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Showing posts with the label Kelsey Grammer windmills

Kelsey Grammer windmills

Kelsey Grammer Kelsey Grammer has lost hundreds of thousands of dollars investing in windmills. The former 'Frasier' star expected his investment to be ''lucrative'' but the venture flopped, leaving him worse off financially. Asked by TMZ for his worst ever investment, he said: ''Investing in windmills. You'd think it would be lucrative, but it's not really a friendly environment for new technology, it really isn't. ''Big wind is doing OK but small wind isn't and it cost me a lot of money - it's got six figures.'' Though Kelsey insists his finances are still ''OK'', he admits there is no chance of recouping his original investment. He added: ''I'm OK, but I didn't make up for it, it's one of those things that's just a straight loss.'' And windmills isn't the only area where the 57-year-old star is losing money as he recently slashed the asking price for his Bever