Martin Lewis sells MoneySavingExpert.com for £87m

[Otispunkmeyer]

B Huey said:

dave_s13 said:

Otispunkmeyer said:

....Props....

WTF does that even mean?

Short for proper respect, a phrase popular in the black community.

I don't care how much Lewis has made as long as I see less of him on TV.

Irritating twerp.

Spent a lot of time on an American forum where this was used a lot... Mad props yo!

[Terminator X]

fk me he's done well there

TX.

[Halb]

Otispunkmeyer said:

Spent a lot of time on an American forum where this was used a lot... Mad props yo!

Omar walkin' yo!

[rohrl]

Halb said:

Omar walkin' yo!

st, Omar comin'? That boy crazy. Drop the bag out the window and we gittin' outta here yo!

[northandy]

Shotgun Rider said:

£87 million for a site generating around £13 million profit a year? Why do you think that's way too much?

You could argue 87m is too little, 13m profit per year if it can be maintained could see the investment returned in under 7 years, thats pretty appealing.

All credit to the guy, has made a fortune that has set him up for life effectively off the likes of the bank charges issue.

[Mojooo]

Moneysupermarket pay shelaods of money to MSE asd commision - so presumably this will save them all of that money - plus they will no doubt seek to increase revenue.

Moneysupermarket coudl quite easily make their money back within a few years.

The question is, is MSE going to be the same cash cow now that its no longer a Martin lewis project? My guess is probably yes, in a few weeksm ost peopel will forget Martin lewis is no longer the owner as he wil lstill be the face of the website.

[johnfm]

northandy said:

Shotgun Rider said:

£87 million for a site generating around £13 million profit a year? Why do you think that's way too much?

You could argue 87m is too little, 13m profit per year if it can be maintained could see the investment returned in under 7 years, thats pretty appealing.

All credit to the guy, has made a fortune that has set him up for life effectively off the likes of the bank charges issue.

It is revenue per year, non profit.

[Shotgun Rider]

johnfm said:

It is revenue per year, non profit.

Revenue is £15 million with profit of £13 million according to plenty of news sources.

http://www.guardian.co.uk/money/2012/jun/01/moneys...
http://www.thisismoney.co.uk/money/news/article-21...
http://www.ft.com/cms/s/0/bc1bd2fc-abd3-11e1-a8da-...

With 59% of their income coming from moneysupermarket it makes a lot of sense for them to buy the site.

[northandy]

johnfm said:

It is revenue per year, non profit.

As shotgun rider states, 15m revenue, 13m profit. Not a bad little business!!!!

[0a]

Blimey, the question in the industry has always been whether the website will be worth anything without him / owened by someone else that his users don't trust.

[Slaav]

0a said:

Blimey, the question in the industry has always been whether the website will be worth anything without him / owened by someone else that his users don't trust.

I never did trust him in the 1st place - and still don't!


Not that I know him personally you understand