Also known as winning

He made millions bringing authentic pizzas to Britain, but by the time of his death, businessman Peter Boizot had lost all of his money.

The Pizza Express founder, who died last December aged 89, left assets of £99,050, but the size of his net estate was reduced to nil after his liabilities were settled, probate records show.

Despite making a reported £33 million when he sold the hugely successful restaurant chain in 1993

18 comments on “Also known as winning

  1. Ah I see, it’s the old how do you make a small fortune from owning a football club? Start with a large one.

  2. Spend all his own money in his own lifetime? That’s the ideal to aim for, you can’t take it with you, the fiddly bit is working out when you’ll die. Possibly more acheivable than the aim to die with huge piles of unrecoverable debts, sending all your enemies bankrupt. 😉

  3. “Mr Boizot blew the bulk of his money taking over and investing in his struggling local football club, Peterborough United, and buying a theatre, art galleries and a hotel. He did what he wanted in the way he wanted to do it.”

    Would that this is my epitaph.

  4. Excellent line in a Goon Show episode The Histories of Pliny the Elder. A poet is proclaiming the brilliance of Caesar:

    Minstrel:
    [Sings] Oh, Caesar is a noble man, a king of great renown. A gentleman every inch of him, from his feet to his head… [singing off to the distance]

    Caesar:
    This man is a bit of a crawler… Why does he follow such a profession, Moriaritus?

    Moriaritus:
    For money, Caesar. He tells me he wants to die rich.

    Caesar:
    And so he shall. Give him this sack of gold and then strangle him.

  5. ‘AUTHENTIC pizzas’

    Whatever TF that is. Varies country to country. From town to town. House to house. One end of the table to the other.

  6. AUTHENTIC Pizza. 50P worth of Chorizo, processed cheese and tomato paste which people will buy for £15.

  7. Sorry but pizza express and authentic within a million miles of each other?

    And irrespective of what you mean by authentic.

  8. I have only ever dined once at Pizza Express and then only because my wife had been given some vouchers. The quality of the food was excellent but the portions were so small that I had to start cooking as soon as I got home because I was bloody starving.

  9. Pizza? Fancy cheese on toast. I irritate the children by calling it Italian Rabbit (like Welsh Rabbit but with extra Mediterranean bits).

  10. @ dearieme and the hotel….I once met a lawyer doing probate who complained his ‘client’ had a country house hotel that never made much money. He didn’t run it, just lived there in the ‘owners suite’. I suggested that living on the premises meant you have all the facilities of a modern Downton Abbey – cooks, maids, gardeners, drivers but likely now also a spa, pool tennis court etc all thrown in for free. Pretty ideal I would say. Get a town house hotel equivalent and you can live the life of a billionaire (or British Prime Minister) for free.
    As to Pizza Express itself, it is a poster child for multiple ‘private equity’ pass the parcel trying to squeeze out more ‘value’ for the leverage junkies. Latest iteration it is owned by the Chinese.

  11. The ultimate Daily Mail nightmare for his heirs – the old man dying and leaving nothing. Where’s the unearned windfall for “the hardworking middle-class family”?

    Catastrophe.

  12. In the days when most large towns and cities had only a Pizza Hut, if that, Pizza Express was exotically “authentic”. For anyone under about 40 it’s impossible to imagine what a wasteland most places were when it came to relatively inexpensive hot eats.

  13. “it’s impossible to imagine what a wasteland most places were when it came to relatively inexpensive hot eats.”

    But everywhere had Chinese and Indian restaurants forty years ago. I don’t know about England but practically everywhere in Scotland had an Italian restaurant of some sort. Hell, in Scotland and Oop North you could even get fish and chips that were worth eating. Plus, at least in Scotland, bloody puddy and chips, white pudden and chips, and – oh glorious tucker – mutton pie and chips. And in Oban you could get Scally Dhu and chips (spelling approximate).

    Forty years ago Edinburgh had places selling baked potatoes with a wonderful range of fillings. Did other cities have the same? A village I lived in in N Yorkshire had a butcher who sold hot pork pies on a Saturday morning. You should have seen the queue! And well merited – they were wonderful; I’ve never had their equal.

  14. A colleague in an office I used to work in who was from Glasgow mentioned that black pudding and chips was ordered as “darkie’s walloper and chips”.

  15. @ dearieme
    Sixty years ago my village (on the edge of a conurbation but it still had traces of village) had two butchers. My parents bought their Sunday joint from the best butchers but the other one’s pork pies, sold warm, were lovely. The town has Chinese and Indian restaurants now but it didn’t then: french cheese verged on connoisseurship. There was a great range of fish (so we ate fresh fish at least once, often twice a week) and the fish-and-chip-shop charged 1s 6d for fish and chips (I seem to remember 10d for fish and 4d for chips but I am not 100% sure about that).

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