R>I>P Jonah Lomu

[Lux]

sad for his kids. As for the media mash up...like f**k off.

[cathy]

yes it is sad news.

sounds as though he was a pretty decent sort of guy.

[Collie]

Yeah.

[Mr Nice Guy]

Only just back in the country too, might've partied a bit too hard at the cup 

[Red]

Very sad. 

[Stu]

Very sad, he was a good :c**t:

[Brain]

Sad stuff,  wasn't he on the list for another kidney?

[Weevilgenius]

Yeah he was. Very sad...

[Collie]

But it was a heart attack that took him out

[Mr Nice Guy]

Yeah, brought about by complications from the kidney disease 

[Mr Nice Guy]

Jonah Lomu died broke - now there's a plea to help his sons.

It's a stark truth that has emerged in the wake of the global rugby superstar's death, aged 40, prompting the creation of a trust aimed to provide for his boys Dhyreille, 6, and Brayley, 5.

The Jonah Lomu Legacy Trust excludes the boys' mother, Nadene, Lomu's third wife, as a beneficiary or from having control of any of the funds. However, she will be able to apply to the trust for money to help raise their sons.

The trust has been set up by the NZ Rugby Players Association, and chief executive Rob Nichol says it is a response by business people and friends of Lomu who recognised the need to support the couple's children.

It is now seeking donations from those who want to help Lomu's boys. Mr Nichol said those who set up the trust did so after seeing summaries of Lomu's financial affairs.



"There's not going to be any great windfall. There's not great savings there. There's certainly nothing that's going to sustain any ongoing financial benefit for the family.

"What we've seen is a statement of where it's at. And it's not there, assets and liabilities-wise. Our assessment is the family aren't going to be able to rely on any financial proceeds or ongoing benefits."

Finances entangled with debt
Lomu came to worldwide prominence at the Rugby World Cup in South Africa in 1995, but was later diagnosed with nephrotic syndrome, which required a kidney transplant in 2004.

His body's rejection of the kidney in 2011 saw him seeking another transplant and again needing regular dialysis. He died last month after returning from a bout of heavy promotional work at the Rugby World Cup.

Herald inquiries show Lomu's finances entangled with debt. Public records also show his company, Stylez Ltd, has a 2012 Mercedes-Benz bought through UDC Finance bearing the registration plate "Nades1". Lomu also borrowed to buy his 2007 Mercedes V350 peoplemover, which carries the plate "J0nah".

His remaining assets were tied up in a series of apartments in Wellington owned through Stylez and mortgaged to Westpac. They were most recently valued at $740,000.

The family's home in the upmarket Auckland suburb of Epsom, where Lomu died of cardiac arrest, has a rateable value of $2.2 million but is a rental.

Broke 

[Stu]

Relatively broke I'd say, I'm certainly not broke yet doubt I could afford to live their lavish lifestyle

Nadene should just go on the DPB or get a job and support her own kids like the rest of us

[Weevilgenius]

I thought she already worked?

heard an interview this morning saying he'd taken on other people's responsibilities and neglected his own thinking he'd always be around...

He sounds naive and living day-to-day which is understandable given his health problems.

Sounded like the funds are being set aside specifically for the sons education and wotnot, not to help them live a lavish lifestyle... 

[Stu]

Education and "wotnot" is what normal people work for and pay for themselves, and my comments about lavish lifestyle was the way they were living while Jonah was alive, driving around in flash mercs, living in flash housing in Auckland and traveling around the world, yet apparently they were broke, only the very rich could afford that lifestyle

[Weevilgenius]

 

[Mr Nice Guy]

The havenots and the wotnots 

[Weevilgenius]

renting a flash house is pretty weird if you're that tight on money... can't help but think he was not very in control/aware of his own circumstances. It's weird he had mortgages on properties... I wonder if he's taken very poor advice or been talked into poor investments... 

[Weevilgenius]

Education and "wotnot" is what normal people work for and pay for themselves

Those kids will never be normal. They'll be trotted out in the women's mags at every opportunity 

Best to set up a fund to make the most of it 

[Mr Nice Guy]

Oh christ, they'll be like our version of the Steve Irwin kids 

[Stu]

Education and "wotnot" is what normal people work for and pay for themselves

Those kids will never be normal. They'll be trotted out in the women's mags at every opportunity 

Best to set up a fund to make the most of it 

Nothing wrong with that, my problem is expecting regular kiwis who may be no better off to fund it, if ex-All Blacks and media want to fund it themselves so be it

[Weevilgenius]

yep 

[Weevilgenius]

Nothing wrong with that, my problem is expecting regular kiwis who may be no better off to fund it, if ex-All Blacks and media want to fund it themselves so be it

I don't think they're expecting regular kiwis to do that    just the kind-hearted ones who want the precious darlings to live in a mansion with a swimming pool in Remuera or where ever and be able to take a twice-yearly holiday abroad 

[Weevilgenius]

Ebenezer Stuuge 

[Stu]

  

[Weevilgenius]

I haven't had a holiday since 1999 

[Stu]

start a fund then

[Weevilgenius]

I will start a " Referendum to declare war on New Hammy" fund. 

[Stu]

 

[Weevilgenius]

One day, the whole sorry lot of you Newhammians will be taken out 

[Stu]

Even though Colleen and Steve T  from that closed Facebook group we belong to are New Hamiltonians?

[Weevilgenius]

yes, all of you f**kers. 

[Lux]

Wonder if his first wife took him to the cleaners - she wore the pants and controlled the finances when they were together - he also became estranged from his family when he was with her - bet that was over money too. Cause he would have been expected to fund the whole family.

And I can't believe there isn't already a trust fund set up for those kids, just because he had little in his name doesn't mean he was broke.....

[cathy]

He may well have been taken to the cleaners by both his ex wives but then he married again and had children so he should have made sure they were provided for as he always knew his poor health could lead to premature death.
He had told someone he didn't think he'd make 50,yet he has apparently done nothing to provide for his kids.

[Weevilgenius]

He was looking rough for a long time, he may simply have been in denial and too sick/tired to put the time into it 

[Mr Nice Guy]

A company owned by Jonah Lomu bought an apartment from his father-in-law for $1,580,000 in 2008, almost $700,000 more than the former bankrupt paid for it 10 months earlier.

The deal with Mervyn Quirk was done in the early days of his relationship with Nadene Quirk, who became Lomu's third wife in 2011.

It has emerged amid questions over Lomu's wealth prompted by the establishment of the Jonah Lomu Legacy Trust, set up by the NZ Rugby Players Association to care for the rugby star's children.

 

[Lux]

http://www.stuff.co.nz/sport/rugby/75104161/Jonah-Lomu-died-with-little-money-independent-trust-set-up-for-sons-Dhyreille-and-Brayley

cagey write up...if he died broke, he got taken for a ride somewhere along the way.

[Weevilgenius]

good thing it will have independent trustees looking after the funds then... 

[Weevilgenius]

And this:

"The Jonah Lomu Legacy Trust excludes the boys' mother, Nadene, Lomu's third wife, as a beneficiary or from having control of any of the funds. She will, however, be able to apply to the trust for money to help raise their sons."

 

[Mr Nice Guy]

I bet Nadene starts sucking some trustee cock 

[Weevilgenius]

just because it's something you'd do  

[cathy]

A company owned by Jonah Lomu bought an apartment from his father-in-law for $1,580,000 in 2008, almost $700,000 more than the former bankrupt paid for it 10 months earlier.

The deal with Mervyn Quirk was done in the early days of his relationship with Nadene Quirk, who became Lomu's third wife in 2011.

It has emerged amid questions over Lomu's wealth prompted by the establishment of the Jonah Lomu Legacy Trust, set up by the NZ Rugby Players Association to care for the rugby star's children.

 

so the boy's grand dad should be in a position to take care of them financially.

[Mr Nice Guy]

No no no, nz should because they're islanders and we owe them 

[Lux]

Shouldnt even be in the media doesnt need to be publisized, a bunch of business people want to set up a fund for the kids, we dont need to know about it, we dont need to know his personal business either. f**ken sucks.

[Weevilgenius]

I agree they should have kept it quiet and just asked within rugby circles or something. 

[Mr Nice Guy]

Lomu, a devout Mormon, didn't drink or gamble. If he had a vice it was luxury vehicles. Two divorces would have been costly.

Oh well, I bet the Mormon church and his fellow brothers will step forward and give them some support in their time of need now too 

[Collie]

Lomu, a devout Mormon, didn't drink or gamble. If he had a vice it was luxury vehicles. Two divorces would have been costly.

Oh well, I bet the Mormon church and his fellow brothers will step forward and give them some support in their time of need now too 

for sure they will 10% for all those yrs