mikeyjavfc

Very good point that, it does look weird. On the flip side you could say we are putting them in the shop window to drum up interest in a sale. I imagine the crowd at this game is half made up of scouts watching our players ?

Villa Report just reposts news from other sources, he always attributes his sources. I must say it is bloody useful for the lazy like me who doesn’t want to read around dreadful sites like the Brum mail for villa news. The Mandaric quotes are from the Mirror.

The best* part about the McCormack saga is that we agreed to pay his fee in installments so we still have to pay Fulham circa £6million in the next 2 years for a player who won't even train or feature for our reserves at a time when £6million would make a massive difference to our balance sheet. *f#!king worst

Alternate theory (i.e. not based on any facts at all): Ross is a clinical alcoholic and he is signed off on long-term sick leave. We are claiming on our business insurance against loss of value to a playing asset. We can't play him or integrate him with training otherwise we lose the ability to claim on our insurance (may also be against his clinical treatment). This is far fetched but I am trying to understand how this situation could arise with a player not even allowed to train. Even Micah Richards and the famous bomb squad got to go to training!

Love both kits! Now we know what Luke was doing whilst the work experience kid was designing the training kits! Minimal blue on the home but I don't mind the variation for a year, as no doubt it will be back next year or year after anyway.

The focus on FFP is total misdirection. It is mentioned heavily in Xia’s letter but the real and well known issue at villa is the lack of operating cash to pay our tax bills and creditors. Funny how that issue didn’t get a mention. Xia will now freely sell off our player and other assets under the guise of: “my hands are tied with FFP!”, when in reality he is trying to squeeze a return out of his failed investment. I’d go as far as to say that Xia is ecstatic about FFP as it provides a convenient smokescreen for unpopular financial decisions that are coming.

FANTASTIC NEWS! Who fancies a pint?

What idiot would sink a major cash investment into Villa without even gaining control off the man who almost brought the club to its knees and is likely to do the same with your investment? Sale or nothing I think.

Assumption that we would be promoted. It’s clear now that every forward plan from the last year was based on this assumption.

1 - Jet washing of the North Stand 2 - Balti pie shortages 3 - takes too long to get a pint a half time 4 - Gabby testimonial 5 - clappers: yes or no? If there’s time: 6 - sort out the financial situation

Basically only the first £8million of that injection would be ‘counted’ as income under financial FairPlay (or £24million over 3 years). I think the confusion is people mistake our yearly financial reporting with our FFP calculation. The FFP calculations is BASED on our yearly accounts but excludes several items; some useful things are omitted such as expenditure on women’s football, training facilities etc.; most are not helpful to us such as omitting cash injection from owners and over inflated sponsorship deals etc. Basically, a clubs accounts can appear to be nice and healthy and still fall foul of the rules if the income is coming from the ‘wrong’ place.

Under FFP a club are allowed to lose an average of £5millon a season over the last 3 years (£15million total), unless the owner is covering losses with cash injection. With cash injection a club may lose up to £13million a year (or £39million over 3 years). So the value of rich owner these days is only worth £8million quid a year to a loss making club (virtually all championship clubs make a loss).

Wow, whenever I feel inexperienced or bad at my job in the future I will remembered that Tony Xia and Keith Wyness once tried to run a football club.

Sounds feasible. Selling at no loss is fanciful. Xia would do well to cut and run (sell) if preventing further loss of his money is the ultimate goal. How much longer can he plug a £5million gap every month and expect to make a return on his investment? Not to mention if administration happens he will lose everything.

If the story about Wyness intentionally trying to force administration I’d say it’s a certainty.

Why? He clearly had a good inside source. I see this opinion a lot and he doesn’t seem like a very nice bloke, but if you look back through his tweets he has been calling out Xia’s finances for 2 years now and has been proven right.

Well there’s goes that lifeline. It’s amazing how we are managing to spend money we haven’t even earnt yet.

Plan A: get promoted; use improved cash flow to pay debts and balance ffp. Plan B: fail to to get promoted; go out of business. Its the patented Wyness win-lose business plan!

One thing I want to know... The papers are selling this crisis as a result of not being promoted, but this is a short term cash flow problem not a wealth problem. If we had won the play off final last week we wouldn’t have anymore cash available to us right now would we? They don’t deliver the £100 million premier league tv rights money via big novelty check after the game do they? Surely it is realised over the year you are in the premier league. I suppose it would be easier to borrow funds against that future income but if we take Xia at face value (big ask I know!) then we are sorting out a loan this week to cover the tax bill anyway despite missing the big payday. So if we had won last week I imagine we would still be in this situation...it would have been easier to find buyer at least!

There are three scenarios now I think: 1. Xia secures a loan the pay the tax bill and then begins selling off the family jewels to keep the sinking ship afloat for as long as possible, with no cash coming in from China to pay the bills. 2. Xia can’t secure a loan, we miss our tax deadline and enter administration later this week. 3. We are sold QUICKLY to the highest bidder who injects cash to pay the tax bill before a formal takeover. 3b. Tony finds a minority investor to provide a cash injection to keep us going. 1 and 2 would be a disaster I feel unless Xia is able to unlock money from China. I am hoping we’re are sold shortly and fluke our way into good ownership, but this is villa so I am prepared for the worst.

Within the next 3 days I would hope otherwise there’s a good chance we’ll be in administration after our tax bill deadline.

I for one welcome the inevitable introduction of the so called ‘moneyball’ approach so popular in Major League Baseball. Surely this has never been tried in English football and will be a overnight runaway success.

God what a utter wankshaft Lerner was.

You know it’s been a strange Avfc news day when it seemed entirely plausible for a minute.

Is this for real? What the f**k is going on?