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Tony Xia (no longer involved with AVFC)


Vancvillan

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Just now, Zatman said:

I was sceptical of Tony from the start, I hope I am wrong but something here is a bit fishy

I would think that qualifies for understatement of the year.!!!

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1 minute ago, Xela said:

There is obviously a bottleneck somewhere with the cash and perhaps I'm being too optimistic but I genuinely think the previous owners would have done due diligence when selling. Hollis was very certain Xia was the best option.

 

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1 minute ago, Xela said:

There is obviously a bottleneck somewhere with the cash and perhaps I'm being too optimistic but I genuinely think the previous owners would have done due diligence when selling. Hollis was very certain Xia was the best option.

Xia would have also had to go through full KYC/CDD procedures with Villa's bankers (HSBC) in order to continue to use the banking facilities. This includes source of wealth and full background checks going right up to the UBO (I assume the parent co in China)

I think it would have been very difficult for a chancer to pull this off so I'm quite confided Xia isn't a fraud. 

HSBC ?? corrupt doesn't even begin to describe that lot.

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1 minute ago, DCJonah said:

So now the excuse is he can't get money out of china. 

I don't think its an excuse, just a potential reason. We're all speculating at the moment 

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Just now, villakram said:

HSBC ?? corrupt doesn't even begin to describe that lot.

The checks would have been done in 2016 in the UK. The bank (worldwide) has done a lot of dodgy things in the past but in the UK, it is probably the best placed bank regarding AML procedures and financial crime compliance. It is way ahead of the other big clearing banks. 

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6 minutes ago, Xela said:

There is obviously a bottleneck somewhere with the cash and perhaps I'm being too optimistic but I genuinely think the previous owners would have done due diligence when selling. Hollis was very certain Xia was the best option.

Xia would have also had to go through full KYC/CDD procedures with Villa's bankers (HSBC) in order to continue to use the banking facilities. This includes source of wealth and full background checks going right up to the UBO (I assume the parent co in China)

I think it would have been very difficult for a chancer to pull this off so I'm quite confided Xia isn't a fraud. 

This is a good point, but then what about Paul Samuleson's involvement, that for me was an enormous red flag that something wasn't quite right.

Edited by Dr_Pangloss
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2 minutes ago, Zatman said:

If Tony is stuck in China he could do a lot worse than delegate club matters short term to the old brigade of Deadly Doug and Steve Stride if they wanted it

I dread to think what it would do to old deadly if he was to look at how bad things are.

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8 minutes ago, Zatman said:

Great? He just did what Lerner did when took over. An exact carbon copy of throwing money and hoping it would stick

What else can he do? He backed the team which is what we all wanted. 

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1 hour ago, Morley_crosses_to_Withe said:

Anyone thinking that what we’ve got here is a bullshitting opportunist!? 

All the talk of multi million pound deals being worked on that made Villa look like small change; buying film studios/other football clubs; opening theme parks; making us one of the top four/five football clubs...LOL!

This was a chancer buying a Championship football club with no serious finances to back it all up and no plan. It was a Premier League shit or bust approach. A total gamble on making the Premier League - not for the benefit of Aston Villa, but instead to enhance the brand of his own company. 

 

Being saying it for quite a while. He goes for the headline. The deal for the film company collapsed shortly after it was announced. Yet it is still on the website as an acquisition - thats what we are dealing with. Who knows how bad this could get ? - Administration is distinct possibility - thats why that tin pot consortium fancied there chances - they hope to get us for next to nothing.

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1 minute ago, Czechlad said:

What else can he do? He backed the team which is what we all wanted. 

by wasting the parachute money. Threw money at managers and over the hill players with no long term goal and we are paying for it now

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1 minute ago, Dr_Pangloss said:

This is a good point, but then what about Paul Samuleson's involvement, that for me was an enormous red flag that something wasn't quite right.

The Samuelson stigma had no facts to back it up then, and less now.

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3 minutes ago, Dr_Pangloss said:

This is a good point, but then what about Paul Samuleson's involvement, that for me was an enormous red flag that something isn't quite right.

He might just be a terrible judge of character!

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4 minutes ago, Zatman said:

If Tony is stuck in China he could do a lot worse than delegate club matters short term to the old brigade of Deadly Doug and Steve Stride if they wanted it

A mate of mine just txt me exactly the same. However shots of Doug at Wembley looked like he had aged a lot. Perhaps he’s seen a copy of our accounts. 

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7 minutes ago, Zatman said:

If Tony is stuck in China he could do a lot worse than delegate club matters short term to the old brigade of Deadly Doug and Steve Stride if they wanted it

Seems like Trevor Birch is involved in our business now. Guess Tony's looking to sell.

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Just now, Zatman said:

by wasting the parachute money. Threw money at managers and over the hill players with no long term goal and we are paying for it now

It's a no win situation for Tony. Back a manager and we buy young talented players who don't get us promoted and we'd be whining we needed experience. Buy experienced vets, and we whine we needed fresh talent. No matter what he is in the wrong.

He backed our club. Listened to his managers, and it didn't work. 

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2 minutes ago, DCJonah said:

So now the excuse is he can't get money out of china. 

Did recon not pay a 5 year sponsorship of the training complex just a month ago?

I said at the time, I suspected that wasn’t a paid sponsorship deal but instead a transfer of non monetary related resources. Recon got marketing/brand enhancement benefits and in return the club gets technological improvements and access to specialist knowledge. 

This deal added to my suspicion that the entire purchase was done for the benefit of Recon. Aston Villa football club was merely being used as a giant advertising board for a company in China with the world wide exposure enjoyed by the Premier League being the main goal. 

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1 minute ago, NoelVilla said:

Seems like Trevor Birch is involved in our business now. Guess Tony's looking to sell.

If he is trying to sell then he has done the impossible and making Randy Lerner look competent

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