Kelsey Grammer reveals he has lost hundreds of thousands of dollars investing in windmills

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.

Whoops: Kelsey Grammer has revealed he lost hundreds of thousands of dollars by 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.'

Bad money move: Kelsey thought it would be a good investment but said he made a straight loss

Family fun: The Frasier star was seen dining at The Ivy with his wife Kayte Walsh and their baby Faith on Sunday

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 Beverly Hills home.
Kelsey originally put the property, which he previously lived in with his ex-wife Camille Grammer, on the market for $18.9 million in 2008 but has reduced the price after it failed to attract a buyer.

The outspoken actor - who has children Mason, 11, and Jude, eight, with Camille, and Faith, eight months, with current spouse Kayte Walsh - had dropped the asking price several times already.
And the plush estate, which the former couple bought in 2007 for $13.7 million before extensively remodelling it, is now listed for $14.995 million.

Making a loss: Kelsey, seen with his wife, explained that 'big wind is doing OK but small wind isn't'

Difficult time: The actor has also had to slash the price of his Beverly Hills home by another $1million as he struggles to sell it