TheEgo

14 minutes ago, bobzy said:

 

Middle East link is true then?  

The Arab fella isn't in the news, BUT a Middle East bid is.....That's true!! 

11 minutes ago, Okonokos said:

Twitter saying press conference called for 2pm tomorrow on BeIn Sports.

Salt and pinch.

Another wind up tweet, ignore

13 minutes ago, villianusa said:

thatcherlover‏ @thatcherlover

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Is happening #avfc

4:19 AM - 19 Jul 2018

He posted 4 hours ago, before it kicked off in the mail.

 

Harvey Specter‏ @ugotlittup2

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Majid Al Futtaim close to investing in Villa #avfc

5:20 AM - 19 Jul 2018

He posted later with the guys name.

I wonder how much BS is in this?

Two different accounts there, the second one naming the Arab is a wind up and the first posted just before the mail did. He's got a bit right and a bit wrong (@Thatcherlover) If it is Al Futtaim, it won't be due to that tweet on Twitter, although weirdly there is a Villa link to him as one of thier Holding companies has a Villa fan as Chairman 'sir Michael Rake' it's a weird old link and either completely random or where the guy got the idea from or far less likely........true 

31 minutes ago, villan_007 said:

Come on pal! Do it for the believers!! Or are you happy with what you've heard or is it cause for concern 

What's in the press is true. Let's face it, anything is good news over Xia. 

2 minutes ago, villan_007 said:

What about the posters on here who liked reading what you posted about what you know. Give us the juice bud.

Don't stay silent because a few posters get their panties in a knot about ITK.

Really not worth the smart ass replies, I have better things to do. Those I've spoken to privately (and no please don't pm me) will know whether it's bs or not. 

6 minutes ago, Jareth said:

So somewhere between 51% and 100%? Safe enough bet!

Yes, was spelling out what majority could mean and look like as opposed to a prediction. I know plenty but saying nowt. 

I don't think for one second it will be a minority offer (unless it was preemptive of a majority takeover) I 'think' we see a majority offer that could range from 51% upto a full takeover. 

**Edit to be clear this is in no way an attempt at any ITK,  just spelling out what a majority stake could look like in case it wasn't clear. 

6 minutes ago, DaveAV1 said:

I’m not sure he has ruled himself out entirely. He left it a bit open in my opinion. Towards the end of his statement, he said something along the lines of, I need to get myself sorted out before I can do anything. It could all be interpreted in half a dozen different ways of course. 

I think he's ruled out of anything imminently and we're talking very imminently. If we're talking hypothetical scenarios. we are far more likely to attract the sort of investor like Mandaric, than someone looking for a quick flip, as there are no assets left to really make a quick buck on. I see that as a good thing in that it will rule out real chancers!! Careful and slow progressive (never mind brilliant  and shrewd) ownership is the way forward out of this big black hole of a mess

36 minutes ago, Fowlersrs said:

Yes it could well be this group that Mandaric is advising but his name is in the mix as a result.

We will find out sooner rather than later I feel. Fingers crossed

2 hours ago, Fowlersrs said:

I've heard whispers that a certain amount of staff have already been told to expect delays in getting paid. 

 

Apparently the Xia flying in rumours are true with Mandaric in pole position 

Mandaric has already ruled himself out. He has advised a group though.

Just now, Okonokos said:

What do you think has traction? The Express and Star story or the Thierry Henry bit?

The E&S bit. I know nothing of Henry(some rumours of a bad translation and another saying linked to a consortium, but god knows) 

57 minutes ago, lapal_fan said:

So Xia sells us.. to who? First come, first serve? 

There isn't going to be a happy ending to this, we are going to be stuck in this div, selling our better players and going back to "Young and hungry" (meaning decent league 1 players) for a few years.  

This is only the tip of a very, very, shitty iceberg lettuce, which has been left out in Dudley Town Centre during this summers heat wave, and used as a bog rolls to the locals. Can you just picture and imagine how shitty that is? 

 

We need to accept this as a reality. We may strike lucky in that we are sold to a good buyer/s BUT we will still need to fix our problems over a few years. There is NO quick fix anymore. The figures and state of the club are frightening apparently. 

1 hour ago, bobzy said:

Does anyone else coming in right now have any bearing on our FFP status?  My understanding would be no?

In a word no, Remember though we aren't technically in breach of FFP until March 19 so have some wriggle room. The current problem is Xia can't pay the bills. Any new owner can submit a plan to the EFL showing how they plan to decrease debt and be afforded a little leniency. So we could hold firm on sales, knowing that worst case we sell in January. Lots of things clever people can do. Xia isn't one of them. Let's hope he chooses the right option this week (a full buyout) 

Thought I'd post as It's Taco Tuesday  I reckon this has some traction. Time to shit or get off the pot Tony.

11 hours ago, ciggiesnbeer said:

So with the best will in the world, we have an acting CEO who is a novice in this sector (he has never been the CEO of a football business before) who is juggling finding funds and selling players. In the latter case he has less than a month to do so and so far he hasn't sold one.

If he doesn't manage to do these things in the next 3 weeks, Aston Villa quite literally may go out of business.

Righto then, seems like I need to lower my expectations even further for how this year is going to go.

He's also doing it from Bejing and 'weibo' messages to Ho.

2 hours ago, blandy said:

I’m not confident the premise of your question is completely right. In terms of Villa, FFP etc. an owner can convert debt to equity (Randy Lerner wrote off all his loans to villa this way). If a bank was to do have done similar, then that bank would now own a percentage of villa and that would get announced. So basically I don’t believe that has happened at all. What’s happened is that TX has converted loans to shares. It is likely/possible that the funds used have come from another company in China, ultimately, but it’s Xia who invested the money

Sorry Blandy for clarification I was quoting this part of the site I found to try and explain debt to equity 

"Debt-to-equity swaps are common transactions in the financial world. They enable a borrower to transform loans into shares of stock or equity. Most commonly, a financial institution such as an insurer or a bank will hold the new shares after the original debt is transformed into equity" and in the examples they give above they used the words, 'Bank, Insurer or Institution' What I wasn't clear on in my post when saying "I don't know who holds the shares" I guess what I ACTUALLY meant was, I don't know where the funds have come from beyond Xia to do the equity to share swap (as I'm pretty certain it was't his cash) I do suspect though, it was the rumored 50m loan he was approved to access by the Recon board that was listed on the Chinese SE last month?  That in turn would be a bank loan, which he has said we don't have any, as in the club, so I'd assume Recon have taken that debt/risk............ If that makes any sense at all and I haven't made it all the more confusing? 

So yeah what Blandy said 

2 minutes ago, AshVilla said:

Probably the Chinese government

If the Chinese Government were secretly backing Xia, they wouldn't be letting him embarass thrm by making a royal f**k up of it all. He'd of been given more cash or allegedly disappeared in China. I know their were rumours of Chinese involvement when he first bought us, but I'd say that was more wishful than anything. 

13 minutes ago, sidcow said:

The question still remains about the additional shares created.  I just have to keep pinning hope on this meaning something.

The shares were created to convert debt to equity In line with point 11 of his 'open letter' Basically debt restructuring.

"11. I have made significant investments into the club and all loans provided up to 31st May have now been converted into equity as part of the club’s compliance with FFP rules"

Quote

Debt-to-equity swaps are common transactions in the financial world. They enable a borrower to transform loans into shares of stock or equity. Most commonly, a financial institution such as an insurer or a bank will hold the new shares after the original debt is transformed into equity

https://www.thebalancecareers.com/what-is-a-debt-to-equity-swap-1290541

What we don't know is who the bank, insurer or institution is that hold the new shares.

14 minutes ago, Hev said:

He hasn't sold the Brookvale car Park yet has he?  He has mortgaged it though by looks of it.  If he sold it, where are the thousands of people that park there going to park - or is he expecting us to have no supporters . It all makes me so mad and very, very sad. 

He's loaned against it's value, as he has other things. A piece of land next to BMH to be used for the new part of the training complex. It is very much his MO now. We need this f**ker out as quickly as possible

3 minutes ago, TRO said:

Question is......has HE actually got any.

He seems to be just a front man for somebody or other?

The Answer to this is clearly NO. You don't seek investment whilst admitting investment won't make a difference to FFP or spending on players. He's seeking investment as he's a fantasist and thinks people are lining up to give him several millions for no say in a struggling Championship club, run by a guy with a track record of failed businesses. He's saving face and whats out. He's just 'trying' to keep his price as high as possible. You offer 80m and he'll bite your arm off. 

5 minutes ago, TRO said:

so where's the laughing emoji?

are you saving them all up for when we declare a PLAN?

I laughed internally, but yes, IF and WHEN Xia formulates a plan, then I'm sure it will be laughable.

23 minutes ago, TRO said:

So, Ho is negotiating deals on loans for the clubwith Sir John Beckwith CBE  CEO of Puma Ltd

Its like Keith Lemmon negotiating Brexit.

Wake me up out of this nightmare.

ps its like me getting in the ring with Anthony Joshua.

If you don't laugh, you'll cry, but this did just make me laugh TRO, if only it wasn't real eh?!

27 minutes ago, Deisler123 said:

I agree and I think it is fair to call him a 'chancer', as buying Villa straight after relegation was a highly risky business decision, but with high gain potentially. Taking chances has always been a part of his business model - he buys and sells assets all the time, and make profit from that.

Sadly he is not someone who is wealthy enough now - he used to be quite close to a billionaire (in pounds) back in 2015-2016 but now he is nowhere near that. He (or the people he hires) seems to make awful decisions. The financial difficulty of this club was resulted from many years' mismanagement, and making radical and unwise moves on transfer market over the two summers made that worse. He must have known the consequence of not getting promotion a long time ago, but he (or his people) still did it. 

In fact, as soon as our last summer's transfer has done, it was the time that has already been too late to do anything about this. The only possible way out of this was to 1) get promotion or 2) sell players to cut spending. We didn't get promotion so we ended up with this mess now. I am not trying to say, by any means, that everything will be fine if we got promotion. But those decisions made on the transfer market over the last two seasons, i.e. gambling on promotion, were detrimental to this club.

Cheers for that. The thing that I find most remarkable is He and Wyness both came out and said this club was in a mess (prior to their arrival) and many poor decisions had been made off the field and on with transfers and overpaying etc and said THEY wouldn't be making the same mistakes and THEN went on to exactly repeat the previous mistakes, that shows a serious lack of understanding of A. His business and B. The football industry in general. For me, at best, he's a very naive business man that over relied on people who then let him down whilst he had his eye off the ball and a worst a complete fantasist that has delusions of grandeur and has knowingly deceived people..........or somewhere in the middle (which is often the case)

2 hours ago, Shropshire Lad said:

Ronan Keating.

Ah yes, you clearly know your  Irish boy bands  I forget the name of the group he was in. Jeez I'm getting old.

Please take a look at the tweet below, but more importantly the write up by the guy mentioned in the tweet "@wayne_cas" (I believe his registered here and awaiting authorisation) Nailed it for me and it deserves a wider audience. Give it a read.....