people at the moment. I wonder how this will translate politically?

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  • Normal working classes were seen as relatively rich by the criminal element and as such were victims to support the ‘habbits’ of such. Now there is not much to be gained from this class,the attention will be focused on the genuinely wealthy.

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  • it_is_going_with_a_bang says:

    “sophisticated financial leverage and acquisition structures to optimise returns’.

    Otherwise known as bull5hit.

    and …

    They never give the details though, which makes me think that those that could – did withdraw their funds somehow and left creditors with unpaid bills – hence the administration.

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