Deisler123

? World cup is on.

I am not so sure about that, JV. 'Because he's Eastern Asian' would be more accurate. I went to South Asia a few years ago and was surprised by the 'incompatibility' between body hair and warm weather there. Didn't make too much sense from evolution point of view tbh.

I see where you are coming from, but the reason Wanda had to retract all foreign investment is completely different.

If you are winning the league title literally every year and are the country's only hope in the champions league, then trust me, FFP is nothing to worry about. It is like tax, it is always the poor people who are worrying about increasing tax. Rich people are not really affected.

Bye. You will not be missed.

This is funny. I read a report from a Chinese website that some ITK from Villa club said that Wyness fabricated all this for a potential 1M compensation if the club is re-sold. I didn't believe it, therefore didn't post it here. http://finance.eastday.com/m/20180608/u1ai11508942.html And now he asked for 6M? F off.

There has been very little coverage of what has happened to AVFC in the last 3 days in Chinese media. In general, Aston Villa and Tony Xia are not very news-worthy in China because very few people are interested in Championships football (or generally speaking non-top-6 Premier League clubs). The article from that link is not worth to read because it is just a collection of information that everyone already knows.

I can see you have had mixed feelings with Xia... He just always stays in your mind, doesn't he. Conclusion - you have been romantically nourished.?

To be honest, the point of the law, to me, always has been to make sure no one but the lawyers and judges can understand them.?

The blue and green parts are connected simply by Xia. Xia is the chairman of 000662 (the listed company at the top). He was also the president of 000662 but he resigned in April claiming that he had too many things to do. He owns major shares in two holding companies (those two below 20%/80% line), which are major shareholder of the other two listed companies at the bottom (600186/002692). If you mean which company directly owns the UK firm, then none I believe. But all of them are linked, just like how the blue part is linked with green part. They are all assets, parts of a group, serving for the same capitalism purpose.

No. I am not. I am just a Villa fan. http://www.reconig.com/mobile/page.php?mod=detail&id=9 this is an out-dated summary of RECON group. RECON group includes some boxes (in terms of shares), including three market-listed companies and the RECON holding company (the one above RECON sports). There are many others on the 'tree' but not shown in the 'box chart' - they are quite small in size though. Some of them are related to filming industry, which Xia wanted to get into in US market but failed eventually. The one in between is an investment company, which is just a structure rather than a real company.

hahahahaha. This is a perfect example of lazy journalism. First, talked about a story of Guo and his past investigation by govnt. Then quoted an earlier interview today with a Professor who commented on currency control policy in China. Then trying to implying that these two are potentially linked. And posed a scary question: could Xia be detained? haha Check out the title: WTF?

I think he mentioned it to see if I knew something about this so I can reassure him that Samuelson or people like him is no where near Villa now for a potential take-over. I didn't know much about this unfortunately.

Ok. Thanks.

I hope anyone here could help me with this: Where was the source of the 'unpaid tax bill' (the very first place where it was reported) and when was it released on 5th June? * A link to the source would be nice. Thanks.

Jim is not wrong in a literal sense. Xia is reportedly struggling in his business (but not the end of world type of struggle) and I don't think he has a lot of cash or cashable assets in hands. And it seems he will take loans to solve Villa's problem. But I guess the point is - this is 21st century, taking a loan is not a big issue, as long as you have assets/capital to support you. A loan of up to 400m CNY over two years is not that much compared to what he actually controls. I have never seen a successful cooperation which never taken a loan..... The question is: will he invest part of that money to Villa (this might be revealed by the information from gov.uk in a few days so let's see) and how confident he is in support Villa now (support now and look for a good sell v.s. support till promotion).

It is definitely wrong to say he has no money of his own. His business model is not conventional where people buy raw materials and make stuff and sell. His company is more like a holding company, relying on the success of its investment. He and his companies have decent shares on the stock market. It is probably true that he does not have a lot of cash.

I don't know. But it was reported that Xia actually controls Softto. In China, there are three types of companies. Companies owned by Chinese nationals, those owned by foreigners and those co-owned. In China, if you are a foreigner, you cannot create a child-company in China. And for those co-owned companies, Chinese side has to be a company, not a person. These differences are mainly for legislation and accounting purpose. It used to be the case (back in 80s/early 90s) that a company with foreign investment could have tax relief (to promote foreign investment). No, I have not heard of Socfin before. I don't know anything about this so cannot comment on this.

Basically, Xia sold his company to Softto who was then a listed company, with a super high value. Then Xia controlled Softto and changed its name to Teamax. This effectively makes his company as a listed company on the stock market. This is a bit similar to the concept of 'reverse merger', in comparison to the concept of IPO. The top two rows are companies names. Some boxes in the middle and at the bottom are names of rich individuals.

Sure. My pleasure. Among all owners, only the first tone: 索芙特科技: Softto, is actually a conventional company. It is like P&G, doing chemical stuff for daily use. All other owners are holding companies, and it is unclear who own them.

If you look at the picture I posted, the parent company (Teamax, http://www.txgis.net/ ) is the box near the word 'parent co' to its right. All boxes above it are its owners, and the numbers indicate their shares.

If Xia really wants to send money to UK for his business, he can. It needs approval and it is not straightforward, but it can be done. The currency policy is just a control method, it is not a shut door. The issue seems to be his cash flow as far as I can tell, which is caused by his business difficulty since early 2017. He is no where near bankruptcy from the stock market data, he is still rich. But he had lost a lot in last 12 months and his business model means that he has not much cash in his hands now.

This is not true. I converted the loan in GBP to make things easier. But the loan will be in CNY.

the parent company: 天夏智慧, listed on stock market (000662), whose chairman is Tony Xia. The child company: 天夏信息技术, translated as Tian Xia tech info ltd., which is funded 100% by the parent company. Note that these companies are different from the companies in the UK. They are registered in China. below is the summary of the relationship between all important elements of the group. I add notes for you to read (those in Chinese are not that important). Those numbers means 'control' in %. Pic source So basically, on 5th June, Xia attended the executive board meeting for the parent co., whose minutes were announced. At that meeting, it was decided that the parent co. will 'sponsor' the child co. to borrow up to 50m pounds (equivalent, the loan will be in CNY, not in pounds) over the next two years. It is uncertain if this is linked to Villa, but highly likely so. It is not the parent co. who needs a loan, the board simply approved as the sponsor for the child co. to borrow over the next two years. The child co. is 100% owned by Xia. So effectively, Xia will be able to borrow 50m pounds backed up by the parent co. Whether he will use it on Villa, is another question. Note1: All the boxes above the parent co. are its 'owners'. They are a lot of holding companies. Xia is its Chairman. It is unclear how much Xia owns, but he does not have much share from the stock market information I can see. Note2: I believe the "Jian Tun Xia" you were referring to is in fact 'Jianjun Xia'. If you treat Jian Tong (literally means building unity) as two words, and Jian Jun (literally means building army) as two words, you can guess their relationship. Yes, they are brothers. And Jianjun (older bro.) has been the chairman of Recon holding (the box above RECON sports in the pic above). But it is believed Tony is in fact controlling this holding company, not his brother.

I am not sure what that Professor was referring to. Was he saying that a company in China can transfer 300 million US dollars freely to overseas countries before the currency policy comes into play? No way. A lot of companies in China even use their employees' annual allowance (up to 50k US dollars per year) to exchange and transfer foreign currency.