Jp macmanus

[pokodot]

Does he ever have a winner with all the horses he has out running and wife breeding..

 

[Generous1991]

Hi there pokodot,
Any chance of amending the title to JP McManus?
Otherwise it's going to keep triggering my spelling OCD

 

[Len Madeiros]

80 winners at Cheltenham, including the 2025 Gold Cup winner. On top of: 6 CH winners; another GC winner; and 3 GN winners.

Where do you want me to stop? Bloke is a total legend, and great for the sport. What’s the beef?

 

[The Fortune Teller]

Does he ever have a winner

Err, answer, yes.

He's also apparantly quite close the bloke who runs Coolmore stud in Ireland. They can get a few winners.

If you don't like the horses don't back them.

 

[Slim]

JP McManus and the Glackin Report

For anyone who has not gone near this before, the Glackin Report examined the sale of the Johnston Mooney & O’Brien Ballsbridge site to Telecom Éireann in the late eighties and early nineties.

What it found about McManus was not complicated.

He provided a £1.5m loan through a Jersey account in the name “J & N McMahon” to Chestvale Properties, the company used to buy the site.

When Telecom Éireann bought the site for roughly £9.4m, he was one of the people who shared in the profit.

The report stated he received £500,000 in cash as his portion. It put it plainly:

“I can find no evidence that any other person received the cash of £500,000 and find accordingly that it was received by Mr McManus.”

That sentence matters. He denied benefiting. The State investigator said he did.

Despite how politically charged the affair became, no criminal charges were brought against him or anyone involved.

Readers can make their own judgement, but that is what the report actually recorded and what it says about The Great Man’s relationship with the truth.

 

[barjon]

“I can find no evidence that any other person received the cash of £500,000 and find accordingly that it was received by Mr McManus.”

On the face of it that seems rather a strange judgement. You might equally say “I can find no evidence that it was received by JPM and find accordingly that it was received by some other person.”

 

[The Fortune Teller]

It's old news and certainly very little to do with whether he can get a winner.

This stuff goes on everyday, all day, all over the world anyway, it's pretty run of the mill stuff to people involved in high finance.

 

[Slim]

The wording only looks strange if you ignore the context. McManus denied receiving the cash. Glackin examined the trail and wrote that he did.

That is the State contradicting him.
You can minimise it as “run of the mill high finance” if you like, but you cannot pretend the report did not reject his account.

And it matters because racing leans heavily on the myth of The Great Man.
When the only time the State scrutinised him it concluded he was not telling the truth, it tells you something about the type of operator you are dealing with.

 

[archie]

I read the original question as to whether he breeds any winners or just buys them. I have no idea if there are tax breaks for unsuccessful studs.

As a punter, it has always amused me that some coups are condemned and some are lauded. Presumably, this is on the back of whether Joe Bloggs got his money down at a good price but it has always seemed to me that, in betting, there are always winners and losers and a blind eye is more likely to be shown to some than to others.

As an owner, I definitely resent the (legal) manipulation of multiple entries that deny other connections a run.

 

[Slim]

The Great Man is one of the biggest cheats that racing has ever lauded. His operation is essentially organised crime.

 

[Ian_Davies]

As I've said (bored everyone with) many times, I like racing and betting for the racing and betting, NOT for the people in racing and betting and this is a case in point.

I'm just not interested in the bloke - I don't care how much money he's got (the wealth of others is a sad obsession for many) or how he got it.

Never met him, never want to, and imagine him to be like Dermot Desmond (who I have met and didn't like one bit) as these self-made wealthy financiers tend to be of a type.

Tbf to him, way back in the day, as a much younger man, my Dad and I watched him interviewed by Julian Wilson after McManus's (sic) Millers Hill landed a gamble at the Cheltenham Festival.

"I hear you've hit the bookies hard," Wilson fawned over him.

"They know about it," was McManus's nicely-understated reply.

My Dad thought that was a cool line and teenage me agreed.

But that's as good as it ever got.

He has more horses than he could probably name and keeps a lot of people in racing in a job - but none of those people is me, nor would I ever allow that to be the case, so I really couldn't give a f***k what the bloke says or does ever tbh.

 

[Len Madeiros]

I took the question at face value, so answered it appropriately, I think. I’ve been “educated” this evening, however.

 

[Desert Orchid]

The Great Man is one of the biggest cheats that racing has ever lauded. His operation is essentially organised crime.

One of my old man's mantras was, "No one ever got rich by being honest."

I'd like to think he was wrong (lottery winners obviously) but can't help thinking he was right.

 

[LUKE]

As I've said (bored everyone) with many times, I like racing and betting for the racing and betting, NOT for the people in racing and betting and this is a case in point.

I'm just not interested in the bloke - I don't care how much money he's got (the wealth of others is a sad obsession for many) or how he got it.

Never met him, never want to, and imagine him to be like Dermot Desmond (who I have met and didn't like one bit) as these self-made wealthy financiers tend to be of a type.

Tbf to him, way back in the day, as a much younger man, my Dad and I watched him interviewed by Julian Wilson after McManus's (sic) Millers Hill landed a gamble at the Cheltenham Festival.

"I hear you've hit the bookies hard," Wilson fawned over him.

"They know about it," was McManus's nicely-understated reply.

My Dad thought that was a cool reply and teenage me agreed.

But that's as good as it ever got.

He has more horses than he could probably name and keeps a lot of people in racing in a job - but none of those people is me, nor would I ever allow that to be the case, so I really couldn't give a f***k what the bloke says or does ever tbh.

I I'm sure I've seen that interview on YouTube recently.

 

[LUKE]

JP McManus and the Glackin Report

For anyone who has not gone near this before, the Glackin Report examined the sale of the Johnston Mooney & O’Brien Ballsbridge site to Telecom Éireann in the late eighties and early nineties.

What it found about McManus was not complicated.

He provided a £1.5m loan through a Jersey account in the name “J & N McMahon” to Chestvale Properties, the company used to buy the site.

When Telecom Éireann bought the site for roughly £9.4m, he was one of the people who shared in the profit.

The report stated he received £500,000 in cash as his portion. It put it plainly:

“I can find no evidence that any other person received the cash of £500,000 and find accordingly that it was received by Mr McManus.”

That sentence matters. He denied benefiting. The State investigator said he did.

Despite how politically charged the affair became, no criminal charges were brought against him or anyone involved.

Readers can make their own judgement, but that is what the report actually recorded and what it says about The Great Man’s relationship with the truth.

Would that even figure in the key events that made him a billionaire.

 

[Slim]

Would that even figure in the key events that made him a billionaire.

It's the only one that won't get you ligitigated.

 

[LUKE]

One of my old man's mantras was, "No one ever got rich by being honest."

I'd like to think he was wrong (lottery winners obviously) but can't help thinking he was right.

One of my old man's mantras was, "No one ever got rich by being honest."

I'd like to think he was wrong (lottery winners obviously) but can't help thinking he was right.

That's chip on the shoulder stuff -my 84 year Old father would have the same opinion.The Irish Central Bank calculates that over 20 per cent of Irish households have a net worth of over €1 million.
Lots of builders and tradesmen have made a million plus over the last decade or so.

 

[LUKE]

It's the only one that won't get you ligitigated.

True.

 

[Desert Orchid]

That's chip on the shoulder stuff -my 84 year Old father would have the same opinion.The Irish Central Bank calculates that over 20 per cent of Irish households have a net worth of over €1 million.
Lots of builders and tradesmen have made a million plus over the last decade or so.

Irish builders and tradesmen must be a lot more honest than the ones I've experienced over here.

Another of his mantras was, "When one door closes another door opens." He was a great guy. But a lousy carpenter...

 

[LUKE]

Irish builders and tradesmen must be a lot more honest than the ones I've experienced over here.

Another of his mantras was, "When one door closes another door opens." He was a great guy. But a lousy carpenter...

No more no less honest or devious.Icould tell you about one guy locally who left school at 16 and is worth about €50million.

 

[Slim]

That's chip on the shoulder stuff -my 84 year Old father would have the same opinion.The Irish Central Bank calculates that over 20 per cent of Irish households have a net worth of over €1 million.
Lots of builders and tradesmen have made a million plus over the last decade or so.

And think they were geniuses and not the benefactors of good timing.

 

[LUKE]

And think they were geniuses and not the benefactors of good timing.

Absolutely -they all think they invented the wheel.

 

[Desert Orchid]

I 'built' my previous house, a huge house for a guy from a one-earner, large family originating in the village slums.

When I say I 'built' it, I mean I sourced the plot, drew the plans, organised the financing of it, liaised with an architect, negotiated with a selection of builders to get the right balance of spec and cost and was on site as often as possible to make sure it all went well.

The builder we eventually went with was superb to work with and, I believe, very honest and I'm not sure he made an awful lot of money on the project.

Over time, when we wanted work done, painting, decorating, new bathrooms, etc, I can't think of a single tradesman I didn't think was a total cowboy bar one painter who seemed only to want enough for him and his family get by modestly on, and one plumber who asked for a tenner after spending three hours fixing a leak in my toilet. When I objected and told him he was doing himself he replied, "No, I could have done this in half an hour but I enjoyed the chat with you and it kept me away from the wife for the evening!"

And all the other guys wanted big money for routine jobs, three and four times per hour what I was earning as a senior lecturer. To be entirely honest, it made me very resentful and mistrusting and to this day I only know one tradesman, a sparks, who hasn't struck me as ripping me off.

And things have got so much worse since Brexit. They all seem to use it as an excuse for high prices.

In our current house we needed the bottom of the doors shaved after we got the carpets fitted. There were nine doors and I reckoned half an hour per door but was willing to pay the joiner what I reckoned was an honest day's pay: £250. The guy priced job 'per door', which was working out 'way more than that.

And that seems to be what they do; break the job up into piece meal items and charge per item, same way garages end up charging fortunes for routine maintenance servicing.

Can you imagine a nurse charging an employer £10 for administering a medication, £20 for changing bedlinen, £30 for a bed-bath, etc?

But the world seems to have accepted these practices and that's why some of these tradesmen are driving about in megatrucks and living in £600k+ homes when they're effectively only working four half-days a week. At times I think 'good luck to them' but it means it takes me ages to find a tradesman who will do a good job for a price that doesn't feel exorbitant.

My brothers and I have often said our mother was right. We shouldn't have gone to university, We should each have taken up a different trade. We'd have been millionaires by now. The five of us could have formed a housebuilding company if we were a brickie, joiner/carpenter, plumber, electrician and decorator.

 

[Slim]

I 'built' my previous house, a huge house for a guy from a one-earner, large family originating in the village slums.

When I say I 'built' it, I mean I sourced the plot, drew the plans, organised the financing of it, liaised with an architect, negotiated with a selection of builders to get the right balance of spec and cost and was on site as often as possible to make sure it all went well.

The builder we eventually went with was superb to work with and, I believe, very honest and I'm not sure he made an awful lot of money on the project.

Over time, when we wanted work done, painting, decorating, new bathrooms, etc, I can't think of a single tradesman I didn't think was a total cowboy bar one painter who seemed only to want enough for him and his family get by modestly on, and one plumber who asked for a tenner after spending three hours fixing a leak in my toilet. When I objected and told him he was doing himself he replied, "No, I could have done this in half an hour but I enjoyed the chat with you and it kept me away from the wife for the evening!"

And all the other guys wanted big money for routine jobs, three and four times per hour what I was earning as a senior lecturer. To be entirely honest, it made me very resentful and mistrusting and to this day I only know one tradesman, a sparks, who hasn't struck me as ripping me off.

And things have got so much worse since Brexit. They all seem to use it as an excuse for high prices.

In our current house we needed the bottom of the doors shaved after we got the carpets fitted. There were nine doors and I reckoned half an hour per door but was willing to pay the joiner what I reckoned was an honest day's pay: £250. The guy priced job 'per door', which was working out 'way more than that.

And that seems to be what they do; break the job up into piece meal items and charge per item, same way garages end up charging fortunes for routine maintenance servicing.

Can you imagine a nurse charging an employer £10 for administering a medication, £20 for changing bedlinen, £30 for a bed-bath, etc?

But the world seems to have accepted these practices and that's why some of these tradesmen are driving about in megatrucks and living in £600k+ homes when they're effectively only working four half-days a week. At times I think 'good luck to them' but it means it takes me ages to find a tradesman who will do a good job for a price that doesn't feel exorbitant.

My brothers and I have often said our mother was right. We shouldn't have gone to university, We should each have taken up a different trade. We'd have been millionaires by now. The five of us could have formed a housebuilding company if we were a brickie, joiner/carpenter, plumber, electrician and decorator.

On your last paragraph, does money matter? Would it have made you and happier?