Sympathy required for Bill Archer

[Jim in the West]

From today's FT:

Debt-laden Focus put up for sale in troubled DIY market

Focus DIY has put itself up for sale, as the home improvement group struggles to escape burdensome debt. The retailer, chaired by founder Bill Archer and owned by its management and private equity groups Apax Partners and Duke Street, has hired Rothschild to advise it in discussions with creditors and shareholders.

Its £280m of debt is seen as unviable given the troubled state of the do-it-yourself market.

Blah blah blah

[Archer owns 11.5% of Focus]

 

[Superphil]

 

[Lammy]

 

[Lammy]

http://en.wikipedia.org/wiki/Bill_Archer_(businessman)

 

[Albion Dan]

I think the tragedy is that Archer has made shit loads of personal wealth from selling off most of Focus already and will have no personal liabilty with its current problems.

 

[sully]

That's the best news I've seen for years.


See. My boycott did work!

 

[Barrel of Fun]

I think the tragedy is that Archer has made shit loads of personal wealth from selling off most of Focus already and will have no personal liabilty with its current problems.

Quite. Probably forsaw this trend and was unable to shift his last 11.5%.

 

[Tom Hark Preston Park]

haha

 

[Uncle Spielberg]

Shall we have a whip round for him

 

[Uncle Spielberg]

What about NSC sending him a cheque £ 56.25 with sympathies for his present financial woes

 

[Superphil]

Build a Bonfire
Build a Bonfire

 

[surrey jim]

http://en.wikipedia.org/wiki/Bill_Archer_(businessman)

 

[surrey jim]

What about NSC sending him a cheque � 56.25 with sympathies for his present financial woes

cant we send him 56 pounds of shit

id have a curry tonight

 

[ali jenkins]

Build a Bonfire
Build a Bonfire

Put Bellotti on the top
Put Bill Archer in the middle...

 

[Lammy]

Shall we have a whip round for him

Email him you racing tips, that should finish him off!

 

[Tony Meolas Loan Spell]

Couldnt happen to a nicer twattwattwattwat.

 

[Blackadder]

He has my full sympathies!

RIP

 

[Tooting Gull]

Sadly, I think Albion Dan has it right. The toerag is fantastically wealthy whatever. It's probably to him just a case of how many million less his 11.5 per cent stake is worth. Can't quite find it in me to laugh about this. Now, if he was made instantly destitute or imprisoned, that would be different...

 

[Moshe Gariani]

I wish him no ill on a personal level

Yes, the circumstances of the sale of the Goldstone were very disappointing for Albion fans but Archer did nothing illegal and was only looking after the financial security of his own family

It's typical of the culture of envy that crops up whenever the wealth of successful people is discussed

 

[Tooting Gull]

I wish him no ill on a personal level

Yes, the circumstances of the sale of the Goldstone were very disappointing for Albion fans but Archer did nothing illegal and was only looking after the financial security of his own family

It's typical of the culture of envy that crops up whenever the wealth of successful people is discussed

I find those views almost unbelievable in this context. How much more can you safeguard you family's future after the first £10/20/30 million? That's not envy on our part, it's sheer greed and as it happens at our expense.