This is a superb thread, which has given myself and, I'm sure, the other readers, a new insight into the way China functions (not only with football). I feel a more cheerful now! Just one question:- Deisler, do you think that 'McParland The Great' is correct with his own view of the situation? He certainly puts his thoughts over very well.
http://www.astonvilla.vitalfootball.co.uk/article.asp?a=7520870
McParlandTheGreat posted: 21/5/2016 14:03
Let's look at the facts. The Villa website put out a statement that Recon was a holdings company which has a controlling interest in 5 companies, interests in many more, which in total employ 35000 personnel in 75 countries. It appears that the controlling interest in 5 companies bit was wrong. A guess might be that the mistake was at the Villa end; the Chinese end was quick to correct it. It now appears that the controlling interest is in 1 company (it is of course possible and even likely that it has major interests in the other 4; the statement from the Chinese end that it is engaged in acquiring a controlling interest in another 4 companies tends to imply this)
There is a corrected statement on the Villa web site which reads:
Recon Group is a multinational conglomerate group led by Dr. Tony Jiantong Xia. The group holding company owns, directly and indirectly, the shares of several publicly listed companies on the Hong Kong and Chinese stock exchanges and many other private companies employing 35,000 people in 75 countries.
The mistake is a minor one. It doesn't matter a jot whether Recon owns majority interests in 0 or 100 companies. It is a holdings company; it is a vehicle for investments. What matters is whether or not it can put together the resources to buy Villa. It appears to have satisfied Hollis that it can. It now has to satisfy the leagues. If it can then Recon owns Villa. I have no problem with that.
The thing about holdings companies is that they tend not to just stick money in any old company. They have a strategy. They target certain markets for growth. They build up related investments. They invest over a period, not for the short term. At least the better ones do; from what I've read of Recon this is what Recon does. They're based in a country with huge opportunities in the medium and long term, and Recon is wired into that. If you look at what's been said about the plans for Villa, that approach ties in. I've seen it suggested that it if we aren't promoted at the end of this coming season Recon will pull out. I don't think Recon is that sort of company. It's about long term investment and profit, not about short term return. It has highly ambitious plans for Villa and the structure around it; in the scheme of things, a one season promotion is highly desirable, but nowhere near critical.
Early days. A lot more will become clear over the next two weeks and beyond. I hope we back it not knock it. Teams which aren't optimistic get nowhere on the field. Clubs and fans also need optimism.