 Poster: A snowHead
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The Giant Fiat Company is selling its Sestriere S.p.A subsidiary to two Turin businessmen for 25-30m Eur. The company manages and owns much of the Vialattea (Milky Way) lift System and owns land around and some large properties in the town of Sestriere...Between 1930 and 1934 Giovanni Agnelli, the founder of Fiat, built a Winter access road, Sestriere's first two lifts and the famous towers as hotels at their foot, turning Sestriere into Italy's first ski resort.
His grandson Gianni Agnelli, famously used it as a Winter playground and was said to be instrumental in winning the bid to bring the Winter Olympics to Turin. Sadly Gianni Agnelli died in 2003, before the Olympics took place but Fiat sponsored the the event to the tune of 59m Eur.
The Agnellis still own 30% of Fiat (Fabbrica Italiana Automobili Torino ), a company they started at the turn of the last century and employed over 200,000 people locally in the '60's. The family became regarded as Royalty to the area
The fates of Fiat and the region around Turin were entwined for a century but now with production moving east, Fiat as a company is focussing its interests and continues to seperate from the City which gave it its name. Turin is accordingly moving from an industrial base to one centred on tourism.
Recently the company has been divesting itself of much of its non-auto interests and Sestriere S.p.A is being sold as part of this process although it would have been hard to imagine it happening a few years ago.
this from the Times:
http://www.timesonline.co.uk/newspaper/0,,172-2214393,00.html
Sestriere + the Milky Way
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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Seems cheap. Could be a joint snowheads' purchase? 
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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I've got a fiver anyone else want to chip in 
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You need to Login to know who's really who.
You need to Login to know who's really who.
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Say 100 members chip in, that's £210K each, peanuts . Wonder what 1% of the net profit would be...
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Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
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That looks like a bargain. What's the Euro lotto jackpot this week?
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You'll need to Register first of course.
You'll need to Register first of course.
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| Quote: |
| Gianni Agnelli, the late Fiat patriarch, loved nothing better than to be taken by helicopter from his Turin villa straight to the slopes he owned. He would be dropped at the top of the mountain, already wearing his skis, so that he could ski straight down without the trouble of taking a lift. |
Mmmm.....perhaps incredible wealth could bring me greater happiness 
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We have so many snowHeads trips it seems a shame to keep flying out... lets just buy the resort and solve the problem forever 
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Well there are 4522 snowheads which brings the cost down to just under £4645 each - now that really is a bargain! 
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You'll get to see more forums and be part of the best ski club on the net.
You'll get to see more forums and be part of the best ski club on the net.
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I don't get how you can purchase a ski resort. Does all the land belong to one person and they lease it out to hotel companies? Do they own all the land that the pistes are and lifts are on too?
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| Quote: |
Does all the land belong to one person etc
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where we are in France, the lift company rents the right to place pylons etc. and to allow people to ski on the mountain from whoever owns the land. The mountains themselves have various owners (all private in our area) but I don't know if the local government can compel owners to rent the land out for the good of the local economy.
The formula for calculating the rent is due to change this year or next although I think the net effect is minimal.
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snowHeads are a friendly bunch.
snowHeads are a friendly bunch.
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And love to help out and answer questions and of course, read each other's snow reports.
And love to help out and answer questions and of course, read each other's snow reports.
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AN02ZEJ, The article mentions that they bought the alpine meadows, so by implication the land. It also mentions that the sale includes some hotels.
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Can you imagine the chaos if we ran a ski resort?
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You know it makes sense.
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Kramer, imagine the arguements, sorry, constructive debates over every little matter.
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Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
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Well it is too late to think about that...I've put in a call and subject to them agreeing to my price and legal documentation I've bought it.
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Poster: A snowHead
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Kramer, w'ed never get past the terms and conditions of any contract to buy it in the first place.
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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rungsp, That's odd. They've just agreed to sell it to me too. Do you think we've been conned?
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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What would the management hierarchy be like?
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You need to Login to know who's really who.
You need to Login to know who's really who.
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Management hierarchy will be a very simple one:
I say "jump!"
You say "how high?"
WiRED, ...don't get in my way or it will be the HorseHead that you will be waking up to!
Now stop wasting my time...their lawyers are due to call me at any moment with the confirmation of my purchase.
What is Italian for "GET ORRFF MY LAND!!!!"
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Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
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| rungsp wrote: |
| ...don't get in my way or it will be the HorseHead that you will be waking up to! |
That really is a cr@p pub. Ok, You can have Sestriere, but don't try and block my purchase of Courchevel 1850 again 
| rungsp wrote: |
| What is Italian for "GET ORRFF MY LAND!!!!" |
Mi casa, mi casa ?
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FAQ
