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Ecclestrone sells house for £70m

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Old 11 April 2004, 07:21 PM
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Chip
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Default Ecclestrone sells house for £70m

£70 million. Amazing. And he's always going on about the state of Silverstone. Why doesnt he put something back into it. After all, without racing he'd have nothing.

http://news.bbc.co.uk/1/hi/england/london/3617861.stm

Chip.
Old 11 April 2004, 07:30 PM
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ADP
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yikes!

70million, damn thats a lot of money for a house, probably an amazing location, lets face it there isnt much room for mansions in west london..........and the market has probably peaked...........like you say, he should spend 35 million on a new house and 35 million on silverstone
Old 11 April 2004, 07:35 PM
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Chip
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TBH I really admire the guy for what he's achieved in life. But £70m

Chip
Old 11 April 2004, 07:53 PM
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Fair play to the man - I may ask him for a tenner next time I see him down the Pub !
Old 11 April 2004, 08:05 PM
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Chip
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Apparently he bought the house for £50m three years ago and never lived in it. Not a bad profit then for 2 years.

Surprised the local council did'nt want it to house illegal immigrants.

Chip.
Old 11 April 2004, 08:31 PM
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How did he make his money, I know he is Mr F1 but who appointed him ?
Old 11 April 2004, 08:32 PM
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And, I also think he looks like a down at heel newsagent with a better than average selection of top shelf material.
Old 11 April 2004, 08:33 PM
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Chip, hasnt one brought it ??
Old 11 April 2004, 08:36 PM
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Originally Posted by Wish
Chip, hasnt one brought it ??
I couldn't possibly comment.

Chip.
Old 11 April 2004, 08:49 PM
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20 Mil in two years, blimey, I wouldn't wanna pay the CGT on that!!
Old 11 April 2004, 08:49 PM
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Chip
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Originally Posted by RON
20 Mil in two years, blimey, I wouldn't wanna pay the CGT on that!!

Doubt if he will either. His lawyers will sort that out I'm sure.

Chip.
Old 11 April 2004, 08:50 PM
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Originally Posted by J4CKO
How did he make his money, I know he is Mr F1 but who appointed him ?
A self appointed broker in the very early days of F1 gaining more and more lucrative connections along the way.

The teams were busy racing whilst he aquired sponsorship and monopolising his position.
Old 11 April 2004, 11:20 PM
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I've been past this place on a number of occasions. It's based near to various Embassises and sort of overlooks Kensington Palace. As you can imagine it is HUGE. IIRC, when the last owner put it up for sale, it originally was on the market for 85 million . Bernie obviously knocked him down a few quid

Its just dawned on me, that he's had to pay over a million in stamp duty!!
Old 12 April 2004, 10:14 AM
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Originally Posted by thecirsch
Its just dawned on me, that he's had to pay over a million in stamp duty!!
Thats OK Blair will refund it for him!

£70m is nothing to Bernie. He sold out the F1 rights for £1.5 BILLION.

He has lots of offshore trusts with hundreds of millions in.
Old 12 April 2004, 11:26 AM
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Good Luck to him I say. Hes made a lot of people very rich. He also gives away HUGE amounts of money to charity every year, so hes not a ******* by any means.

As for Silverstone, maybe if the BRDC got their act together and actually invested in THEIR facility Bernie et al wouldnt find the need to criticise it so often. Im sick of hearing them bleeting on that they have no money and the Government should pay for it all. Its a BUSINESS FFS. The government arent there to help out "struggling" multi million pound companies!
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