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Post by FullerMagic on May 21, 2021 7:06:54 GMT
Coates family still nestled nicely in the top 20 with a cool 8 and a half billion 1 (4) Sir Leonard Blavatnik £23bn ↑ £7.219bn Investment, music and media 2 (2=) David and Simon Reuben £21.465bn ↑ £5.465bn Property and internet 3 (2=) Sri and Gopi Hinduja and family £17bn ↑ £1bn Industry and finance 4 (1) Sir James Dyson and family £16.3bn ↑ £100m Household goods and technology: Dyson 5 (19) Lakshmi Mittal and family £14.68bn ↑ £7.899bn Steel: ArcelorMittal 6 (7) Alisher Usmanov £13.406bn ↑ £1.726bn Mining and investment 7 (6) Kirsten and Jorn Rausing £13bn ↑ £900m Inheritance and investment: Tetra Laval 8 (12) Roman Abramovich £12.101bn ↑ £1.945bn Oil and industry 9 (9) Charlene de Carvalho-Heineken and Michel de Carvalho £12.013bn ↑ £1.713bn Inheritance, brewing and banking 10 (8) Guy, George, Alannah and Galen Weston and family £11bn ↑ £470m Retailing 11 (11) Mikhail Fridman £10.797bn ↑ £563m Industry: Alfa Group and LetterOne 12 (10) The Duke of Westminster and the Grosvenor family £10.054bn ↓ £241m Property 13 (13) Marit, Lisbet, Sigrid and Hans Rausing £9.49bn ↓ £100m Inheritance: Tetra Laval 14 (14) Ernesto and Kirsty Bertarelli £9.2bn No change Pharmaceuticals 15 (15) Anil Agarwal £9bn ↑ £500m Mining: Vedanta Resources 16 (21) François-Henri Pinault and Salma Hayek £8.675bn ↑ £2.083bn Fashion and films: Kering 17 (16) Denise, John and Peter Coates £8.448bn ↑ £1.282bn Gambling: Bet36518 (24) Michael Platt £8bn ↑ £3.141bn Hedge fund 19 (20) John Fredriksen and family £7.831bn ↑ £1.206bn Shipping and oil services 20 (New) German Khan £7.167bn ★ New entry Industry: Alfa Group and LetterOne www.thetimes.co.uk/article/denise-john-peter-coates-net-worth-sunday-times-rich-list-h6pjwxwltCoates family2021 - £8448m (17th) 2020 - £7166m (16th) 2019 - £6856m (19th) 2018 - £5750m (21st) 2017 - £5000m (22nd) 2016 - £3765m (24th) 2015 - £2300m (44th) 2014 - £1200m (78th) 2013 - £925m (93rd) 2012 - £800m (92nd) 2011 - £750m (90th) 2010 - £500m (132nd) 2009 - £400m (128th) 2008 - £300m (270th) 2007 - £200m (351st) 2006 - £126m (442nd)
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Post by theonlooker on May 21, 2021 7:32:34 GMT
Might aswell be 101st and beyond given we cannot spend a penny of it.
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Post by Goonie on May 21, 2021 7:41:09 GMT
Might aswell be 101st and beyond given we cannot spend a penny of it. It does seem ludicrous doesn't it? They could spend £50m on what falls out their pockets down the back of the settee and not notice it. FFP was meant to stop small clubs going bust through overspending but it's just kept the rich richer and the poor poorer Sigh. It was ever thus
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Post by wuzza on May 21, 2021 7:41:28 GMT
Bit of a slow year when you only increase your net wealth by 1.3 billion 🙂
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Post by chad on May 21, 2021 7:48:09 GMT
And meanwhile Barcelona are taking out loans of £500million to buy players and get themselves even deeper in debt
Fuck FFP
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Post by theonlooker on May 21, 2021 7:48:30 GMT
Might aswell be 101st and beyond given we cannot spend a penny of it. It does seem ludicrous doesn't it? They could spend £50m on what falls out their pockets down the back of the settee and not notice it. FFP was meant to stop small clubs going bust through overspending but it's just kept the rich richer and the poor poorer Sigh. It was ever thus It was always about keeping the status quo and nothing else. The fit and proper person test, which has been botched from day one, was always the key process to sort out the rogue owners from the good owners. Thankfully, Leicester City have shown the way to bypass FFP on and off the pitch and blood the noses of the 'Toxic 6'.
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Post by wuzza on May 21, 2021 7:56:59 GMT
Might aswell be 101st and beyond given we cannot spend a penny of it. It does seem ludicrous doesn't it? They could spend £50m on what falls out their pockets down the back of the settee and not notice it. FFP was meant to stop small clubs going bust through overspending but it's just kept the rich richer and the poor poorer Sigh. It was ever thus FFP always had more ulterior motives than a Tory Party manifesto. Our particular joy is that the EFL seem to have decided to make it 10 times worse !
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Post by Deleted on May 21, 2021 8:25:26 GMT
I’m glad I don’t announce or publish my wealth to embarrass them all on that list, paupers the lot of them
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Post by heworksardtho on May 21, 2021 8:31:28 GMT
How do you spend that obscene amount of money , and who spends it when they die , there’s no pockets in shrouds
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Post by thestatusquo on May 21, 2021 8:34:12 GMT
How many Sam Vokes does that equate to ?
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Post by femark on May 21, 2021 8:47:08 GMT
Might aswell be 101st and beyond given we cannot spend a penny of it. It does seem ludicrous doesn't it? They could spend £50m on what falls out their pockets down the back of the settee and not notice it. FFP was meant to stop small clubs going bust through overspending but it's just kept the rich richer and the poor poorer Sigh. It was ever thus It is ludicrous when you look at it like that, but imagine it from other clubs perspectives. Clubs with owners that have pumped money into the club, got bored, stopped the money and ran the club into the ground.
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Post by mrcoke on May 21, 2021 8:52:12 GMT
The Coates % increase appears to be one of the larger ones. I wonder how much is actual cash and how much is simply the book value of their businesses, which could drop significantly if the government ever brought in legislation to curb gambling. Amazing to see the Duke of Westminster gradually slipping down the table; he was the the top dog for many years. Obviously property is the wrong thing to be in in his case. He could be in the Championship next season!
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Post by wagsastokie on May 21, 2021 9:06:27 GMT
The Coates % increase appears to be one of the larger ones. I wonder how much is actual cash and how much is simply the book value of their businesses, which could drop significantly if the government ever brought in legislation to curb gambling. Amazing to see the Duke of Westminster gradually slipping down the table; he was the the top dog for many years. Obviously property is the wrong thing to be in in his case. He could be in the Championship next season! In ten years he could well be back on top A lot of the ones above him a lot of are based on company shares and valuation
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Post by eddyclamp on May 21, 2021 9:10:12 GMT
Well done to them long may it continue. They put there balls on the block a few years ago and it has paid off.
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Post by Lakeland Potter on May 21, 2021 9:19:07 GMT
How do you spend that obscene amount of money , and who spends it when they die , there’s no pockets in shrouds No business can "spend" the value of the business. The value of the business is in the technology which enables online betting from all over the world, the advertising which puts the business on our TV screens every time a match is broadcast and the thousands (?) of employees of varying skill levels who keep the business running like a well oiled machine. The result of the technology + the staff + the drive of the owners (most notably Denise) is that financial experts value the business at £8.4 billion. But how can you "spend" that? You can't - or the business starts to shrink and risks becoming unviable. You could sell a stake in the business but, if you sold too much of it you could lose control. So the Coates family do what most of us would do, take annual income and dividends out of the business whilst still leaving enough profit in it to allow it to grow in most years. Note, "most years" - clearly its income will have declined since the pandemic started because of the drop off in sporting events in the past 15 months. What would you suggest the family do other than what they are doing? They could sell up, pay the tax on the sale, and live in luxury for the rest of their lives. Fine - but you would then feel free to moan at whoever bought the business and accuse them of making obscene profits. You would also moan at Denise's children for inheriting £billions and doing nothing to justify their wealth. Or, if they themselves went into business and built up a business empire, you or you kids would be having a moan on a message board complaining about the obscene income they had and saying that they couldn't spend it when they die. Just be thankful that, despite what you consider obscene wealth, the Coates family do pay enough in taxes to make our eyes water. And on top of that Denise is probably the biggest charitable donor in the whole of Staffordshire.
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Post by cerebralstokie on May 21, 2021 9:28:58 GMT
Economics is simple. I don't know why people make it so complicated. Two rules cover about 80% of the subject. 1. You don't make money by making things, you make money by buying and selling. 2. The rich get richer and the poor get poorer.
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Post by wuzza on May 21, 2021 9:32:38 GMT
Economics is simple. I don't know why people make it so complicated. Two rules cover about 80% of the subject. 1. You don't make money by making things, you make money by buying and selling. 2. The rich get richer and the poor get poorer. Inventing things would need to come into the equation though. Judging by Mr Dyson’s wealth and a certain Mr Gates in the US.
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Post by onionman on May 21, 2021 9:36:06 GMT
I see that after 15 years of steadily climbing the league table, they have fallen from 16th to 17th.
Do they learn from past mistakes and act now? Or do they give Denise another year at the helm while things continue to deteriorate, then panic and replace her with Paul Lambert?
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Post by crowey on May 21, 2021 9:40:42 GMT
... if the Coates decide to call it a day maybe we should get Ernesto & Kirsty Bertarelli who came in at 14th to take over, especially as she’s a Stokie (and a friend of my little sister)
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Post by northernstokie on May 21, 2021 9:53:51 GMT
It does seem ludicrous doesn't it? They could spend £50m on what falls out their pockets down the back of the settee and not notice it. FFP was meant to stop small clubs going bust through overspending but it's just kept the rich richer and the poor poorer Sigh. It was ever thus It is ludicrous when you look at it like that, but imagine it from other clubs perspectives. Clubs with owners that have pumped money into the club, got bored, stopped the money and ran the club into the ground. Their random owners that don't care about the club though. The Coates family do care
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Post by heworksardtho on May 21, 2021 10:02:05 GMT
How do you spend that obscene amount of money , and who spends it when they die , there’s no pockets in shrouds No business can "spend" the value of the business. The value of the business is in the technology which enables online betting from all over the world, the advertising which puts the business on our TV screens every time a match is broadcast and the thousands (?) of employees of varying skill levels who keep the business running like a well oiled machine. The result of the technology + the staff + the drive of the owners (most notably Denise) is that financial experts value the business at £8.4 billion. But how can you "spend" that? You can't - or the business starts to shrink and risks becoming unviable. You could sell a stake in the business but, if you sold too much of it you could lose control. So the Coates family do what most of us would do, take annual income and dividends out of the business whilst still leaving enough profit in it to allow it to grow in most years. Note, "most years" - clearly its income will have declined since the pandemic started because of the drop off in sporting events in the past 15 months. What would you suggest the family do other than what they are doing? They could sell up, pay the tax on the sale, and live in luxury for the rest of their lives. Fine - but you would then feel free to moan at whoever bought the business and accuse them of making obscene profits. You would also moan at Denise's children for inheriting £billions and doing nothing to justify their wealth. Or, if they themselves went into business and built up a business empire, you or you kids would be having a moan on a message board complaining about the obscene income they had and saying that they couldn't spend it when they die. Just be thankful that, despite what you consider obscene wealth, the Coates family do pay enough in taxes to make our eyes water. And on top of that Denise is probably the biggest charitable donor in the whole of Staffordshire. Fucking hell mate chill you’re beans
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Post by Deleted on May 21, 2021 10:17:51 GMT
Just rams home how utterly incompetent they are at running a football club.
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Post by cerebralstokie on May 21, 2021 10:57:22 GMT
Economics is simple. I don't know why people make it so complicated. Two rules cover about 80% of the subject. 1. You don't make money by making things, you make money by buying and selling. 2. The rich get richer and the poor get poorer. Inventing things would need to come into the equation though. Judging by Mr Dyson’s wealth and a certain Mr Gates in the US. I take your point, but my post was intended to be slightly tongue in cheek. Of course the tech giants now figure prominently in the rich list globally but bankers and stock traders also do very well as do money brokers.
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Post by wuzza on May 21, 2021 11:09:04 GMT
Inventing things would need to come into the equation though. Judging by Mr Dyson’s wealth and a certain Mr Gates in the US. I take your point, but my post was intended to be slightly tongue in cheek. Of course the tech giants now figure prominently in the rich list globally but bankers and stock traders also do very well as do money brokers. In general I would say you were bang on the proverbial money ! ... especially about the rich getting richer ( one cure for that though is to buy a football club 🙂 )
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Post by dirtygary69 on May 21, 2021 11:15:30 GMT
No business can "spend" the value of the business. The value of the business is in the technology which enables online betting from all over the world, the advertising which puts the business on our TV screens every time a match is broadcast and the thousands (?) of employees of varying skill levels who keep the business running like a well oiled machine. The result of the technology + the staff + the drive of the owners (most notably Denise) is that financial experts value the business at £8.4 billion. But how can you "spend" that? You can't - or the business starts to shrink and risks becoming unviable. You could sell a stake in the business but, if you sold too much of it you could lose control. So the Coates family do what most of us would do, take annual income and dividends out of the business whilst still leaving enough profit in it to allow it to grow in most years. Note, "most years" - clearly its income will have declined since the pandemic started because of the drop off in sporting events in the past 15 months. What would you suggest the family do other than what they are doing? They could sell up, pay the tax on the sale, and live in luxury for the rest of their lives. Fine - but you would then feel free to moan at whoever bought the business and accuse them of making obscene profits. You would also moan at Denise's children for inheriting £billions and doing nothing to justify their wealth. Or, if they themselves went into business and built up a business empire, you or you kids would be having a moan on a message board complaining about the obscene income they had and saying that they couldn't spend it when they die. Just be thankful that, despite what you consider obscene wealth, the Coates family do pay enough in taxes to make our eyes water. And on top of that Denise is probably the biggest charitable donor in the whole of Staffordshire. Fucking hell mate chill you’re beans He isn't beans.
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Post by FullerMagic on May 21, 2021 11:15:58 GMT
Just comparing them to well-known people outside the top 20.
41. Joe Lewis (Spurs) 4.33bn 45. Richard Branson 3.79bn 61. Mike Ashley 2.71bn 65. Bernie Ecclestone 2.5bn 77. Stelios Haji-Iannou (Easyjet) 2.1bn 82. Farhad Moshiri (Everton) 2bn 96. Mohammad Al-Fayed 1.7bn 103. John Caudwell 1.56bn 124. Steve Lansdown (Bristol City) 1.36bn 137. Fred Done (Betfred) 1.23bn 138. Alan Sugar 1.2bn 161. Lord Rothschild 1.05bn 196. Paul McCartney 820m - Queen Elizabeth 365m
They seem to rise every year. Is there any end to it, or will gambling continue to be a licence to print money?
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Post by followyoudown on May 21, 2021 11:51:02 GMT
Just comparing them to well-known people outside the top 20. 41. Joe Lewis (Spurs) 4.33bn 45. Richard Branson 3.79bn 61. Mike Ashley 2.71bn 65. Bernie Ecclestone 2.5bn 77. Stelios Haji-Iannou (Easyjet) 2.1bn 82. Farhad Moshiri (Everton) 2bn 96. Mohammad Al-Fayed 1.7bn 103. John Caudwell 1.56bn 124. Steve Lansdown (Bristol City) 1.36bn 137. Fred Done (Betfred) 1.23bn 138. Alan Sugar 1.2bn 161. Lord Rothschild 1.05bn 196. Paul McCartney 820m - Queen Elizabeth 365m They seem to rise every year. Is there any end to it, or will gambling continue to be a licence to print money? Government regulation would be the only thing to stop it I'd say espicially if a market like the USA will eventually open up, crazy its harder to put a tenner on stoke to win than it is to buy a gun.
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Post by xchpotter on May 21, 2021 12:02:25 GMT
Wow, that’s some going. Fair play as regards running it as a business, they seem to know what they are doing. You’d think some of their magic formula could be used in the football club such as having competent employees, good process and structures etc. How do we get it so wrong as a club? I can only think Denise must have nothing whatsoever to do with it.
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Post by Deleted on May 21, 2021 12:05:45 GMT
Just looking at that list I saw Lakshmi Mittal had risen from number 19 to number 5 and had doubled his fortune in the last year. Up from less than £7 billion to over £14.5 billion - that is some performance. If I remember correctly doesn't he have a share in QPR ?
5 (19) Lakshmi Mittal and family £14.68bn ↑ £7.899bn Steel: ArcelorMittal
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Post by dutchstokie on May 21, 2021 12:41:14 GMT
Coates family still nestled nicely in the top 20 with a cool 8 and a half billion 1 (4) Sir Leonard Blavatnik £23bn ↑ £7.219bn Investment, music and media 2 (2=) David and Simon Reuben £21.465bn ↑ £5.465bn Property and internet 3 (2=) Sri and Gopi Hinduja and family £17bn ↑ £1bn Industry and finance 4 (1) Sir James Dyson and family £16.3bn ↑ £100m Household goods and technology: Dyson 5 (19) Lakshmi Mittal and family £14.68bn ↑ £7.899bn Steel: ArcelorMittal 6 (7) Alisher Usmanov £13.406bn ↑ £1.726bn Mining and investment 7 (6) Kirsten and Jorn Rausing £13bn ↑ £900m Inheritance and investment: Tetra Laval 8 (12) Roman Abramovich £12.101bn ↑ £1.945bn Oil and industry 9 (9) Charlene de Carvalho-Heineken and Michel de Carvalho £12.013bn ↑ £1.713bn Inheritance, brewing and banking 10 (8) Guy, George, Alannah and Galen Weston and family £11bn ↑ £470m Retailing 11 (11) Mikhail Fridman £10.797bn ↑ £563m Industry: Alfa Group and LetterOne 12 (10) The Duke of Westminster and the Grosvenor family £10.054bn ↓ £241m Property 13 (13) Marit, Lisbet, Sigrid and Hans Rausing £9.49bn ↓ £100m Inheritance: Tetra Laval 14 (14) Ernesto and Kirsty Bertarelli £9.2bn No change Pharmaceuticals 15 (15) Anil Agarwal £9bn ↑ £500m Mining: Vedanta Resources 16 (21) François-Henri Pinault and Salma Hayek £8.675bn ↑ £2.083bn Fashion and films: Kering 17 (16) Denise, John and Peter Coates £8.448bn ↑ £1.282bn Gambling: Bet36518 (24) Michael Platt £8bn ↑ £3.141bn Hedge fund 19 (20) John Fredriksen and family £7.831bn ↑ £1.206bn Shipping and oil services 20 (New) German Khan £7.167bn ★ New entry Industry: Alfa Group and LetterOne www.thetimes.co.uk/article/denise-john-peter-coates-net-worth-sunday-times-rich-list-h6pjwxwltCoates family2021 - £8448m (17th) 2020 - £7166m (16th) 2019 - £6856m (19th) 2018 - £5750m (21st) 2017 - £5000m (22nd) 2016 - £3765m (24th) 2015 - £2300m (44th) 2014 - £1200m (78th) 2013 - £925m (93rd) 2012 - £800m (92nd) 2011 - £750m (90th) 2010 - £500m (132nd) 2009 - £400m (128th) 2008 - £300m (270th) 2007 - £200m (351st) 2006 - £126m (442nd) I wonder what 8.44bn actually looks like in terms of piles of notes? Blimey if I had that kind of mula floating around, Id down tools, invite Katy Perry, Christina Trevenion and Charlize Theron round again for a 'Nutella and Cocaine' fuelled week long orgy. They never replied last time.......
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