Good Old Fergus!

Running_Horse

Apparently he is selling up to concentrate on a literary career.

http://www.kentonline.co.uk/maidstone/news/tycoon-to-sell-property-empire-19867/

But a few weeks ago he was going to be a police commissioner.

mayonnaise

"I made the decision last month. I am 66 this year and that has a lot to do with it. I haven't had a holiday since 1992 because we spend all our time on the business so that is the first thing I will do."

Good call Fergus. Enjoy a well deserved retirement. :beer:

Aberdeenangarse

Running_Horse wrote: »

Apparently he is selling up to concentrate on a literary career.

http://www.kentonline.co.uk/maidstone/news/tycoon-to-sell-property-empire-19867/

But a few weeks ago he was going to be a police commissioner.

Writing kiddies stories!

Mind you, he bears a striking resemblance to the Gruffalo:D

PasturesNew

Running_Horse wrote: »

...

He should stick to doing what he does best ... being a tw4t.

From the article

The portfolio has been estimated to be worth £100 million in The Guardian, but the Wilsons say they are optimistic it will raise double that - even after capital gains tax.

... always the optimist.

thequant

mayonnaise wrote: »

Good call Fergus. Enjoy a well deserved retirement. :beer:

The Guy is a legend and deserves every penny he has made.

ladeeda

PasturesNew wrote: »

He should stick to doing what he does best ... being a tw4t.

From the article



... always the optimist.

He is incredibly good at that tw4t bit.

thequant wrote: »

The Guy is a legend and deserves every penny he has made.

Let's wait and see what he actually ends up with.

Conrad

PasturesNew wrote: »

He should stick to doing what he does best ... being a tw4t.

From the article



... always the optimist.

PN, why would The Gruan know better than the owner the portfolio value?


I know from reading articles on my own area of business, journalists really are a bunch of know nothings.

mayonnaise

PasturesNew wrote: »

He should stick to doing what he does best ... being a tw4t.

ladeeda wrote: »

He is incredibly good at that tw4t bit.

Do you both rent from Mr. Wilson? Ever met him in person? I assume you do, having such an outspoken opinion on him?

thequant

mayonnaise wrote: »

Do you both rent from Mr. Wilson? Ever met him in person? I assume you do, having such an outspoken opinion on him?

The guy has made £100-£200 million pounds, is going to put a big chunk of it in HMRC coffers via CGT (there's no CGT favours from the taxman for businesses involved in property).

At the same time he housed over 1000 families thus saving them from being on the streetz. True he not doing it for altruistic reasons, but that's how capitalism works.

Yet only in this country would he be called tw4t for everything he has achieved.

princeofpounds

His main achievement was to hoover up lots of cheap debt.

I think it's a shame we never got to test his business model without extreme government and BoE support, as we will never know now if he was clever or merely lucky.

Wish I'd done it; alas born in the wrong generation.