You are not connected. Please login or register

Bolton Nuts » BWFC » Bolton Wanderers Banter » Eddie Davies - Obituary

Eddie Davies - Obituary

Go down  Message [Page 1 of 1]

1 Eddie Davies - Obituary on Fri Sep 21, 2018 10:57 pm

Sluffy

avatar
Admin
Excellent article here - well worth a read (a big thank you to Frensic Fred for brining it to our attention).

By Ian King, Sky's Business Presenter.

Read the latest speeches from the likes of the Archbishop of Canterbury and John McDonnell and one could be forgiven for assuming most business leaders are rapacious, callous souls with no thoughts other than to enrich themselves and - possibly - their shareholders.
There probably are some business folk out there like that, but they are decidedly in the minority. Most are just as thoughtful, caring and considerate as every other human being.
And, every so often, there comes along an exceptional business person who does fantastic things for wider society without making a big song and dance about it. Tragically, we have just lost one such individual.

Eddie Davies, who died last week aged 72, is perhaps best known for his bankrolling of Bolton Wanderers.
During that time, the club enjoyed more than a decade in the Premier League, four successive top-eight finishes and its first campaigns in Europe.
It was the millions he invested that bankrolled Sam Allardyce's successful management of the Trotters and enabled the signing of globally-recognised stars such as Jay Jay Okocha, Nicolas Anelka, Youri Djorkaeff, Bruno Ngotty, Ivan Campo and Fernando Hierro.
When he handed over control of the club in March 2016, following the most successful period in its history, he wrote off £171m in loans he had made to it and left it with an extra £15m as a farewell gift.
His passing has prompted an outpouring of love and affection, both from within football and across the North West.
The actor and comedian Paddy McGuinness summed up the feelings of many when he praised Ed for investing millions of pounds of his money "putting a smile on the faces" of Bolton supporters.

His backing of Wanderers reflected his pride in where he came from.
Born into a working class family in Little Lever, a village two-and-a-half-miles away from Bolton, he was educated at nearby Farnworth Grammar School. Alan Ball, one of England's 1966 World Cup-winning team, was a contemporary.
Ed became a Bolton supporter as a boy when, in 1958, the Trotters - led by Nat Lofthouse - won the FA Cup.
But his hometown club, which paid tribute with a minute's applause and wreath-laying ceremony before last Saturday's home match with Queen's Park Rangers, was merely one of a number of local institutions and organisations that Ed backed generously.
He was, for example, to have been the guest of honour at the opening of the Egyptology Gallery at Bolton Museum on Saturday, having helped finance it.
As a child, he had developed a passion for art and culture at the museum, eventually inspiring him to become a collector of paintings and ceramics.

Another local institution he supported was the Royal Bolton Hospital. It received £200,000 from him towards a new coronary care unit after Ed underwent a heart bypass operation in 1996.

He also donated towards the original National Football Museum just up the road in Preston.
Ed, who never lost his warm Lancashire accent, once said: "I have got Bolton written through me like [a stick of] rock. I have been born and bred in Bolton and, although I travel all over the world, I still pick up the paper to find out what's happening in Bolton. I'm still a Bolton lad at heart."
Other institutions Ed supported included Alliance Manchester Business School (AMBS), where he studied during the 1980s, for which he funded a Chair in Entrepreneurship.
The AMBS library was renamed the Eddie Davies Library in 2004 in recognition of his generous support of library services at the university (full disclosure: Ed was also chair of the AMBS Advisory Board, to which he recently recruited me).
Further afield, he was a generous supporter of the Victoria & Albert Museum, to which he donated many of the pieces of art he had collected, and the museum named its Edwin and Susan Davies Galleries in honour of him and his wife Sue.
His donations of more than £1m also helped construct the much-admired Davies Alpine House at the Royal Botanic Gardens in Kew.

Ed was able to make these generous contributions because of the wealth he accumulated during a successful business career.
After graduating with a degree in mathematics from Durham University, he joined the Lancashire-based Scapa Group, then an industrial manufacturer of paper, travelling around the world in its employ and at one stage running its Latin American operations from Brazil during a difficult period of runaway inflation.
In 1984 and still in his 30s, he was headhunted to run Strix Group - a two-year-old manufacturer of thermostats for electric kettles based on the Isle of Man - by its founder and inventor John Taylor.
Within a few years, it was the world's biggest supplier of heating controls for kettles, and by the turn of the century it accounted for around three-quarters of global supplies.
Its devices were by then found in kettles in around one in five homes around the world and used an estimated one billion times daily.
The pair sold the business to private equity in 2005 but Ed stayed on as non-executive and continued to hold a modest stake in the business.
He remained proud of Strix, which floated on the stock market in August last year, arguing its prospects remained as strong as ever.
Business people and entrepreneurs do not always get credit for their wider contribution to society. Some, like Ed, do not actively seek it.
Yet the world would be worse off without such people. It is certainly worse off without Eddie Davies. We could do with a few more like him.

[You must be registered and logged in to see this link.]

2 Re: Eddie Davies - Obituary on Sat Sep 22, 2018 9:05 am

Growler


Tony Kelly
Tony Kelly
Eddie Davies wouldn't pay Bolton Wanderers' tax bill when he was the owner, that's what i'll remember him for.

3 Re: Eddie Davies - Obituary on Sat Sep 22, 2018 10:00 am

T.R.O.Y


Andy Walker
Andy Walker
Bit unfair, didn’t he wipe off £200 million in debts in the sale but said any new owner had to pick up the tax bill?

4 Re: Eddie Davies - Obituary on Sat Sep 22, 2018 10:28 am

karlypants

avatar
Nat Lofthouse
Nat Lofthouse
We had the best times under ED. People like growler seem to forget that!

5 Re: Eddie Davies - Obituary on Sat Sep 22, 2018 10:34 am

Boggersbelief

avatar
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:We had the best times under ED. People like growler seem to forget that!

Had the best times, splashing money we didn’t have.

Caught up with us eventually and has put us in this dramatic decline ever since. We still haven’t recovered

6 Re: Eddie Davies - Obituary on Sat Sep 22, 2018 1:50 pm

luckyPeterpiper

avatar
Frank Worthington
Frank Worthington
That's true boggers but it was a hell of a ride while it lasted. I for one will never forget the sight of World class and World Cup winning players in our shirt making the likes of Man Utd and Arsenal look ordinary. We might not see those days again in my lifetime and perhaps we shouldn't have spent that sort of money back then but if nothing else those of us lucky enough to have been there will always remember when BWFC were a major force to be reckoned with and no one looked forward to playing us.

7 Re: Eddie Davies - Obituary on Sat Sep 22, 2018 2:49 pm

Growler


Tony Kelly
Tony Kelly
[You must be registered and logged in to see this link.] wrote:We had the best times under ED. People like growler seem to forget that!
The glorious era was under Sam Allardyce, it turned to shit when Sam Allardyce left.

8 Re: Eddie Davies - Obituary on Sat Sep 22, 2018 3:16 pm

karlypants

avatar
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:We had the best times under ED. People like growler seem to forget that!
The glorious era was under Sam Allardyce, it turned to shit when Sam Allardyce left.

And who funded it?

9 Re: Eddie Davies - Obituary on Sat Sep 22, 2018 3:28 pm

luckyPeterpiper

avatar
Frank Worthington
Frank Worthington
Actually I'd say the real glory years started under Bruce Rioch and Sam was the culmination of that process. In truth it was great to be a Bolton fan pretty much all the way from 1992/93 to when Sam left. However I doubt those awesome Premiership years would have happened without Eddie.

10 Re: Eddie Davies - Obituary on Sat Sep 22, 2018 3:50 pm

Growler


Tony Kelly
Tony Kelly
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:We had the best times under ED. People like growler seem to forget that!
The glorious era was under Sam Allardyce, it turned to shit when Sam Allardyce left.

And who funded it?
Sky Tv and normal revenue from things like ticket sales and sponsorship provided the money during the Sam Allardyce era.

11 Re: Eddie Davies - Obituary on Sat Sep 22, 2018 3:56 pm

Sluffy

avatar
Admin
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:We had the best times under ED. People like growler seem to forget that!
The glorious era was under Sam Allardyce, it turned to shit when Sam Allardyce left.

And who funded it?
Sky Tv and normal revenue from things like ticket sales and sponsorship provided the money during the Sam Allardyce era.

That was enough to buy us Anelka then?

:bomb:


12 Re: Eddie Davies - Obituary on Sat Sep 22, 2018 5:12 pm

Growler


Tony Kelly
Tony Kelly
Anelka.That would be the deal Eddie paid himself £1.5 million out  of the club accounts as a transfer success fee .Odd behavior for a man who gave the club £170 million according to some.Did Jack Walker take a cut of the fee when he sold Shearer?
Bolton budgeted to finish 4th bottom according to Gartside in the first few seasons.It was worth £400k or so a league position in those days so Allardyce's 8th,6th, 7th league positions the 3 seasons before Anelka signed would have funded that deal

13 Re: Eddie Davies - Obituary on Sat Sep 22, 2018 9:39 pm

BoltonTillIDie

avatar
Nat Lofthouse
Nat Lofthouse
Nice little tribute here:

[You must be registered and logged in to see this link.]

14 Re: Eddie Davies - Obituary on Sat Sep 22, 2018 9:59 pm

karlypants

avatar
Nat Lofthouse
Nat Lofthouse
[You must be registered and logged in to see this link.] wrote:Nice little tribute here:

[You must be registered and logged in to see this link.]

Nice to see him get a mention on TV.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum