Martin Lewis Selling Up

tony6403

The news that ML is selling this site for £87m to Moneysupermarket , perhaps unreasonably , elicits a feeling of betrayal from the principles under which this site operates.
Gone is the perception that he was "in it together". It seems incongruous.
Good luck to him . I envy his multi-millionaire status.
Having Moneysupermarket at the helm to me gives a different raison detre.
We'll see.

catokelly

My guess is that it will no longer the impartial website that has attracted so many users in the first place.

I hope the comparison tools on here dont end up like moneysupermarket where the only companies listed are the ones who pay to be on there! Who can blame martin i guess, £84 million is a lotta money!

ivavoucher

According to Google Analytics, the MoneySavingExpert website attracted 39million unique visitors and around 277million page impressions in the year to October 31. It generated revenues of £15.7million over the same period.



How on earth does this site generate so much income? £15.7million

CFC

tony6403 wrote: »

The news that ML is selling this site for £87m to Moneysupermarket , perhaps unreasonably , elicits a feeling of betrayal from the principles under which this site operates.
Gone is the perception that he was "in it together". It seems incongruous.
Good luck to him . I envy his multi-millionaire status.
Having Moneysupermarket at the helm to me gives a different raison detre.
We'll see.

Well, he's a real salesman.

I love the line that it is in the best interests of the site that he sells it so it is around when he isn't.
A trust would have completed the same object without large amounts of filthy lucre being involved.
I think he may find that people no longer take him seriously as 'the people's champion' to be frank.

doubleJackD

i remember with the news of the world (NOW) incident he said he wouldn't donate his salary from the NOW to charity. he had a 90 million pound company and he still wanted to take money from a newspaper that bugged voicemail messages from a dead schoolgirl.

i feel really let down by the guy, he labels himself a consumer champion but all the time he was really just looking out for himself.

i wonder how all the moderators etc feel? they should get a slice of the pie as well.

i just don't trust the guy.

N9eav

I listened to Martin's radio interview yesterday. I think you need to read about the whole picture before condemming Martin. A few points that I heard were.
The staff at MSE get a share of the sale.
Martin was quite wealthy before he even set up the site. His knowledge of getting a fair deal and no debts was because he practised what he preached and made a lot!
He shares his knowledge to those that want to listen and fights the causes for fairness. I think I assumed he was just an ordinary bloke trying to make a living....and now we are shocked that he gets 35 million personal from this.
This site makes money with referrals and links etc.
I am jealous too.... But
The minute this site is populated with Pop-ups and adverts, I am off.

:beer:

bossymoo

If I had a website someone wanted to buy for that amount of money, don't think I'd say no.

Nothing lasts forever, fair play to him, hope he makes the most of it and has a good life!

NewCustomerOnly

tony6403 wrote: »

The news that ML is selling this site for £87m to Moneysupermarket , perhaps unreasonably , elicits a feeling of betrayal from the principles under which this site operates.
Gone is the perception that he was "in it together". It seems incongruous.
Good luck to him . I envy his multi-millionaire status.
Having Moneysupermarket at the helm to me gives a different raison detre.
We'll see.

Me Too! I'll be looking for a new forum to post on, maybe an impartial credit union or Citizens Advice Bureau one. Pleased for Martin, but feel he should share some of his millions with the people who wrote his copy and pushed his posts to the top of google - US!! Wonder if it's possible to create a forum site where the forum posters get paid for page views/writing/google ad clicks? Hmmmn...might investigate!

Hezzawithkids

I have mixed feelings too. So the site will remain impartial eh? Well you don't buy a train set and never play with it.

Good luck to Martin, £35m buys a lot of nappies (wrt to his other news from Friday). But it still feels like a sell-out to me.

flimsier

I have to admit I'm surprised, and in common with others, see it as literal "selling out". The press release, despite it's provenance, doesn't do a lot to assuage this.

NewCustomerOnly

We wrote the copy on this site and pushed Martins links to the top of google - good luck to Martin but I won't be able to trust all the financial advice from all the huge monopolies - it would just be nice if he could have shared. I'll be going here for the moment:

http://uk.answers.yahoo.com/question/index?qid=20120101151822AA6bVxu

(Yahoo Answers)