Article re: Buckingham open to return to FM

bombaysaffires · #1 02-07-2024, 08:30 PM

Quote:

Originally Posted by SteveMacD

That was 37 years ago. Part of the reason he went with Carl Stubner after Dennis retired is because Carl was a money guy, first, and set Mick up with a financial manager.

“And Mr. Fleetwood is now planning to turn over the bulk of his funds to David Manashe, a friend of Mr. Stubner and a stock broker at Dean Witter Reynolds, a unit of Morgan Stanley, Dean Witter, Discover & Company.”

So, he has someone looking over his money and the child support days are over, with the younger daughters being 22.

https://www.nytimes.com/1997/11/30/b...-tomorrow.html

Whatever bankruptcies that have been reported since were for businesses, not his personal finances. Anything else is him licensing his name.

Plus, his property in Hawaii has to be worth a small fortune.

And let's not forget Mick recently sold his share of FM publishing to Hipgnosis or whomever for a massive lump sum of money. his comment at the time was that getting this lump of cash now would allow him to do a number of things that he otherwise would have had to space out over time (ie as money came in from subsequent FM tours). Let's see how well it works for him having a money manager... I predict in a few years, because he won't keep tabs on his money, he could easily find out he's been swindled out of millions. Then what does he do?? I wouldn't assume he's not still financing the lives of his daughters -- both the younger ones and even the older ones and any grandchildren they may have produced. And god knows how many 'helpers' he has.... he did have one assistant with him when I went to one of his meet and greets several years ago (who kinda creeped me out and frankly didn't seem very bright, but very impressed with himself nonetheless...). And there's no income from the restaurant and gift shop in Maui anymore...

SteveMacD · #2 02-07-2024, 08:48 PM

Quote:

Originally Posted by bombaysaffires

Let's see how well it works for him having a money manager... I predict in a few years, because he won't keep tabs on his money, he could easily find out he's been swindled out of millions.

That’s been in place since the mid-90s. The quote was from 1997. The money manager was a friend of Carl’s and worked for Morgan Stanley, so I doubt that’s the kind of situation where getting swindled is likely. Furthermore, that would be grounds for one hell of a lawsuit.

Quote:

And god knows how many 'helpers' he has....

Most of those people are tour specific.

Quote:

And there's no income from the restaurant and gift shop in Maui anymore...

I wonder how much that actually brought in. It seems like something like that would have a massive overhead. And, did he actually own the business or was he more of an advisor who licensed his name? I’m sure there was some money, but probably not enough to support his lifestyle.

DownOnRodeo · #3 02-08-2024, 01:01 AM

Quote:

Originally Posted by SteveMacD

The money manager (...) worked for Morgan Stanley, so I doubt that’s the kind of situation where getting swindled is likely.

No comment.

UnwindedDreams · #4 02-07-2024, 10:45 PM

Quote:

Originally Posted by bombaysaffires

he did have one assistant with him when I went to one of his meet and greets several years ago (who kinda creeped me out and frankly didn't seem very bright, but very impressed with himself nonetheless...).

I know exactly who you're talking about. That person was perfect for running a rural one floor motel that still uses hard keys.