mikeyjavfc

44 minutes ago, sidcow said:

But surely when purchasing a club there must be some ability to pump some funds into the accounts? 

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).

1 hour ago, HanoiVillan said:

It's impossible to read that and conclude that 'everything will be alright'. We have no way of paying our debts, and I have to say my own conclusion from that piece is that we will be in administration or being wound up within a month. 

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. 

2 minutes ago, punkiller1981 said:

Almost feels like the is a fraud case here

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

6 minutes ago, TheAuthority said:

Where has he 'discovered' this info?  I'm very wary of what Matt Scott says.

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.

15 minutes ago, Eastie said:

The premier league have reportedly agreed to release the £15m parachute payment early to us so hopefully that will help buy us some time , I expect Grealish to be next to go . 

However the original reports of £45m needed seem to be maybe optimistic - it may well take considerably more than that to sort this mess.

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

6 minutes ago, tom_avfc said:

I agree with this. Wasn't Keith Wyness the man who reliably informed us that there was a plan in place for if we went up and a plan in place for if we stayed down? Given what's happened this week, the plan put in place whilst he was CEO for if we failed to go up doesn't look to be the most well thought out plan.

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. 

Just now, Rugeley Villa said:

I'm 99% sure we will be taken over sooner rather than later. I'd say Xia wants out asap. 

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

13 minutes ago, Daweii said:

Can we stop being bought out by people with mystery wealth please... There is sweet **** all on this guy anywhere online aside from he has a portfolio of shares in Baseball teams. Is this guy worth a lot of money? Is it so hard to get a potential owner that is like "I am worth $20+ billion and my favourite hobby is spending money", it's the least we deserve after all of this shit.. 

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.

10 minutes ago, TeeJay said:

Here's Lerner's statement from when he sold up:  

 

In spite of my personal affection for reading history I have come to trust the future more than the past. And when I refer to the 'past,' I do so lightly and lightheartedly.

I refer to recent accounts - mostly in the press regarding the sale of the Club, that are so many miles from accuracy or truth that I can only assume that they too were written by people whose tongues were firmly embedded in their respective cheeks. It is football after all.

As I've said, it was my hope that ownership and custodianship of the Club would have been transferred some years ago when I knew that personal and professional matters made it impossible for me to contribute the time I did in my first five years with the Club.

Time and immersion that is crucial to any formula for success.Still, fates are fickle in football so that we could claw back to safety last season, end up at Wembley at a Cup Final sitting amongst old friends!, and then spend the 2015/16 campaign at Bannockburn!

As I expect this to be my last message to supporters through the Villa website I thought it worth reiterating that my approach from the beginning, consistent with my longstanding affection for The Trinity, was in three parts: Villa Park infrastructure, Bodymoor Heath infrastructure and the Villa squad.

I have a sneaking suspicion that my best chance of any tolerable memories in this regard will lie with the father and son of this trinity…!

In the end, however, so many wonderful young players came through Villa during my time and it is to them and supporters alike whom I am indebted.

https://www.birminghammail.co.uk/sport/football/football-news/aston-villa-heartfelt-final-message-13053037

God what a utter wankshaft Lerner was.

2 minutes ago, HeyAnty said:

Thats made up

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

10 minutes ago, dounavilla said:

Apparently leaked from Dr Tonys email.

 

In spite of my personal affection for reading twitter I have come to trust the future more than the past. And when I refer to the 'past,' I do so lightly and lightheartedly, when I was able to take money from china.

I refer to recent accounts - mostly in the press and Simon Jordan regarding the sale of the Club, that are so many miles from accuracy or truth that I can only assume that they too were written by Keith Wyness and whose tongues were firmly embedded in their respective cheeks. It is football after all.

As I've said, it was my hope that ownership and custodianship of the Club would have been transferred some years in the future to make profit for China. when I knew that personal and professional matters made it impossible for me to contribute the time I did in my first two with the Club. Time and immersion and twitter that is crucial to any formula for success.

Still, fates are fickle in football so that we could claw back to the championship last season, end up at Wembley at a Cup Final sitting amongst old friends!, and then spend the 2017/18 campaign at china.

 

As I expect this to be my last message to supporters through the Villa website I thought it worth reiterating that my approach from the beginning, consistent with my longstanding affection for The Trinity, was in three parts: Villa Park infrastructure, Bodymoor Heath infrastructure and the Villa squad for the good of china.

I have a sneaking suspicion that my best chance of any tolerable memories in this regard will lie with the father and son of this twitter.…!

In the end, however, so many wonderful young players came through Villa during my time and it is to them and supporters alike whom I am indebted.

Also, of course, I wish - without mentioning names, to say thank you to countless people with whom I worked at Villa Park and BMH who have touched me personally and from whom I have learned so much including all my followers on twitter.

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

Sounds like a serious cash flow problem - consistent with rumours from last season about late payment to suppliers. Dark times

24 minutes ago, Vive_La_Villa said:

I don’t think we’ve gone in to panic meltdown yet. Haven’t heard anything about protests.

Out of interest, Sunderland aside, which club is in as much of a financial mess as us? 

QPR

Now that a national newspaper has commented on possible takeover talks I would expect to see a formal statement or at least a twitter rant squashing the rumours from the Xia / the club. We have seen this kind of reaction for much less in the past. So if we continue to get radio silence this week then I think we can assume the rumours are true. 

We do not have the luxury anymore to support passengers in this squad. The squad is about to be thinned out significantly, and like it or not he is under contract for 2 more years here. If he can’t be sold, the club should work with Ross to get him mentally and physically fit to play so we protect our investment / asset. We might even get a performance or two out of this £12million player. This exile approach isn’t helping either the club or the player.

Certainly Ross hasn’t helped himself but I think he had also been mismanaged whilst here, an organisation as large as villa should have mechanisms for helping players with personal problems. Imagine spending £12million on a player and then deciding the player is a total lost cause after less than a year...crazy. I honestly think we would be better trying to rehabilitate him than sell him on for a minimal fee. Christ you could pay for a full time chauffeur to make sure he got to training on time and didn’t go drinking after training for about 1/50th of his wage. 

He’s worth whatever clubs are willing to pay. If we can whip up a bidding war then I’m sure we’ll receive over the odds for him despite our plight. 

28 minutes ago, TheStagMan said:

FFP is great isn't it.... "you have spent too much money, and are therefore likely to be financially unsustainable", so we are going to fine you some more money......

Does the fine count as expenditure under next year’s FFP assessment?

With FFP and Grabban gone this man must be brought back into the fold. Got to be worth a place on the bench given his resale value is 0. Do it Bruce - vault the gate and bring him back!

I would suggest that we just showing attempts to comply i.e. bring the wage bill down, sell a few unneeded types, and then hope for the best even if we haven't complied with the limits. As long as we have shown willing and have not been recklessly spending till the last I imagine we are looking at a fine at worst. The EFL will avoid docking points or demotion etc. except in worst offenders due to the inevitable legal challenge it will bring.

We bet the farm and lost. I would now hope the brain’s at Recon might be able to work out how we can work around FFP without stripping our club to the bones. 

Would selling Bodymoor to keep Jack Grealish at the club be worth it? 

2 hours ago, omariqy said:

He is talking about Chester as if he is really old. Ream is older. 

 

https://www.telegraph.co.uk/football/2018/05/23/slavisa-jokanovic-unfazed-talk-fulham-players-leaving-do-not/

He's trying to downplay the fact that his team is young and inexperienced in high pressure games by flipping the narrative to say our team is 'too' experienced and therefore old / slow (?). Its a a ridiculous statement to be honest and highlights how worried he is about his teams mentality. 

9 minutes ago, VERB27 said:

Sold out? Does that mean the edge blocks in the top tier were never for sale? Is this some sort of segregation thing? 

Also, are they sending dispatch confirmations via email? 

At the 2010 league cup final there was an empty block of seats covered in netting to separate the 2 sets of fans so I would say so.