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Hemmings interview

Hemmings interview

Joined
May 14, 2011
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650
With the Racing Post so not much about football but seeing as it's rare for him to give interviews I thought I'd post it, link is below but the full interview may only be available to members. Won't post the full article for copyright reasons but picked out a few bits of it that are below:

https://www.racingpost.com/news/mem...i-would-love-to-win-the-national-again/482013

"I took the dogs out at 6.15am, then had my Weetabix and walked the mile to work," he says. "I was in the office at 8am, as normal. I'll take less than an hour for lunch and then I'll be in here until teatime.

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"My days off are for Cheltenham and Aintree. Those have always been my holidays. I do go to Ireland a lot, but when I'm there I'm dealing with horses or animals or people. I went to Spain for a week 15 years ago. That was my last holiday. Really, you see, I have a holiday every day because I'm doing things I like doing. I'm very lucky. I live every day and I love every day."

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"We have 350 pubs throughout the UK, a dozen hotels and ten million square feet of industrial property and offices," he says. "On top of that I've got some other investments, four farms, a football club with no debts, a holiday centre in Cork and some more interests in Ireland. It's a fair size of empire – and if a screw drops off a door, I want to know about it.

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"I'll back both mine on the day. It's just pleasure betting, though. It won't make anybody rich, but I do always give all of the winnings to charity."

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For the sake of humans, Hemmings last year decided to give up some horses. The 2007 banking crisis hit his world hard. The coronavirus threatened to do the same. Jobs were at risk. Hemmings concluded he had to take strong, but painful action.

"It got to a point when we were thinking people might possibly end up unemployed," he admits. "I had to make a decision about whether I should keep horses and feed them, or continue to pay people's wages for a bit longer. I chose to pay those wages, providing I could find good homes for my horses. I said to Kathryn we had to sell the horses and the money had to look after the businesses. Racing is my hobby. It had to take second place.

"I managed to pay those people and we managed to get through the crisis. Things have improved for us, but only because we ensured they did improve. Even after the sale we have 30 horses in training and 24 youngsters in Ireland, so we've still got plenty in the team.

"I feel so sorry for all those people who have lost loved ones. I feel sorry for all those people who have suffered hardship as a result of the pandemic. I know I'm very fortunate."

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One for those on here that are into the stock market/investing:

"Batteries will be a big thing in the future," he says. "In time, if you have the right technology you'll be able to plug a battery into your house and it will run the electric for 12 months. That's not bad thinking for a brickie, is it?"

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"I've only just bought two foals in Ireland," he says, laughing again. "You're a long time dead. You can't anticipate death. Death happens. You have to live your life every day. Don't plan to die or you will die. Plan to live. And get the vaccine!"

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Paying the right price
Most of my horses cost between £60,000 to £80,000. I never pay sums like £300,000 or £400,000, although many do. The maximum I've paid for a horse is £190,000 – and that nearly made me choke.

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Avoiding racing politics
Politics is for those people who are unemployable in industry.

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Trevor tells lies and everything in that interview tells us why he won't invest unless desperate.... It's why we don't have a new training ground but he does have a building site and will rake it in.I can't even be arsed repeating all the rest we know about........

Enter the company rep: Just watch 🙂
 
I've always thought my old man had something to do with the creation of the TH empire.
As a chartered surveyor, he valued the first houses TH ever built for mortgage purposes and gave them the ok.🤣
 
For those still in any doubt what priority PNE is in the Hemmings empire "Racing is my hobby, it had to take second place (to business)".

Not intended as a pro/anti Hemmings comment, just an observation.
 
His horse is favourite to win the National - aptly named " Cloth Cap "
He's been very astute with Cloth Cap, it went a long time without a race and was around 80s for a while. When it came back to race, it looked magnificent and should win if it avoids accidents or incidents - which is easier said than done at Aintree.
 
Trevor tells lies and everything in that interview tells us why he won't invest unless desperate.... It's why we don't have a new training ground but he does have a building site and will rake it in.I can't even be arsed repeating all the rest we know about........

Enter the company rep: Just watch 🙂
He speaks about his businesses, about his horses, quite an in-depth interview by the looks of it.
So why is it so difficult to get him to talk in depth about the football club he owns?! 🤔
 
Trevor tells lies and everything in that interview tells us why he won't invest unless desperate.... It's why we don't have a new training ground but he does have a building site and will rake it in.I can't even be arsed repeating all the rest we know about........

Enter the company rep: Just watch 🙂
what's that at euxton then ? I'm confused now
 
Do you know how much effort was put in for a training ground on the golf course ?... And then being laughed at?
Don't quite get where you're coming from if i feel sorry for anyone now it would be those people living near the golf club that you're telling me is to get built on. As a PNE supporter we've got Euxton you said we didn't have a training ground , we got it because Wigan were skint , with Hemmings money again . Who's laughing at somebody ? Not Wigan
 
Clearly his attitude to signings players on inflated fees translates to his horse buying policy. Which is why the new manager will likely have lower league talent recruitment high on TH’s agenda
 
Clearly his attitude to signings players on inflated fees translates to his horse buying policy. Which is why the new manager will likely have lower league talent recruitment high on TH’s agenda
Can't escape notice though Notts forest a couple of places higher in the league - operating loss around £180 million . We only get about 11000 thru the gate on Saturday . Probly wouldn't change much in prem . These are facts .
 
He's been very astute with Cloth Cap, it went a long time without a race and was around 80s for a while. When it came back to race, it looked magnificent and should win if it avoids accidents or incidents - which is easier said than done at Aintree.
Agree entirely. If it stays upright I can see it doing a Lord Gyllene and winning by about 18 lengths. I was by the finishing line on the Monday when it hosed up and was sure it could have gone round again!!

I have a touch of 33's with Cloth Cap and also have it in a double with Speith at Augusta.
 
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