Originally Posted by Stephen (Post 35824352)

I really don't think he bought it for his own fun and enjoyment.

Also if he rarely gets involved in daily business now but rather sits back and watches the money roll in. Why on earth would he start running about after he retires going to the office??

Doesn't make sense at all.

Personally I think he bought the business for the same reason he buys other businesses and that is to make a lot of money, so he has a nice nest egg for after he retires.

Originally Posted by RichardCoulter (Post 35824379)

He bought risky businesses, but "doesn't care" because he "loves the financial investment and personal activity side" suggests otherwise to me.

My comments about him building up a business that he enjoys in the very place that he intends to retire suggests to me that he may take an inappropriate interest in the day to day running of that part of the business.

I have experience of Directors who retire, suddenly end up with a lot of time on their hands, feel useless and start to try and interfere. This can even happen when the business is passed onto a son or daughter- or even sold out of the family altogether!

To an extent I suppose it's unavoidable, especially if it's a business that they have nurtured and grown and they believe that what's been done or proposed is harmful to the business.

I guess something along the lines of the saying that 'teachers never really retire, they just grow older' comes into the equation too.

Originally Posted by Mr Banana (Post 35824408)

He is 74 now and from what I can gather he simply advises nowadays rather than get involved in too much detail. I actually met him at a seminar in London a couple of years ago - he came across as a lovely guy.

Originally Posted by RichardCoulter (Post 35824379)

He bought risky businesses, but "doesn't care" because he "loves the financial investment and personal activity side" suggests otherwise to me.

My comments about him building up a business that he enjoys in the very place that he intends to retire suggests to me that he may take an inappropriate interest in the day to day running of that part of the business.

I have experience of Directors who retire, suddenly end up with a lot of time on their hands, feel useless and start to try and interfere. This can even happen when the business is passed onto a son or daughter- or even sold out of the family altogether!

To an extent I suppose it's unavoidable, especially if it's a business that they have nurtured and grown and they believe that what's been done or proposed is harmful to the business.

I guess something along the lines of the saying that 'teachers never really retire, they just grow older' comes into the equation too.

Originally Posted by RichardCoulter (Post 35824101)

It looks more and more like Southern Ireland is becoming a pet project for John Malone.

After buying the cable company some years ago, he recently bought TV3 and is planning on launching new channels over there in the genres of children, news and sports.

They paid way over the odds for the Six Nations rights so he does appear to be committed to TV3 in the long run. I've been told that many of the old management team have been shown the door since Virgin Media took over.

From an Irish Times Article last year:

Does he regard Ireland as high risk? “Personally, I really don’t care. It is a relatively small part of my assets and I am doing it because I love it, both the financial investment side as well as the personal activity side.”

http://www.irishtimes.com/life-and-s...land-1.2109800

He's spent 100's of millions in the country in recent years and is planning to spend his retirement over there.

Nice if you can afford to be so self indulgent, but it does improve things for those who live over there.

Originally Posted by 1andrew1 (Post 35824622)

Good debate but for fairness I think this post should be credited to Chinamug who originally posted it on Digital Spy three days ago. http://forums.digitalspy.co.uk/showp...9&postcount=14

Originally Posted by Stephen (Post 35824630)

Haha busted!

Originally Posted by RichardCoulter (Post 35824101)

It looks more and more like Southern Ireland is becoming a pet project for John Malone.

After buying the cable company some years ago, he recently bought TV3 and is planning on launching new channels over there in the genres of children, news and sports.

They paid way over the odds for the Six Nations rights so he does appear to be committed to TV3 in the long run. I've been told that many of the old management team have been shown the door since Virgin Media took over.

From an Irish Times Article last year:

Does he regard Ireland as high risk? “Personally, I really don’t care. It is a relatively small part of my assets and I am doing it because I love it, both the financial investment side as well as the personal activity side.”

http://www.irishtimes.com/life-and-s...land-1.2109800

He's spent 100's of millions in the country in recent years and is planning to spend his retirement over there.

Nice if you can afford to be so self indulgent, but it does improve things for those who live over there.

Originally Posted by Hugh (Post 35824654)

It's polite to provide links/attribution if you are using/quoting someone else's words - it also covers you under 'fair usage'.

You posted in the OP -



china mug posted on ds -



It would appear the only differences are you slightly shuffled it around, and you added "After buying the cable company some years ago, he recently bought TV3 and is planning on launching new channels over there in the genres of children, news and sports." and "Nice if you can afford to be so self indulgent, but it does improve things for those who live over there" at the end...

Originally Posted by yorksdave (Post 35824664)

...UTV Ireland probably merged with TV3 with itv as joint owners with Liberty Global or owned by itv outright with Liberty Global increasing there holding in itv.