"Scud's fortune gone on girls and cars"

[Prospector]

TH and Nun I disagree that this is tall poppy stuff. There are sports stars (and other high profile people) that when bad times come, people feel sorry for them. eg, after 20+ years of marriage, and with recent health problems, I feel sympathy for Lisa Curry and Grant Kenny. And if Pat Rafter lost his money, then sympathy goes their way.

The issue with the Scud is that he could never be relied on when the going got tough; he was always keen to show off his latest love life; he enjoyed telling everyone about his playboy life, and now, he is willingly being photographed on crutches crying poverty. It is like lllllleyton selling the story of his tennis, engagement, marriage, birth of babies to the highest bidder, then complaining the media is on his back all the time.

 

[insider]

This is not tall poppy syndrome from my part... The guy is just dumb... He spent his money on excessive luxuries and now as he comes to the end of his career, something he should've expected, is worried cos he didn't plan for the future... There may have been a bit of social pressure involved with splurging his cashola...

 

[Aussiest]

it was his cash , he was young , he partied

Yeah, but. If he had have invested wisely, he could have enjoyed partying more :grinsking

 

[nunthewiser]

sorry guys but too busy to adress anymore comments as google imaging "delta goodrem " and lambo,s and wishing i was the scud for a year in his prime

totally agree leyton needs a good spanking

 

[Bobby]

Those who have never felt adoration will not understand good for you Mark ! bet you had a pig-out .

Anyone want to compare a ten year experience thats compatible to the fun he had ?

 

[jono1887]

Maybe he should've invested in a financial planner

 

[nunthewiser]

Maybe he should've invested in a financial planner

yes i heard " storm financial " are great

 

[Tink]

Never like the guy...

Now his back at Mummys, he should be so proud..lol

 

[Tink]

I know a few people that know him personally and his not such a nice person. He lost alot of his good friends on the way the way he treated them..

Leyton Hewitt on the other hand, has helped alot of people. One person I know personally who speaks very highly of him and his wife..

Celebrities putting themselves in the paper like that, why would we feel sorry for them?

 

[Agentm]

george beat once said

"I spent a lot of money on booze, birds (women) and fast cars. The rest I just squandered,"

thats the right spirit.. i mean you hardly can spend it once your in the grave..

people can do what ever they like in life, and the poo has spent more than most of will earn in a lifetime so it makes it hard to understand

everyone has the time in their lives to make mistakes and learn from them,, some are just a lot more spectacular.

 

[Prospector]

people can do what ever they like in life, and the poo has spent more than most of will earn in a lifetime so it makes it hard to understand

everyone has the time in their lives to make mistakes and learn from them,, some are just a lot more spectacular.

Of course he can do whatever he likes with his money, I just dont want to read a poor me sad sob story when it is all gone!

 

[Timmy]

Is he silly, is he not?
Is he an a*hole, is he not?

Dunno.

All I know is there is a large element of schadenfreude on this thread.

 

[Agentm]

Of course he can do whatever he likes with his money, I just dont want to read a poor me sad sob story when it is all gone!

has he done that? can you quote me a little of the poor me quotes from anywhere?

imho your assuming he has that attitude and is playing the "poor me" card but i ask you one thing, is he actually saying that?

i remember bob ansett taking a real hard knock and managing to come back with some credibility

some of the greatest business people have come from a background of having had one spectacular bankruptcy and then understanding what wealth is and making far finer business decisions

these are famous bankrupts

Oscar Wilde - Playwright - The Importance of Being Earnest

Francis Ford Coppola - Film maker - The Godfather

David Crosby - Singer from Crosby, Stills and Nash - Marrakesh Express

Kim Basinger - Actress - LA Confidential and 9&1/2 Weeks

Gary Coleman - Actor - Different Strokes

George Best - Football star

Zsa Zsa Gabor - Actress

Corey Haim - Actor - License to Drive and The Lost Boys

Bjorn Borg - Tennis star

Toni Braxton - Singer - Unbreak My Heart

Tia Carrere - Actress - Wayne's World

John DeLorean - Car maker - featured in Back to the Future trilogy

Isaac Hayes - Singer/Songwriter - Theme from Shaft

Walt Disney - Founder of Disney Pictures and Disney World

Mark Twain - American Author and Humorist - Tom Sawyer and Huckleberry Finn

Handel - Classical Composer - Messiah

MC Hammer - Rapper - You can't Touch This

Ulysses S.Grant - 18th President of the USA

Charles Goodyear - The inventor of Goodyear tyres

Don Jonson - Actor - Miami Vice

Margot Kidder - Actress - Superman's ‘Lois'

Jerry Lee Lewis - Singer - Great Balls of Fire

Abraham Lincoln - 16th President of the USA

Thomas Paine - 18th Century Revolutionary, Inventory and Intellectual

Willie Nelson - Country Singer - On The Road Again

Meat Loaf - Singer - Like a bat out of hell and I would do anything for love

Rembrandt - Artist and painter

Burt Reynolds - Actor - Smokey and the Bandits and Cannonball Run

Donald Trump - Business Tycoon

Mick Fleetwood - Singer - Fleetwood Mac - Dreams

Tammy Wynette - Country Singer - Stand By Your Man

Cyndi Lauper - Singer - Girls Just Want To Have Fun

Jim Davidson - Comedian

LaToya Jackson - Model

Marvin Gaye - Singer - Heard it Through the Grapevine

Buster Keaton - Silent Movie Star - At The Circus and Go West

Mickey Rooney - Actor - National Velvet and Pete's Dragon

Ray Winstone - Actor - Love, Honour and Obey, Nil By Mouth and Beowulf

Mike Tyson - Boxer

David Van Day - Singer with Dollar and Bucks Fizz

 

[Agentm]

these are some stories bhind these type of successful bankrupts

Abraham Lincoln

His face may now appear on the penny, but at one time, Lincoln didn’t have a single cent to spare. Lincoln tried many occupations as a young man, including buying a general store in New Salem, Illinois, in 1832. While he may have been terrific at splitting rails, winning debates, and wearing stovepipe hats, Honest Abe wasn’t much of a shopkeeper. Lincoln and his partner started buying out other stores’ inventories on credit, but their own sales were dismal. As the store’s debts mounted, Lincoln sold his share, but when his partner died, the future President became liable for $1,000 in back payments. Lincoln didn’t have modern bankruptcy laws to protect him, so when his creditors took him to court, he lost his two remaining assets: a horse and some surveying gear. That wasn’t enough to foot his bill, though, and Lincoln continued paying off his debts until well into the 1840s.

Other Presidents: Lincoln’s not alone in the annals of bankrupt commanders-in-chief, though. Ulysses S. Grant went bankrupt after leaving office when a partner in an investment-banking venture swindled him. Thomas Jefferson filed for bankruptcy several times, including after leaving office, possibly because he threw around a lot of cash on food and wine. William McKinley went bankrupt while serving as Ohio’s governor in 1893; he was $130,000 in the red before eventually straightening out with the help of friends. He won the White House just three years later.

2. Henry Ford

Speculation abounds about the future of the Big Three motor companies, leading some observers to wonder what Henry Ford would think of this financial peril. Ford actually couldn’t be too judgmental, though, because he was no stranger to debt himself. In 1899 the young mechanic and engineer started the Detroit Automobile Company with the backing of three prominent politicians. Ford hadn’t quite mastered the innovation and production techniques that would eventually make him rich, though. Over the next two years, Ford proved to be too much of a perfectionist, and his plant only produced 20 cars as he painstakingly tinkered with designs. The enterprise went bankrupt in 1901 and reorganized into the Henry Ford Company later that year. Ford eventually left that group and finally got things right in 1903, when he founded the Ford Motor Company. Things didn’t go so badly for the Henry Ford Company after he left, either; it changed its name into one you might find a bit more recognizable: the Cadillac Automobile Company.

Ford wasn’t the only auto magnate who knew how bankruptcy felt, though. General Motors founder William Crapo Durant took a massive hit during the Great Depression that saw his fortune fall from $120 million to bankruptcy. He spent his last few years running a bowling alley in Flint, Michigan.

3. Walt Disney

His name may be a stalwart brand today, but early in his career, Disney was just a struggling filmmaker with too many bills. In 1922 he started his first film company with a partner in Kansas City. The two men bought a used camera and made short advertising films and cartoons under the studio name Laugh-O-Gram. Disney even signed a deal with a New York company to distribute the films he was producing. That arrangement didn’t work out so well, though, as the distributor cheated Disney’s studio. Without the distributor’s cash, Disney couldn’t cover his overhead, and his studio went bankrupt in 1923. He then left Kansas City for Hollywood, and after a series of increasingly successful creations, Disney debuted a new character named Mickey Mouse in 1928.

4. Milton Hershey

Milton Hershey always knew he could make candy, but running a successful business seemed just out of his reach. Although he never had a formal education, Hershey spent four years apprenticing in a candy shop before striking out on his own in Philadelphia in 1876. Six years later, his shop went under, as did a subsequent attempt to peddle sweets in New York City. Hershey then returned home to Lancaster, Pennsylvania, where he pioneered the use of fresh milk in caramel productions and founded the successful Lancaster Caramel Company. In 1900 he sold the caramel company for $1 million so he could focus on perfecting a milk chocolate formula. Once he finally nailed the recipe down, he was too rich (and too flush with delicious chocolate) for anyone to remember the flops of his early candy ventures.

5. Burt Reynolds

Burt Reynolds was one of Hollywood’s biggest stars of the 1970s. Unfortunately, though, he spent money like his career would never hit a downswing. He owned mansions on both coasts, a helicopter, and a lavish Florida ranch. Gradually, his financial situation got grimmer as he made boneheaded career choices and weathered a pricey divorce from Loni Anderson. By 1996, the Bandit owed $10 million to his creditors, and the royalties from Cop and a Half just weren’t flowing in quickly enough. Reynolds declared Chapter 11 bankruptcy, from which he emerged in 1998.

Not only did he not have to sell his trademark mustache at auction to pay his bills, Reynolds even got to keep his Florida estate, Valhalla. This homestead exemption raised the ire of some observers who didn’t think hanging on to a $2.5 million mansion while writing off $8 million in debt was quite in the spirit of bankruptcy laws’ provisions about keeping one’s home. In fact, when the Senate passed measures tightening these loopholes in 2001, Reynolds’ keeping his ranch was one of the examples they used to decry bankruptcy proceedings as going too easy on the wealthy. “There is no greater bankruptcy abuse than this,” said Wisconsin Senator Herb Kohl.

6. H.J. Heinz

When Heinz was just 25 years old, he and two partners began a company that made horseradish. As the legend goes, the spicy root was the first of Heinz’s famed 57 varieties, but it wasn’t as lucrative as he’d hoped. A business panic in 1875 bankrupted his enterprise, but Heinz’s passion for condiments remained strong. The very next year, Heinz got together with his brother and a cousin to start a new company in Pittsburgh. The reorganized group started making ketchup, and the business took off. Last year the H.J. Heinz Company had over $10 billion in revenue.

7. P.T. Barnum

Famous showman P.T. Barnum was always quick with a quip, but he wasn’t so snappy about paying back his loans. Although he was successful showing off oddities in New York and around the globe, Barnum had a habit of borrowing cash from anyone who would open their wallet for him. He’d use these funds to buy real estate, particularly around Bridgeport, Connecticut, where he was trying to foster industrial development. Unfortunately for Barnum, he went too far with borrowed cash, and in 1855, things bottomed out. Barnum was bankrupt and owed his creditors nearly half a million dollars. Barnum didn’t give up, though, and he slowly worked himself out of debt over the next five years. The showman gave lectures around England about showmanship and making money, and he regained control of his main attraction, The American Museum in New York City, in 1860. In 1871, just a few months shy of his 61st birthday, Barnum entered the circus business with Barnum’s Grand Traveling Museum, Menagerie, Caravan, and Circus, which raked in over $400,000 in its first year.

 

[Sir Osisofliver]

Is he silly, is he not?
Is he an a*hole, is he not?

Dunno.

All I know is there is a large element of schadenfreude on this thread.

schadenfreude - the malicious joy in the misfortune of others.

I have to admit...yes...I think it's funny that the poo though a whole lot of hard work and effort made a fortune...and then through mismanagement and wild living lost it.

He's twit, look at the twit, point and laugh ha ha HAR. I see a lot of twits - people who thought the market was going up forever and I'm afraid my reaction is either laugh (privately to myself) or cry. I prefer to see the humour rather than the tragedy.

There is no jealousy involved, I don't care how much he (or anyone else) is worth, merely the financial slapstick humour.

I have the same reaction when watching funniest home video's when some skateboarding kid tears open his scrotum when trying to do a fully sick mate jump off the roof of his house.

Sure it's not very highbrow...still funny.

Cheers

Sir O

 

[nunthewiser]

I have the same reaction when watching funniest home video's when some skateboarding kid tears open his scrotum when trying to do a fully sick mate jump off the roof of his house.


Sir O

GEEEEEEEEEZUS!

you just brought a tear to my eye ......

feeling a lil sick actually

need a another google image of delta goodrem playing with the scuds tennis balls to get that evil image out of my mind .............ouch

 

[Tink]

Timmy - if he has learned something from it -- good
If not, I am not going to lose sleep over it

 

[Aussiest]

i remember bob ansett taking a real hard knock and managing to come back with some credibility

some of the greatest business people have come from a background of having had one spectacular bankruptcy and then understanding what wealth is and making far finer business decisions

these are famous bankrupts...

I'm not sure whether the Scud can pull himself out of this. Wasn't his father a fruiterer? Perhaps he had better head down to the Footscray market and start practicing his bantering skills.

Some people lose money from stupid investments. He lost it through plain stupidity.

 

[Prospector]

has he done that? can you quote me a little of the poor me quotes from anywhere?

imho your assuming he has that attitude and is playing the "poor me" card but i ask you one thing, is he actually saying that?

Ok, this is from our paper on the weekend "I've done nothing wrong, I havent committed any crimes" (well, most people dont) He took out a mortgage in 2008, even though he hadnt played tennis (earnt any income) since 2006, then says "I didnt realise what I was getting into at the time. I just signed on the dotted line (for a 1.3 million mortgage) and didnt read the fine print" "I'm paying 31/2 times what a normal mortgage would cost"

But if he hadnt earned any income since 2006, what did he do to slow down his spending?

Standing on crutches in front of his home in shorts, showing his bandage, when he could have been seated, wearing long pants and no sympathy injury play!

 

[Sean K]

Standing on crutches in front of his home in shorts, showing his bandage, when he could have been seated, wearing long pants and no sympathy injury play!

Nice point P.

Did he get paid for this interview by the way?