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Article Directory :: Sports & Recreation Articles
With the recent World economic downturn which has had an impact on the housing market it has come to light that Roger Federer has been inspecting his property portfolio
The business empire that has been built up over the past 6 or 7 years with many properties dotted around the globe is now under scrutiny.
Looking back, it quickly becomes obvious that the fortunes of this company was built around the now substantial Hotel he bought from the Swedish Borg organization in Wimbledon, the apartment block in New York, the lovely house in Melbourne and the apartment in Paris
Apparently the apartment he has in Paris is up for sale as it doesn't look as though he will be spending a lot of time there in the future and the shadow cast over it by the ever expanding Spanish hotel that stands opposite is keeping the light out. In fact on Sunday after the French Open the apartment had no electricity and in fact needed candles in most rooms to see what was happening.
There is now speculation about the large hotel he has at Wimbledon as there are apparently buyouts on the close horizon from a Serbian company as well as a very serious bid from the Spanish company who own the big Hotel in Paris.
The nice house in Melbourne and the Apartment block in New York are ok for the moment but could well be affected by recent events in Paris and upcoming events in Wimbledon.
All in all it's a worrying time for the Federer group as the boom times of the past few years have slowed down and it's only the casino win in Estoril that is of note this calendar year and if things don't change it is conceivable that they will not be the number 1 real estate company by the end of the year as they have been for the last 4 years.
Also there is now real doubt over whether they can overturn the record figures posted by the American company Sampras a few years back, when it seemed a formality this time last year.
But a year is a long time in this business and a slide in fortune by one company that coincides with the upturn in fortune by one or two others quickly closes any gaps that existed and shifts the momentum and tide in a completely different direction.
Unfortunately for Federer, the tide that carried them to record after record in recent years seems to have shifted, bringing others players into the game whilst slowing them down at the same time.
One could say they were now beginning to swim against this tide!
I hope they just don't swallow too much water along the way and can find a nice island to relax on before they go under!
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