ViewFromT2

Even Birmingham City councillors probably weren't dumb enough to believe his rubbish! According to Reuters.com. This is the business of Teamax Smart City Technology, of which Xia is chairman: FULL DESCRIPTION TEAMAX SMART CITY TECHNOLOGY CORPORATION LIMITED is a China-based company principally engaged in the research and development, production and sales of functional cosmetics. The Company's main cosmetics include head care, facials and body care products. The Company is also engaged in pharmaceutical circulation business through its subsidiaries. Its medicine-related products include western medicines, proprietary Chinese medicines, Chinese herbal medicines, Chinese medicine drinks, medical equipment, family planning supplies and food. The Company principally operates its business in the domestic market. Add to this the Lotus Health Group that he is involved with, manufacturing MSG....that company is failing miserably aswell......dunno how he managed to gain that docterate at Harvard ?

Spot on fella...Don't forget....he apparently sold Teamax to fund the purchase of Villa....more bullshit!

You do realise Recon Group has been losing money hand over fist for 3 years....right? You do realise it's all bullshit.... right? There is no wider plan....!

Smart City ambitions?....wow.....I truly didn't realise people fell for that bile? ?

I hope you're wrong, but fear you are totally correct. Issuing the shares before the final makes no sense at all in terms of what we have discovered since. He clearly intended to do one if we went up!

Don't follow. Thought Ordinary shares are always listed as £1 aren't they? This is where a lack of in depth knowledge trips me up ?

Not sure if it's been mentioned at all....but allotment of 57m shares was made on 25 May, as were the 69.5m shares in Recon Group UK. This being THE DAY BEFORE the play off final?......clearly that game was actually irrelevant to whatever Tony is planning?

Got ya...I remember (and just checked) an article on sky that stated he bought us for between £60m-£70m. Wasn't some of that deferred though on the back of going up inside 2 years? or was there an additional payment to be made on top of this figure if we had gone up?

Recon Group UK is showing 69,459,889 shares. It was 1 share before. Didn't Xia buy Villa for around this £69m mark?....probably grabbing at straws and hoping beyond all hope that all this means he is selling up.

??? Actually just laughed out loud in the office....received a few stares! That is funny!

I got into heated debate on TBAR when Xia came in, arguing with a numpty over there that was convinced Xia had the backing of the chinese government ??? I ended up getting booted out and barred from the forum ? Even when he first took over there was so much doubt about him. None of this is a surprise to me....well actually that's not strictly true....I'm surprised how quickly it has happened. It's the "can't get his money out of china" bollox that annoys me the most!

Pretty sure that leak would of come from Wyness....the HMRC don't 'leak' information to the press

Totally agree with this. That's exactly what I've read and heard from reputable (in my opinion trustworthy) sources. Pretending it isn't going to happen cos were 'Aston Villa' won't make it go away. This idiot has took us to the brink.....does anyone trust him to sell the club for the good of the club, or is he likely to ensure he saves some face in China by not making a loss? As you say, the list of charges against the club is bloody horrific!

Not really got your head round the principle of a 'discussion forum' have you?

There are quite a few people saying the same thing. What makes it worse is the fact he appears to have vanished since the playoff final.It's not unheard of in China for businessman to simply vanish for a length of time....detained by the local authorities whilst being investigated. Would not be surprised is this is what has happened to Xia. The owner of Fosun has 'disappeared' a couple of times in the past few years. Is there any relevance to the fact Howard Hodgson has also gone missing since he tweeted about trying to help the club when all this broke? I'm certain he will be connected to one of the interested parties, as he was when Lerner was selling.

I think Tony is frantically trying to find some money in China as we speak. If he doesn't I imagine he will sell anything that we still own. The next 2 or 3 weeks could be the end for this club. Alternate wording ?

If anyone's interested, I came across this blog late last night: https://villaleaks.com/ It's written by the bluenose that created a similar blog uncovering the depths of crap that Blues have been in since Carson Yeung took over. To be fair, he really seems to know his stuff when it comes to chinese business. No idea who he is, but I would stress that in my opinion he isn't wallowing in our downfall or taking the piss, it's a genuine blog and I think he may well uncover some information over the coming weeks. He has removed the comments feature for obvious reasons. 3 articles on there so far, all very interesting.

I can't believe we've ended up with Carson Yeung Mk. 2!

Yeah I've been navigating Beta Companies House for a while....it's just a web of companies, so confusing! I have stumbled over this article though, which shows why Tony has been in China for so long....looks like chinese companies are going tits up aswell....very worrying times indeed for us. I can only see one outcome to all this. If he doesn't sell us, we will eventually go to the wall. http://westdollar.com/sbdm/finance/news/1349,20180524877236827.html In an earlier interview with the Securities Times e reporter, Xia Jiantong also stated that since taking over Lotus Health in 2014, it has already borrowed more than ten billion yuan from listed companies for a total of more than two billion yuan in total. The purpose is to resolve issues left over by history. , to enable the company to achieve transformation and development. The two listed companies, Ruikang Holdings and Tianxia Smart, have also been active recently. Ruikang announced on April 4 that RCC Holdings had a consideration of 1.446 billion yuan and transferred 100% of the controlling shareholder Hangzhou Ruikang Sports Culture Co., Ltd. to Shenzhen Shenliyuan Investment Group Co., Ltd., and the company’s actual controller was Xia Jian. The system was changed to Li Ming. On the 27th of the month, Tianxia Wisdom also announced that Xia Jiantong resigned from the post of president due to his busy work and continued to serve as the director and chairman of the company's eighth board of directors.

believe so yeah. I read an article that the funding was coming from a hong kong based holding company that is owned by the cable company, or something like that.

Yeah the cabling company is part of the Recon Group apparently. It was that company that was linked to buying the majority share in Millenium Films last year.

So just read this on Company Check (https://companycheck.co.uk/director/920918826/MR-JIAN-TONG-XIA/summary) : Mr Jian Tong Xia holds 7 appointments at 7 active companies, has resigned from 0 companies and held 0 appointments at 0 dissolved companies. JIAN began their first appointment at the age of 41. Their longest current appointment spans 2 years, 0 months and 22 days at RECON GROUP UK LIMITED The combined cash at bank value for all businesses where JIAN holds a current appointment equals £2.4m, a combined total current assets value of £218.7m with a total current liabilities of £677.8m and a total current net worth of £-396m. Roles associated with Mr Jian Tong Xia within the recorded businesses include: Director A. Is this website current? B. Is this website accurate/trustworthy? C. I answer to questions A & B are both 'yes', are we now right royally f**cked?

Why? Doesn't take an ITK to see that a lot of this is very plausible.

Great news in my opinion. We would simply not of been able to replace him now the club is in financial meltdown! Takes pay cut to finish his career here as his family are settled in the area.

Some striking familiarity here: https://www.sportskeeda.com/football/football-owners-ac-milan-s-mysterious-chinese-owners-silvio-berlusconi Some extracts below. I think it makes interesting reading if nothing else. Clearly on a much bigger scale than Aston Villa, but similar story in many ways: "After months of struggle, Berlusconi found a potential investor from China. At the time, Chinese President Xi Jinping, a massive football fan himself was beginning to be at the forefront of a Chinese footballing revolution. So, when a Chinese company Sino-Europe Sports Investment Management Changxing Co. bid over €700 million, it seemed that the club was the latest to join Xi’s footballing revolution. At the centre of this saga was Li Yonghong, a Hong Kong-based businessman, who few had heard about before. The holding company looking to buy AC Milan sat atop a complex web of companies and state-backed investors. A year later, negotiations still dragged on due to a series of red flags, most notably whether the Chinese company actually had the money. If AC Milan supporters thought they had got rid of their controversial owner, they were hugely mistaken. When International news agency Reuters investigated about the 8 companies, connected to the bid, they found that the shell company had lied about all 8 offices. The New York Times had also discovered that Li’s mining empire wasn’t as lucrative as he had claimed nor was it actually owned by him. There was also a separate issue of forged bank documents holding up the sale. But eventually, the transfer went through in 2017 to what is now known as Rossoneri Sports Investment group headed by Li Yonghong". "Milan went on a spending spree of more than €200 million in the summer of 2017, buying Leonardo Bonucci, Nikola Kalinic, Andre Silva and Hakan Calhanoglu. To fund this spree, Li managed to secure a $354 million loan from Elliott Management, a controversial US hedge fund. Elliott is also known as a Vulture Fund i.e. a company that buys up bad government debt at low rates followed by fierce litigation to extract repayment". "Around the time of Montella’s sacking, UEFA took a keen interest in Milan’s finances and the club’s potential lack of compliance with the Financial Fair play rules. In December 2017, UEFA’s investigatory chamber turned down AC Milan’s request for a voluntary agreement to be in accordance with FFP rules. In a statement, UEFA said that: