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Finnan Auction

Discussion in 'The Football Forum' started by The Nomad, Oct 16, 2020.

  1. The Nomad

    The Nomad Well-Known Member

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  2. Modo

    Modo A contentious scando Member

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    Holy shit.
    How the fuck do you lose all your money like that?
     
  3. HC

    HC Very Well-Known Member

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    Fell out with his brother over £4m off losses , how they've managed to fuck up in the London property market so badly is slightly concerning , wonder whether there's more to it than meets the eye.

    Apparently Finnan had already sold all of those items to a private buyer who in turn is auctioning them off and probably benefiting from Finnan's financial situation
     
  4. Woland

    Woland Part of the Furniture Member

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    That dude off Grand Designs lost loads of other people's money in shit property deals recently. I thought you had to try really hard to make a bollocks of property in the past decade
     
  5. gkmacca

    gkmacca SCM Addict Member

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    I'm not surprised, the posh wanker. ''Oooh, another big glass house with everything open plan, just a sofa in the middle of what resembles a freezing cold office foyer, oooh, how delightful!' The daft twat!
     
  6. Hansern

    Hansern SCM Addict Member

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  7. Dreambeliever

    Dreambeliever From Doubter to Believer -Cashed out to Cashed Up Member

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    Fuck me how so you not keep a certain amount of money seperate regardless of business interests.
     
    Modo likes this.
  8. momoWASboss

    momoWASboss Very Well-Known Member

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    They’re footballers. Generally they’re thick as pig shit with no financial acumen.
     
    dantes likes this.
  9. Dreambeliever

    Dreambeliever From Doubter to Believer -Cashed out to Cashed Up Member

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    Finnan never came across that way but must be.
     
  10. Red Astaire

    Red Astaire Plundering since 2005... Member

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    ...........................
     
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  11. RedStar

    RedStar Well-Known Member

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    Seems like he invested his money into his brothers business. Brother lost it all and now hes left penniless.

    He must have been on £1.5m a year during his time
     
  12. Stevesquash

    Stevesquash Active Member

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    Serious money for that stuff!
     
  13. Pesam

    Pesam Forum Moderator Forum Moderator

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    Not sure about his intelligence but; a rich mate of mine lived in a very exclusive block of apartments in Hale (Manchester) and Finnan moved in when he signed for Liverpool. My mate told me that Finnan was hugely popular in the block and local area and was a really great guy.
     
    darkstarexodus and momoWASboss like this.
  14. dantes

    dantes Very Well-Known Member

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    So after tax and savings deposits, he spends £0.5m a year on his lifestyle. Once he retires, that income is gone. He's got £5m saved away maybe. To carry on with his previous lifestyle he needs to generate a 10% return on that capital. You invest it on the say so of your financial advisor, because they're an expert. The dumb cunt comes back to you in a few years and says your net worth is £2.5m now, sorry about that old chap, but that's after my fees of course I already took my fees so don't worry about that anymore. Now you need a 20% return to maintain your lifestyle. The only way to get that is to take massive risks. The rest is history.
     
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  15. Richey

    Richey Well-Known Member

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    Indeed, but you would have thought most of them would have someone else dealing with that kind of thing for them. I guess that relies on them recognising they are too stupid to deal with it themselves and always taking the advice. If it was a family thing he may well have gone ahead with it anyway.
     
  16. momoWASboss

    momoWASboss Very Well-Known Member

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    I have dealt with them in work with taking poor financial advice. They believe everything they are told. They don’t have any thought process and do what they are told no matter the scammer in front of them.
     
  17. mom

    mom Very Active Member

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    So sad to hear
     
  18. FoxForceFive

    FoxForceFive Administrator Administrator

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    The club outbid everyone & are giving them back to him apparently.
     
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  19. Markeh

    Markeh Very Well-Known Member

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    i was sort of hoping something like this would happen
     
  20. The Nomad

    The Nomad Well-Known Member

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    Why? He'll just sell them again.
     

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