The maritime world has witnessed numerous exceptional yachts, but the tale of the Nero yacht stands out uniquely. Crafted meticulously in 2008 at the renowned Yantai Raffles Shipyard in China, this luxurious vessel was commissioned for the visionary Game Group founder, Neil Taylor. The design aesthetics of Nero draw inspiration from the historic yacht Corsair, a creation from 1899, owned by the iconic J.P. Morgan.
Key Takeaways:
- Built in 2008 at Yantai Raffles Shipyard, China for Neil Taylor.
- Design inspired by J.P. Morgan’s Corsair.
- Accommodates 12 guests with a dedicated crew of 20.
- Powered by 2 Caterpillar engines with a top speed of 17 knots.
- Winner of the Best Motor Yacht over 75 meters Award at the 2009 ShowBoats International Design Awards.
- Purchased by Denis O’Brien in 2014 for US$ 70 million.
Specifications
The essence of Nero lies not just in her design but also her formidable specifications. Nero comfortably hosts 12 guests, seamlessly assisted by a professional crew of 20. The elegance of her interiors, conceptualized by Laura Pomponi from Luxury Projects, is evident in every nook and corner. The twin Caterpillar engines propel her to a commendable top speed of 17 knots, with a consistent cruising speed of 14 knots, and an impressive range of 4,500 nm.
In testament to her grandeur, Nero was conferred with the esteemed accolade for the Best Motor Yacht over 75 meters at the 2009 ShowBoats International Design Awards.
Price and Ownership
In 2014, this marine marvel was acquired by Denis ‘O Brien, for a whopping US$ 70 million. Subsequently, she underwent an extensive refit at MB92 in Barcelona to enhance her splendor. The owner of the Nero yacht, Denis O’Brien, is renowned globally, not just as a magnate but also as a philanthropist. Originating from Ireland, O’Brien’s stature as one of the nation’s wealthiest individuals is a testament to his business acumen. His achievements span founding and chairing Digicel and having significant shares in Independent News & Media, influencing telecommunications and media landscapes across continents.
Neil Taylor
The Meteoric Rise and Legacy of Neil Taylor in the Computer Games Industry
In the early 90s, the computer games retail landscape was defined by a few major players. Game, one of the prominent brands today, was originally founded as Rhino Group in 1992 by Bev Ripley and Terry Norris. However, a year earlier in 1990, another distinct entity named Game emerged, founded by Peter Wickins and Neil Taylor.
The late 90s witnessed significant changes, with Electronics Boutique proposing a £99 million acquisition of Game. This move poised Electronics Boutique to lead the market, outpacing Dixons with an estimated 20% share. For Neil Taylor, Game’s chairman, this translated to his stake being valued at an impressive £21.3 million. The transition wasn’t just beneficial financially. Taylor, who had previously amassed £30 million from Game’s floatation, anticipated becoming the second-largest shareholder after Electronics Boutique of the US.
Yet, challenges like unsatisfactory Christmas trading figures once affected Game’s stock value, pushing shares to a low of 103.5p. Nevertheless, the proposed acquisition by Electronics Boutique valued each Game share at approximately 134.3p. Neil Taylor’s faith in the deal was evident, emphasizing the 31% premium it offered on Game’s closing price prior to the acquisition announcement.
As the industry continued to evolve, Neil Taylor’s influence extended beyond retail. By 2009, Taylor, with a net worth of £120 million, diversified his wealth through currency trading, bonds, and significant property investments in France. This trajectory from co-founding a pivotal computer game retailer to becoming a multifaceted businessman demonstrates Neil Taylor’s acumen and adaptability in a dynamic marketplace.
Dry-Dock Accident
Despite her magnificence, Nero has had her share of challenges. A noteworthy incident in September 2019 led to significant damage when the yacht met with a docking incident in Italy. This unfortunate event caused Nero to tilt to her side while in a dry dock. Since then, she remains out of service, awaiting her time to sail the seas again.
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