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Posted
11 hours ago, Cards13 said:

Old Lingy shouldn’t trust anyone from Geelong ever again, the story about his leasing the Cunningham Pier from The golden boy Frank Costa is brutal. He had to sell the house to cover his debts. 

72993CEE-CCC8-49FB-BF32-2EA119222D5D.jpeg

Wow that's terrible.

I feel for lingy and other families going through these hard times

  • Like 2

Posted
11 hours ago, Cards13 said:

Old Lingy shouldn’t trust anyone from Geelong ever again, the story about his leasing the Cunningham Pier from The golden boy Frank Costa is brutal. He had to sell the house to cover his debts. 

72993CEE-CCC8-49FB-BF32-2EA119222D5D.jpeg

Sounds like he was very poorly advised and probably signed up because the Costa's were involved.

Make sure Folks you have proper financial and legal advice before signing contracts and be very careful about doing business with friends and acquaintances. Very harsh life lesson for Ling

  • Like 3
Posted
13 hours ago, Cards13 said:

Old Lingy shouldn’t trust anyone from Geelong ever again, the story about his leasing the Cunningham Pier from The golden boy Frank Costa is brutal. He had to sell the house to cover his debts. 

 

Interesting background Cards. 

The Costas were approved Lessees of the Pier from the Crown under a before-the-time unheard of 99 year lease developed under the Kennett govt. The lease is 3 volumes long I am told.

This lease underpinned the pier develoments which to this day I have no idea why they are patronised. The Pier is really nothing more than an unsightly carpark with a gawdy building on the end killing all sightlines. Kennett was repsonsibibel for a fabulous re-build of the Geelong foreshore. This Pier works allowed under the lease was not a component of tha.

I now feel sorry for Lingy and hope he can recover from this. It would have been hugely stresful.

Posted
14 minutes ago, Demon17 said:

Interesting background Cards. 

The Costas were approved Lessees of the Pier from the Crown under a before-the-time unheard of 99 year lease developed under the Kennett govt. The lease is 3 volumes long I am told.

This lease underpinned the pier develoments which to this day I have no idea why they are patronised. The Pier is really nothing more than an unsightly carpark with a gawdy building on the end killing all sightlines. Kennett was repsonsibibel for a fabulous re-build of the Geelong foreshore. This Pier works allowed under the lease was not a component of tha.

I now feel sorry for Lingy and hope he can recover from this. It would have been hugely stresful.

That's so sad for Lingy. He was 'lauded' as a successful businessman, but obviously dropped the ball on this one.

He is also apparently a top bloke.

So much suffering ATM. I feel so sorry for Lingy, and everyone else facing financial (and other) distress. 

  • Like 1
Posted (edited)
21 hours ago, gs77 said:

He'd pat himself on the back wouldn't he? The rise began with his coaching tenure. 🤮

Technically true. The rise began the day Jackson called Neeld to tell him to take a walk from AAMI Park to his office at the G...

Edited by Gouga
  • Like 1
Posted
1 hour ago, bingers said:

That's so sad for Lingy. He was 'lauded' as a successful businessman, but obviously dropped the ball on this one.

He is also apparently a top bloke.

So much suffering ATM. I feel so sorry for Lingy, and everyone else facing financial (and other) distress. 

A lesson in diversifying investments. Nothing is without risk and it is crazy to put so much into a project that your house is on the line (even if you think it is low risk). The height of stupidity.

Posted
On 9/11/2021 at 10:18 AM, Jaded said:

Really hope Mark Neeld was commentating on K-Rock again 

I think Neeld is up for appointment as Scott’s replacement.  After all, anything that can go wrong at KP, he has seen and felt. 

Posted
On 9/11/2021 at 12:22 AM, Stevienic23 said:

Stanley won't sleep for months. Darryl Cullinan vs Shane Warne type scaring 

I reckon Captain Gawn might have taken exception to Stanley getting coaches votes in Rd 23. 😉

  • Like 1
  • Haha 2
Posted
21 hours ago, Cards13 said:

Old Lingy shouldn’t trust anyone from Geelong ever again, the story about his leasing the Cunningham Pier from The golden boy Frank Costa is brutal. He had to sell the house to cover his debts. 

72993CEE-CCC8-49FB-BF32-2EA119222D5D.jpeg

Give me the simple life thank you very much. I would never want to put myself through the stress of a big investment or owning a business. Sure the payoff could be great, but if it goes wrong your life can be absolute hell.

Posted
1 minute ago, Chook said:

Give me the simple life thank you very much. I would never want to put myself through the stress of a big investment or owning a business. Sure the payoff could be great, but if it goes wrong your life can be absolute hell.

Easy money Frank would have said, “Lingy, trust me mate, I’ve got your back… just sign here”.

Chook it’s finding the balance and doing your research/finding good people to bring around you/give you advice.
 

I’ve got mates who all they do is look for deals and do very well out of it. I’m pretty conservative only because I know my limitations and not willing to invest that time to learn/or not smart enough lol. 

  • Like 2
Posted
Just now, Sir Why You Little said:

Do we know what their virus 🦠 is yet?

 

Have we been infected by them? Or was it just that they were too old

dementia virus i think

Posted
20 minutes ago, Cards13 said:

Easy money Frank would have said, “Lingy, trust me mate, I’ve got your back… just sign here”.

Chook it’s finding the balance and doing your research/finding good people to bring around you/give you advice.
 

I’ve got mates who all they do is look for deals and do very well out of it. I’m pretty conservative only because I know my limitations and not willing to invest that time to learn/or not smart enough lol. 

First lesson: Steer clear of guys with shifty surnames.

Costa and Shokman aren't even subtle as far as pantomime villain last names go.

Messers Rippov and Forklous are next.

 

  • Like 1
Posted
19 minutes ago, Sir Why You Little said:

Do we know what their virus 🦠 is yet?

 

Have we been infected by them? Or was it just that they were too old

No virus I would not believe anything Scott says, he is always ready with excuses, could not look straight into the camera

Posted
1 hour ago, Chook said:

First lesson: Steer clear of guys with shifty surnames.

Costa and Shokman aren't even subtle as far as pantomime villain last names go.

What about that reporter's name?  Rusty Woodger?  Come on now ...

  • Haha 2

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