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TV Newsreader now lives on park bench

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  • 16-12-2007 4:48pm
    #1
    Latchy
    Closed Accounts Posts: 21,191 ✭✭✭✭


    From yesterdays Daily express

    NEWSREADER Ed Mitchell once earned £1000,000 a year but now he is sleeping on a park bench and living on hand-outs .Ed, 54, lives on a seafront bench ,just around the corner from his old luxury home .The former financial specialist who worked for ITN's News at Ten ,the BBC. sky,channel 4 and the US network CNBC , has even being turned down as a street cleaner .He has being declared bankrupt after being unable to to pay credit card debts of more than £ 250,000 .He said his problems began when he ran up debts of £50,000 and after his redundency in 2000 he tried to pay them off by taking out more loans .Although he was able to find some freelance work ,his earnings were soon Swallowed up by the enormous intrest payments he had to meet.'' It doesn' matter how much you pay them ,you never actualy catch up ,'' he said . The Durham university gaduate split from his wife to years ago and his spiralling debts forced him to sell his £500,00 home in Hove Brighten.His problems came to a head two weeks ago when he was declared bankrupt.

    '' My children love their father but maybe not in the persona of tramp .They are not in any position to help me really because they have their own lives to lead .I dont want to impose on them either .I think they treat it with a sense of humor even though their is a serious side to it, i could die of hypothermia .I've applied for al kinds of jobs .I've applied to sweep the streets but they turned me down .Were does a male tv presenter go ? '' The only fear i have now is that i will be beaten up on the bench but that hasn't happened yet.

    For anybody who thinks that will never happen to me it can, and does happen to almost anybody .

    Latch


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Comments

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    #2
    MagicMarker
    Banned (with Prison Access) Posts: 32,865 ✭✭✭✭MagicMarker


    It happens to idiots who can't manage their own finances.


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    #3
    mox54
    Registered Users Posts: 274 ✭✭mox54


    May have been a top class newsreader but is one hell of a lousy manager of personal finances, £250,000 debt on credit cards, how in all that's good and holy do you manage to rack up debts like that and not see trouble coming...feel sorry for the chap but.....:confused:


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    #4
    Rb
    Closed Accounts Posts: 14,277 ✭✭✭✭Rb


    Former financial specialist is right.


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    #5
    Latchy
    Closed Accounts Posts: 21,191 ✭✭✭✭Latchy


    mox54 wrote: »
    May have been a top class newsreader but is one hell of a lousy manager of personal finances, £250,000 debt on credit cards, how in all that's good and holy do you manage to rack up debts like that and not see trouble coming...feel sorry for the chap but.....:confused:
    Yeah , it does make you think ....


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    #6
    Dizzyblonde
    Moderators, Category Moderators, Politics Moderators, Recreation & Hobbies Moderators, Society & Culture Moderators, Regional East Moderators Posts: 12,108 CMod ✭✭✭✭Dizzyblonde


    That's very sad - I read that drink had a big part to play in it too. It just goes to show that it can happen to anyone.


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    #7
    GhostInTheRuins
    Registered Users Posts: 5,962 ✭✭✭GhostInTheRuins


    latchyco wrote: »
    The only fear i have now is that i will be beaten up on the bench but that hasn't happened yet.

    That made me laugh :)


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    #8
    Alter-Ego
    Registered Users Posts: 2,324 ✭✭✭Alter-Ego


    Anybody think of Ron Burgundy when reading that?

    I can imagine him roaming the streets; "Milk was a bad choice" :D


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    #9
    drdre
    Closed Accounts Posts: 8,245 ✭✭✭drdre


    Dizzyblonde wrote: »
    That's very sad - I read that drink had a big part to play in it too. It just goes to show that it can happen to anyone.
    Yes agreed, it can happen to anyone, so we shouldnt really make fun of him.Who here earns over 1 million a year, Well he did and not us


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    #10
    Latchy
    Closed Accounts Posts: 21,191 ✭✭✭✭Latchy


    Alter-Ego wrote: »
    Anybody think of Ron Burgundy when reading that?

    I can imagine him roaming the streets; "Milk was a bad choice" :D
    Dan Akroyd in Trading Places sprang to mind when i first read it :D


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    #11
    AARRRGH
    Closed Accounts Posts: 12,382 ✭✭✭✭AARRRGH


    Whoever wrote that article has a very poor grasp of the rules of the English language.

    £1000,000 ?

    £500,00 ?

    "loans .Although he was able to find some freelance work ,his" ?

    intrest ?

    gaduate ?

    WTF


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    #12
    ejmaztec
    Registered Users Posts: 23,982 ✭✭✭✭ejmaztec


    No wonder the teachers don't want bench-marking!


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    #13
    mikemac
    Closed Accounts Posts: 19,986 ✭✭✭✭mikemac


    ejmaztec wrote: »
    No wonder the teachers don't want bench-marking!

    Public sector pay is bench-marked.
    I think you mean performance related pay


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    #14
    bangersandmash
    Closed Accounts Posts: 686 ✭✭✭bangersandmash


    dublindude wrote: »
    Whoever wrote that article has a very poor grasp of the rules of the English language.

    £1000,000 ?

    £500,00 ?

    "loans .Although he was able to find some freelance work ,his" ?

    intrest ?

    gaduate ?

    WTF

    Perhaps Mr. Micro wrote it . :D


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    #15
    Proxy
    Registered Users Posts: 847 ✭✭✭Proxy


    Jesus. Amazing how the mighty do fall. I've been in debt before but only college debts which were quite large all the same. Managed to clear it out, over time, its when you lose yourself in the big picture of it without thinking of the (realistic) small processes of it - such as interest and automatic repayments versus income - that you become screwed.

    Working part time in a retail chain now while finishing postgrad, the amount you see people spending especially at this time of the year, its unbelievable. Its not right, it puts a family in debt for the sake of showing off. I bought my dad a book that he'll really like, my mother the DVD she really wants and my brother a CD collection that he'll love - simple, no 42" TVs or anythin like you see some people buying.


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    #16
    AARRRGH
    Closed Accounts Posts: 12,382 ✭✭✭✭AARRRGH


    Proxy wrote: »
    the amount you see people spending especially at this time of the year, its unbelievable.

    I think it's getting worse every year. The idea of living off credit cards is practically normal now.

    It's ****ed really...


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    #17
    ejmaztec
    Registered Users Posts: 23,982 ✭✭✭✭ejmaztec


    micmclo wrote: »
    Public sector pay is bench-marked.
    I think you mean performance related pay

    Poetic licence:D


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    #18
    Sir Digby Chicken Caesar
    Banned (with Prison Access) Posts: 23,556 ✭✭✭✭Sir Digby Chicken Caesar


    why trhe hell can't he sleep on his kids couch?

    those ungrateful little ****s tbh


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    #19
    Latchy
    Closed Accounts Posts: 21,191 ✭✭✭✭Latchy


    dublindude wrote: »
    Whoever wrote that article has a very poor grasp of the rules of the English language.

    £1000,000 ?

    £500,00 ?

    "loans .Although he was able to find some freelance work ,his" ?

    intrest ?

    gaduate ?

    WTF
    Typing errors due to crappy keyboard ,but your right ,one should be corrected on ones grammer however it didn't stop most if not all the posters understanding the thread topic in question and i have noticed how some people (loike yerself ) are really hung up on spelling mistakes .I'm sure you have made more than a few ....er yerself .....yawn :rolleyes:
    Mordeth wrote: »
    why trhe hell can't he sleep on his kids couch?

    those ungrateful little ****s tbh
    Yeah, loike talk about being disowned.....


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    #20
    Earthhorse
    Registered Users Posts: 14,715 ✭✭✭✭Earthhorse


    Mordeth wrote: »
    why trhe hell can't he sleep on his kids couch?

    those ungrateful little ****s tbh

    There's an article in The Sunday Times today about him too. Basically he says he didn't want to burden his mother or kids with having to support him.

    Apparently there are some deals in the pipeline so he could pull out of this yet but as someone else said this seems to have been drink related so he could easily blow it all again.


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    #21
    Sir Digby Chicken Caesar
    Banned (with Prison Access) Posts: 23,556 ✭✭✭✭Sir Digby Chicken Caesar


    I'm Henry Sellers


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    #22
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    I made the BBC


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    #23
    Latchy
    Closed Accounts Posts: 21,191 ✭✭✭✭Latchy


    Mordeth wrote: »
    I'm Henry Sellers
    Was that yer man on fr ted who every time he had drink forced on him turned nasty as in '' ya shower of bastards , ya shower of bolloxs ....tis that him ? :)


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    #24
    Mr. Presentable
    Closed Accounts Posts: 9,496 ✭✭✭Mr. Presentable


    mox54 wrote: »
    May have been a top class newsreader but is one hell of a lousy manager of personal finances, £250,000 debt on credit cards, how in all that's good and holy do you manage to rack up debts like that...

    Get a wife?

    He's broke, but I'll bet she's not!


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    #25
    Terry
    Registered Users Posts: 26,061 ✭✭✭✭Terry


    latchyco wrote: »
    Typing errors due to crappy keyboard ,but your right ,one should be corrected on ones grammer however it didn't stop most if not all the posters understanding the thread topic in question and i have noticed how some people (loike yerself ) are really hung up on spelling mistakes .I'm sure you have made more than a few ....er yerself .....yawn :rolleyes:
    Why didn't you just copy and paste it?


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    #26
    Latchy
    Closed Accounts Posts: 21,191 ✭✭✭✭Latchy


    Terry wrote: »
    Why didn't you just copy and paste it?
    Good question Terry ,i couldent find it on the online daily express but yeah would have being easier .Was typing quickly to :)


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    #27
    Terry
    Registered Users Posts: 26,061 ✭✭✭✭Terry


    latchyco wrote: »
    Good question Terry ,i couldent find it on the online daily express but yeah would have being easier .Was typing quickly to :)
    Ahh. I just thought you copied it from the website.


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    #28
    marcsignal
    Registered Users Posts: 4,072 ✭✭✭marcsignal


    http://img134.imageshack.us/img134/7783/briandobsonfu9.jpg

    brianandsharon1nv7.jpg


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    #29
    Terry
    Registered Users Posts: 26,061 ✭✭✭✭Terry


    marcsignal wrote: »
    http://img134.imageshack.us/img134/7783/briandobsonfu9.jpg

    brianandsharon1nv7.jpg
    Homeless me bollix.
    Those clothes are better than mine.


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    #30
    marcsignal
    Registered Users Posts: 4,072 ✭✭✭marcsignal


    http://img221.imageshack.us/img221/8122/dobsonyg9.jpg

    he can still work too :D


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    #31
    kelle
    Closed Accounts Posts: 3,243 ✭✭✭kelle


    I only vaguely remember him, after seeing those images. That's upsetting to read. With the good job he had, he should have been set up for later in life with a generous pension as a reward for his dedication and hard work. But it's amazing how it can all go wrong through carelessness.
    If he had never worked a day in his life, he would have been provided with a council house so he wouldn't now be homeless at such a vulnerable time in his life.


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