Lottery Funding & Olympics

[Alucard]

They actually only own half the Olympic Village in partnership with a GB company

The other half is owned by Triathlon Homes

All money from both sales went back into the Olympic contingency fund

Not according to an article on MSN a fortnight ago it did not The Charities were asking where the money had got to because the Government was supposed to have put the 400 plus million back in the good deeds lottery fund.

[FONT=&quot]London's Olympic Village has been sold to the Qatari ruling family's property company in a deal that leaves UK taxpayers £275m out of pocket.[/FONT]
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[Deleted member 16999]

Well in my opinion its wrong to sell off our country to foreigners.

Said the Englishman living in Portugal :rofl:

 

[Alucard]

Said the Englishman living in Portugal :rofl:

You sound very bitter, I have not sold anything off to foreigners and the UK or (England)is still my country, it says so on my passport.
As I said if you like being owned by foreigners and all the UKs money being spirited away to London one way or another then thats your choice.

I do not like it and I will state my opinion on it as it is worth as much as yours or anyone elses on this thread. Now I am going to have a Brandy and watch the cruise ships and boats from my sea view from one of my balconies.

 

[Deleted member 16999]

You sound very bitter, I have not sold anything off to foreigners and the UK or (England)is still my country, it says so on my passport.
As I said if you like being owned by foreigners and all the UKs money being spirited away to London one way or another then thats your choice.

I do not like it and I will state my opinion on it as it is worth as much as yours or anyone elses on this thread. Now I am going to have a Brandy and watch the cruise ships and boats from my sea view from one of my balconies.

Seriously missed that one didn't you.
You are the foreigner in Portugal doing what you moan about foreigners doing in England :rofl:

 

[drdel]

When I started this thread I didn't imagine it would cause such an argument; some at a personal level, which is quite sad.

All I pointed out was that in my view spending £275m might be a bit excessive - in my opinion.

Many of the sports personalities are able to do very well from sponsorship on the back of the Lottery investment. Many are able to train overseas in comparative luxury or play on very nice sailing boats.

Many, once fame has arrived, decide to live in a more tax advantageous country; I'd probably do the same; given the chance.

Perhaps lottery funding for individuals should be like student grants; once you earn above say £100k you should pay a percentage back! I'll duck now.

 

[Hacker Khan]

You sound very bitter, I have not sold anything off to foreigners and the UK or (England)is still my country, it says so on my passport.
As I said if you like being owned by foreigners and all the UKs money being spirited away to London one way or another then thats your choice.

I do not like it and I will state my opinion on it as it is worth as much as yours or anyone elses on this thread. Now I am going to have a Brandy and watch the cruise ships and boats from my sea view from one of my balconies.

That ship sailed a long time ago, most of the UK has been sold off to foreign investors.

 

[Deleted member 15344]

When I started this thread I didn't imagine it would cause such an argument; some at a personal level, which is quite sad.

All I pointed out was that in my view spending £275m might be a bit excessive - in my opinion.

Many of the sports personalities are able to do very well from sponsorship on the back of the Lottery investment. Many are able to train overseas in comparative luxury or play on very nice sailing boats.

Many, once fame has arrived, decide to live in a more tax advantageous country; I'd probably do the same; given the chance.

Perhaps lottery funding for individuals should be like student grants; once you earn above say £100k you should pay a percentage back! I'll duck now.

Lottery funding is means tested

If people do well from the Olympics and their income from sponsership or appearance fee etc reaches levels where they are able to become full time athletes without the need of funding then they will not receive Lottery Funds

"Many" didn't do what you suggest after 2012 if "any" actually did - how many actually will achieve fame and riches after 2012 ? A handful if that

I very much doubt many will earn anywhere near £100k a year and if they do they won't be getting lottery funding.

 

[Alucard]

Seriously missed that one didn't you.
You are the foreigner in Portugal doing what you moan about foreigners doing in England :rofl:

I did not miss anything, I have never taken a cent out of the pot in Portugal but I have put hundreds of thousands of Euros into the pot. I do not own half of Lisbon and there is a huge difference to owning a couple of properties somewhere and owning half of the UKs biggest city.
Look I do not want to argue with you so leave it we will agree to disagree, I want to enjoy my Brandy. lol

 

[Hacker Khan]

When I started this thread I didn't imagine it would cause such an argument; some at a personal level, which is quite sad.

All I pointed out was that in my view spending £275m might be a bit excessive - in my opinion.

Many of the sports personalities are able to do very well from sponsorship on the back of the Lottery investment. Many are able to train overseas in comparative luxury or play on very nice sailing boats.

Many, once fame has arrived, decide to live in a more tax advantageous country; I'd probably do the same; given the chance.

Perhaps lottery funding for individuals should be like student grants; once you earn above say £100k you should pay a percentage back! I'll duck now.

Not sure with the possible exception one or two top road cyclists, many GB Olympians live in more tax advantageous countries or play on nice sailing boats. Unless you are an Olympic sailor, in which case it's in the job description.

 

[Alucard]

That ship sailed a long time ago, most of the UK has been sold off to foreign investors.

You are quite right Hacker Khan but why not stop selling off whats left? whats next the NHS to the Yanks? time will tell.

 

[Deleted member 1418]

My view on all this is very simple - if the success of our sports men and women in Rio inspires kids to take part in sport and strive to achieve similar success, then all the money from the lottery has been well spent in my opinion.

Also listen to all the interviews and watch the medal ceremonies and see how much pride they all had in representing our country - we need more of that from the younger generation.

With regard to who owns what in this country, the UK - and particularly London - will always attract serious foreign investment. Personally I couldn't care less who owns the Olympic Village - that part of London was a complete s*it hole pre-2012 so the regeneration for the Olympics and beyond was great for that area, and is still attracting visitors.

 

[Hacker Khan]

You are quite right Hacker Khan but why not stop selling off whats left? whats next the NHS to the Yanks? time will tell.

Because just about any large project in the UK nowadays relies on foreign investment or foreign owned companies to make it happen. Witness the recent fuss over the nuclear power plant.

 

[Rlburnside]

And UK sport put all their money into Sport all over the UK as opposed to local authorities who didn't. He lottery has piled in billions into Sport facilities all over the U.K. - facilities that weren't being funded by local councils or governments. In our local area alone the lottery along with UK sport has provided a local centre alongside 8 football pitches and one AstroTurf pitch. The local school got their AstroTurf relayded by lottery grant because the local council wouldn't fund it

I know and agree lottery funding has helped all across the UK, my point was I felt the political decision to increase UK Sport funding by 29% was wrong, perhaps facilities that weren't being funded by local councils was because they had their grant budget cut.

I think it was Adam Peatys home city of Shefield that due to cuts they had a real struggle to keep some of there swimming pools open.

 

[Oohmeoldbacksknackered]

When I started this thread I didn't imagine it would cause such an argument; some at a personal level, which is quite sad.

All I pointed out was that in my view spending £275m might be a bit excessive - in my opinion.

Many of the sports personalities are able to do very well from sponsorship on the back of the Lottery investment. Many are able to train overseas in comparative luxury or play on very nice sailing boats.

Many, once fame has arrived, decide to live in a more tax advantageous country; I'd probably do the same; given the chance.

Perhaps lottery funding for individuals should be like student grants; once you earn above say £100k you should pay a percentage back! I'll duck now.

I think it's been one of the better threads - you should frame it and hang it in the lav, maybe.

It's interesting to see where people place social development against individual progress and I for one am thinking slightly differently to how I was this morning.

And there's not much on a golf forum makes me admit to that.

:thup:

 

[Alucard]

Because just about any large project in the UK nowadays relies on foreign investment or foreign owned companies to make it happen. Witness the recent fuss over the nuclear power plant.

Yes I agree but I would rather build a nuclear power plant in someone elses country and let them take the risks, the same as my view with fracking.

As I say the NHS is the best thing that we have left in the UK.
OK some areas are funded better than others but we still have some kind of decent health care available to the poor.
It is important that we keep it and fund it better so that at least accident and emergencies can operate at full tilt for ALL.

 

[Val]

For what it's worth my view is the lottery funding is free money to elite sports, it costs no one anything. There was no secret lottery money would fund elite sports as well as grass roots sports along with many other worthy causes. How it's distributed doesn't matter to me, it creates no austerity measures and costs me nothing unless i wish to buy a ticket.

 

[Deleted member 16999]

I did not miss anything, I have never taken a cent out of the pot in Portugal but I have put hundreds of thousands of Euros into the pot. I do not own half of Lisbon and there is a huge difference to owning a couple of properties somewhere and owning half of the UKs biggest city.
Look I do not want to argue with you so leave it we will agree to disagree, I want to enjoy my Brandy. lol

So the Olympic Village is now half of London? You have done what the Middle East Companies have done but on a smaller scale, you've invested your money in a foreign land.
Enjoy your Brandy, I do hope it's a local brew 😃

 

[Alucard]

So the Olympic Village is now half of London? You have done what the Middle East Companies have done but on a smaller scale, you've invested your money in a foreign land.
Enjoy your Brandy, I do hope it's a local brew 

ZZZZZZZZzzz if you did not have reading difficulties as it seems and you read my earlier post not long since in reply to another poster you would see that Quatar also owns many other things in LOndon specifically. These include ......

THE SHARD, HARRODS, The Olympic Village, The former US embassy Building, One Hyde Park

Chelsea Barracks, A 200GBP million home in regents park, The Canary Wharf Financial district, Claridges the "Berkley and the Connaught", the London Stock Exchange and Camden Market.

The QIA also owns stakes in Barclays and Sainsburys and quite a lot of other none specific London things.

The Brandy by the way is Greek Metaxa as it is my favourite and I have invested "some money" here in Portugal and its a great investment as the people are great , the weather is great and life is fun.

 

[Deleted member 1418]

I have invested "some money" here in Portugal and its a great investment as the people are great , the weather is great and life is fun.
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Swap London for Portugal and delete 'the weather is great' and I would imagine that's what some foreign investors in the UK would say too!!

 

[Alucard]

Swap London for Portugal and delete 'the weather is great' and I would imagine that's what some foreign investors in the UK would say too!!

Lol.