Sportsitalia…the end

[RoaryRati]

Several weeks static after an SI service and the Spyder has just returned from a faultless 500 mile round trip to the North. It would surely make it past Glasgow and the in-laws….

That's good to know - we're up north (Lake District for 10 days) but left Roary at home and not sure he would like it as the roads are rather pot-holey and wet

 

[safrane]

I was up there this winter too... my usual belated Christmas holiday... can get quite snowy at times.

 

[Harry]

By the way, it is possible for multiple people to combine pensions into one pot to do something like this but I don't know the detail as it wasn't necessary for me.

Yes, you can do it like that and you don’t have to all invest the same amount. However the costs of running that sort of SIPP or SSAS? can be quite high (admin costs informing all the pension holders about rent collected etc etc).
My other half and his partners bought a couple of freehold buildings that their business part-occupied. The income/costs/sale proceeds were all in proportion with their % ownership of the partnership at the time when each building was purchased. They paid off the mortgage with a market value rent from the partnership and also from the tenants in other parts of the buildings.
In the Sportsitalia scenario, I suppose the way to do it is everyone invests a chunk to purchase a freehold outright and then SI pay a nice juicy rent. Otherwise it isn’t worth it! Unless it is a large site with redevelopment potential further down the line when Matt retires…..

 

[enjybenjy]

Matt & Co.

One word. F#ck.

Everything is temporary. You will rise again. You have a great approach, honesty and trust gained from this community. Keep hold of that and wait for the next opportunity.

 

[HTAFC4200]

Omg just seen this.

You'll be back, I have every faith in you.

 

[tmc0011]

This is not good! You guys are the pinnacle in direct and honest approach. If you have it in you, I am sure you will rise again. You have a loyal customer here.

 

[zagatoes30]

Any update on this I see on FB there is talk of a resurrection, which is apt given the time of year

 

[mischaRS]

According to Maserati Owners Club, Ashley and Kevare back in the old premises under a different name: *********. Dont know who else is back there.

 

[Brendan]

According to Maserati Owners Club, Ashley and Kevare back in the old premises under a different name: **********. Dont know who else is back there.

No website for them as of yet

 

[conaero]

This thread will be closed and a statement will be forthcoming