How do you spend £143 Million?
Discussion
boroandy87 said:
I'd buy a small football team & racing team. No idea how much this would cost so i'll ball park £25 million. They must be self sufficient. No living beyond their means. Occasional investment in infrastructure etc would happen based on any monies accruing interest.
Why would anyone consider doing this?Like football? then get an executive box at your favourite club and have fun there with your mates each game. Take them with you for any good away games.
Same thing with a racing team. If you like F1 travel the world in style to watch them or if you like racing buy a car and enter a suitable series.
Buying teams in either of these sports would be mental and a very easy way to burn through huge amounts of cash and probably make yourself very unpopular with lots of people at the same time.
If I won the 143 million quid...
- Buy myself and my wife a nice house. There's only two of us, so it needn't be big but somewhere nice and with a good garage and a big garden.
- I'd give my parents and my in-laws money so they can retire comfortably. Morwe than comfortably.
- I'd give my brothers and my sister money so they can buy themselves nice houses and good cars and also put money into savings for nieces and nephews for them to use towards first cars, first homes, university / further education.
- I'd have my civic sorted out, and I'd have my wifes BMW sorted out. These will remain our daily drivers.
- I'll still want to work, possibly part-time teaching on undergraduate courses, or doing my own research in organic chemistry using some of my money to get me going.
- I'd buy a ducati multistrada and afford the servicing!
- I'd buy a nissan skyline R33 or R34 and have it stripped and rebuilt with some goodies bolted on as well (and more).
- I would pay people to help me travel...one of my wishes is to travel, but I am very very anxious about bieng in foreign lands. Being able to employ someone as a guide and as an interpreter etc would greatly ease my anxiety. maybe we can follow the MotoGP to some places, maybe go to some other motorsport events (Dakar for example)
- i'd buy a really really awesome telescope and binge on night sky objects whenever the weather permits.
One would have to be very careful with the tax man, yes?
I know the winnings are tax free but with all your property investments and what not you are going to need a good accountant.
Also, the cash that you give to your family, friends, whatever would be liable for inheritance tax, and you would need to pay income plus CGT?
Sorry, too serious for the thread?
Personally i'd bordering on a chemically induced coma for the first wee while. When i woke up if i still recognised my surroundings then i'd start thinking about doing sensible things. This is probably why the lottery gods don't let me win.
I know the winnings are tax free but with all your property investments and what not you are going to need a good accountant.
Also, the cash that you give to your family, friends, whatever would be liable for inheritance tax, and you would need to pay income plus CGT?
Sorry, too serious for the thread?
Personally i'd bordering on a chemically induced coma for the first wee while. When i woke up if i still recognised my surroundings then i'd start thinking about doing sensible things. This is probably why the lottery gods don't let me win.
For me (being 26) - the last thing I'd want to do is put my feet up and relax - I have several ideas floating around my head:
- Buy an city centre car park, improve it a bit and run it as per a normal car park.
- Learn how to fix up houses (learn at least one of the trades: leccy, Plumbing, construction etc.) - and buy old derelict houses and improve to sell on for profit.
- Have a secure car park somewhere where people can leave their cars in storage (fixed monthly fee etc.) if they don't pay and after exhausting all other legal chasing for payment routes I have the car as settlement.
- Invest some in start-up companies, buy shares, bullion, etc.
Then the niceties follow:
- Clear my friends Uni/PDL debts + lump sum
- Buy the cars I've always wanted
- Buy my parents the house/cars they've always wanted
- Buy myself a relatively modest house in a nice area
- Travel for a bit
The aim being to develop the cash into a business portfolio for me so it doesn't feel like I'm just sat on a huge wad of cash, but can do something meaningful with it and nurture it.
I've always been "good" with money, obviously on a much smaller scale, but relatively speaking, so I know in myself that I could cope with a windfall. My only real concern is how I get treated in the aftermath, that would be the real challenge.
- Buy an city centre car park, improve it a bit and run it as per a normal car park.
- Learn how to fix up houses (learn at least one of the trades: leccy, Plumbing, construction etc.) - and buy old derelict houses and improve to sell on for profit.
- Have a secure car park somewhere where people can leave their cars in storage (fixed monthly fee etc.) if they don't pay and after exhausting all other legal chasing for payment routes I have the car as settlement.
- Invest some in start-up companies, buy shares, bullion, etc.
Then the niceties follow:
- Clear my friends Uni/PDL debts + lump sum
- Buy the cars I've always wanted
- Buy my parents the house/cars they've always wanted
- Buy myself a relatively modest house in a nice area
- Travel for a bit
The aim being to develop the cash into a business portfolio for me so it doesn't feel like I'm just sat on a huge wad of cash, but can do something meaningful with it and nurture it.
I've always been "good" with money, obviously on a much smaller scale, but relatively speaking, so I know in myself that I could cope with a windfall. My only real concern is how I get treated in the aftermath, that would be the real challenge.
Brand new Toyota Avensis 1.6 TR V-Matic.
(TR is top of the range by the way
)
On a more serious note -
6 big houses
4 slightly smaller big houses
10/15 cars
24 trust funds (kids, nephews, nieces)
Big place in Florida
Ideally I'd probably set up a Charity and use that two fund the schools that me and my kids went to, the local Health centre,and a few other local Charities. I'd love to have given £10m to the maternity unit where my siblings and my kids were born. Sadly it's closed down.
(TR is top of the range by the way
)On a more serious note -
6 big houses
4 slightly smaller big houses
10/15 cars
24 trust funds (kids, nephews, nieces)
Big place in Florida
Ideally I'd probably set up a Charity and use that two fund the schools that me and my kids went to, the local Health centre,and a few other local Charities. I'd love to have given £10m to the maternity unit where my siblings and my kids were born. Sadly it's closed down.
thatdude said:
If I won the 143 million quid...
Really?- I'd have my civic sorted out, and I'd have my wifes BMW sorted out. These will remain our daily drivers.
- I'll still want to work, possibly part-time teaching on undergraduate courses, or doing my own research in organic chemistry using some of my money to get me going.
Motorsport would be my new "work", i would set up a BTCC team for sure with enough resources to be competitive and a lot of the support series. I would set up a driving school for those aspiring to make it into the above. Pretty sure that would keep me busy time wise.
I would move house but not too far away and nothing too grand, with a small selection of cars which would get used, no garage queens.
Family hack of her choice for the mrs, for me a high end aston/ bentley for a daily driver with a Ferrari 360CS for the weekend/ track. Perhaps a Ferrari GTO (80's version) with a full nut and bolt restoration for the B roads malarky.
Plenty of holidays a year to all sorts of exotic places. Plenty of skiing through the winter. Good food and drink wherever i go.
kids would be sorted for when they are older and family and friends would see a chunk of it too.
A life changing amount , but for me not a new life, i wouldn't give up family life for coke and hookers and yachts thats for sure.
I would move house but not too far away and nothing too grand, with a small selection of cars which would get used, no garage queens.
Family hack of her choice for the mrs, for me a high end aston/ bentley for a daily driver with a Ferrari 360CS for the weekend/ track. Perhaps a Ferrari GTO (80's version) with a full nut and bolt restoration for the B roads malarky.
Plenty of holidays a year to all sorts of exotic places. Plenty of skiing through the winter. Good food and drink wherever i go.
kids would be sorted for when they are older and family and friends would see a chunk of it too.
A life changing amount , but for me not a new life, i wouldn't give up family life for coke and hookers and yachts thats for sure.
I would spend the £43m on a house and a flat in London and a few nice cars.
Then I'd take the £100m and see what I could do with it. They say the rich get richer, would be fantastic to see what one could make from a £100m seed.
Oh, I'd give my brother & sister a grand each too for a proper night out.
Then I'd take the £100m and see what I could do with it. They say the rich get richer, would be fantastic to see what one could make from a £100m seed.
Oh, I'd give my brother & sister a grand each too for a proper night out.
In no particular order:
1. Cars
New RS6 Estate as an everyday car (or possibly a Ferrari FF), Carrerra GT, order a Singer 911 and whatever the wife wanted. That would do for starters.
2. Houses
Large house with land and garages and a smart flat in that there London town.
3. Family & Friends
£5M each to parents, in laws, sister and brother in law. £500K to my close friends so they could be mortgage free with money left in the bank.
4. Holidays.
I suspect my first year would be spent travelling the world in style and taking in all the best sporting events.
I'd also charter some nice yachts. Med in the summer and Carribean in the winter.
If I was happy living on a decent sized boat for extended periods I'd get Oyster to build me a nice new 885 and spend a few years sailing round the world with a few good crew and family and friends along for holidays.
5. Charity
Set up a charitable trust.
1. Cars
New RS6 Estate as an everyday car (or possibly a Ferrari FF), Carrerra GT, order a Singer 911 and whatever the wife wanted. That would do for starters.
2. Houses
Large house with land and garages and a smart flat in that there London town.
3. Family & Friends
£5M each to parents, in laws, sister and brother in law. £500K to my close friends so they could be mortgage free with money left in the bank.
4. Holidays.
I suspect my first year would be spent travelling the world in style and taking in all the best sporting events.
I'd also charter some nice yachts. Med in the summer and Carribean in the winter.
If I was happy living on a decent sized boat for extended periods I'd get Oyster to build me a nice new 885 and spend a few years sailing round the world with a few good crew and family and friends along for holidays.
5. Charity
Set up a charitable trust.
d 
Immediate family members would get a million each (that's £5 million)
uncles / aunts & cousins get a million per family (£5 million)
All our friends get their mortgages paid off (let's say £5 million)
Our kids get a million each in a fund (£3 million)
We'll keep £10 million for ourselves for house / cars / holidays / easy life. That's loads more than we'd ever need realistically.
Total £28,000, leaving £115 million for charity.
I'd spend the rest of my time working with charitable companies and ensuring the money gets to where it's needed the most.
uncles / aunts & cousins get a million per family (£5 million)
All our friends get their mortgages paid off (let's say £5 million)
Our kids get a million each in a fund (£3 million)
We'll keep £10 million for ourselves for house / cars / holidays / easy life. That's loads more than we'd ever need realistically.
Total £28,000, leaving £115 million for charity.
I'd spend the rest of my time working with charitable companies and ensuring the money gets to where it's needed the most.
For starters I wouldn't admit to anyone how much I'd won, maybe claim I'd won £50-£100k to explain the house upgrade but I can never understand why so many lottery winners go public with it, the attention must drive them mad.
I can see the playboy lifestyle (following the F1 season and similar things mentioned here) could get a bit boring after a while and I'd want to do some form of work, but maybe unpaid for a charity, or even set up my own company doing something useful but not that profitable, say cheap housing for the homeless, or some kind of educational trust.
As someone mentioned before I'd be donating a chunk of cash to get Just Jane in the air, and getting a PPL/CPL too. I've always fancied a share in a Catalina and using it to run island hopping tours somewhere interesting.
I can see the playboy lifestyle (following the F1 season and similar things mentioned here) could get a bit boring after a while and I'd want to do some form of work, but maybe unpaid for a charity, or even set up my own company doing something useful but not that profitable, say cheap housing for the homeless, or some kind of educational trust.
As someone mentioned before I'd be donating a chunk of cash to get Just Jane in the air, and getting a PPL/CPL too. I've always fancied a share in a Catalina and using it to run island hopping tours somewhere interesting.
In no particular order -
Book a trip to Japan
Go all Grand Designs on my house
Buy all the books in my Amazon wish list - there is a lot!
Give my parents Natwest Black credit cards linked to my account
Give my 3 sisters a healthy sum each so they never have to work.
Set trust funds up for their kids - full access is only available to them once they have got an education, learnt a trade and at least worked at the coal face for a period of time.
Buy a warehouse and then proceed to stuff it with random car related tat. More likely to be motoring related oddities rather than a fleet of hyper cars. Restore some classics
Buy one of those mega camper / race car transporter things - proceed to do track days at every circuit in the UK and Europe.
Buy a F40!
Travel to the US, track down and buy back my dads old DB2/4 and then present it to him on his Birthday.
Get married, get another dog
Race competitively in a series.
Do random acts of kindness!
Book a trip to Japan
Go all Grand Designs on my house
Buy all the books in my Amazon wish list - there is a lot!
Give my parents Natwest Black credit cards linked to my account
Give my 3 sisters a healthy sum each so they never have to work.
Set trust funds up for their kids - full access is only available to them once they have got an education, learnt a trade and at least worked at the coal face for a period of time.
Buy a warehouse and then proceed to stuff it with random car related tat. More likely to be motoring related oddities rather than a fleet of hyper cars. Restore some classics
Buy one of those mega camper / race car transporter things - proceed to do track days at every circuit in the UK and Europe.
Buy a F40!
Travel to the US, track down and buy back my dads old DB2/4 and then present it to him on his Birthday.
Get married, get another dog
Race competitively in a series.
Do random acts of kindness!
Davey S2 said:
Buying teams in either of these sports would be mental and a very easy way to burn through huge amounts of cash and probably make yourself very unpopular with lots of people at the same time.
Mike Ashley presently has this problem.Lord Sugar walked away from the problem by selling Spurs.
Unless you're a billionaire/in sport franchising buying a club is pointless.
Gassing Station | The Lounge | Top of Page | What's New | My Stuff