sidcow Posted May 28, 2016 VT Supporter Share Posted May 28, 2016 1 hour ago, ender4 said: though... Xia said the team itself could be profitable if properly managed. "We believe sports teams can make profit and there are examples of that in the English Premier League already, that's why we bought Aston Villa - for its business potential, not as a personal indulgence" There was something in the news on Friday about 16 of the teams in the PL made a profit last year. Shows again just how badly run we have been that even after several years of austerity with our superior corporate entertainment and large support we somehow managed to make a £30m loss whilst being one of the worst teams ever whilst many smaller clubs with less resources have been putting out decent competitive squads whilst turning a profit. 3 Link to comment Share on other sites More sharing options...
HanoiVillan Posted May 28, 2016 Share Posted May 28, 2016 3 hours ago, sharkyvilla said: How's about Birmingham, Alabama? Just buy a chunk of the city, call it Aston, bobs your uncle. Apparently there's a place called Alton just ten miles away, seems close enough to me. Link to comment Share on other sites More sharing options...
VillaChris Posted May 29, 2016 Share Posted May 29, 2016 Amazed this is all taking so long...do fit and proper tests for new owners at other clubs really take weeks on end to conduct? Link to comment Share on other sites More sharing options...
sharkyvilla Posted May 29, 2016 Share Posted May 29, 2016 2 minutes ago, VillaChris said: Amazed this is all taking so long...do fit and proper tests for new owners at other clubs really take weeks on end to conduct? It sounds like they are making a bit more effort nowadays, plus this is the first time a team has been taken over having been relegated from the Prem to the Championship which confuses things a bit as I think both have to do the checks. Link to comment Share on other sites More sharing options...
JAMAICAN-VILLAN Posted May 29, 2016 Share Posted May 29, 2016 14 hours ago, sidcow said: There was something in the news on Friday about 16 of the teams in the PL made a profit last year. Shows again just how badly run we have been that even after several years of austerity with our superior corporate entertainment and large support we somehow managed to make a £30m loss whilst being one of the worst teams ever whilst many smaller clubs with less resources have been putting out decent competitive squads whilst turning a profit. True, I have never understood it myself. Link to comment Share on other sites More sharing options...
Richard Posted May 29, 2016 Share Posted May 29, 2016 There is added complexity because we have changed leagues but not yet officially and there are deadlines upon submitting the test after we are officially members of the football league. I believe the premier league also has more stringent rules particularly around identifying who is involved in controlling the club and where the money is coming from. The football league have no requirement for identifying all directors , I believe Link to comment Share on other sites More sharing options...
R1chuk Posted May 29, 2016 Share Posted May 29, 2016 14 hours ago, sidcow said: There was something in the news on Friday about 16 of the teams in the PL made a profit last year. Shows again just how badly run we have been that even after several years of austerity with our superior corporate entertainment and large support we somehow managed to make a £30m loss whilst being one of the worst teams ever whilst many smaller clubs with less resources have been putting out decent competitive squads whilst turning a profit. And people think Lerner lost so much money owning Vills, suspect substantial funds being siphoned off each year. Probably paid himself a massive wage, hence why wages so high. Link to comment Share on other sites More sharing options...
Popular Post blandy Posted May 29, 2016 Moderator Popular Post Share Posted May 29, 2016 4 hours ago, R1chuk said: And people think Lerner lost so much money owning Vills, suspect substantial funds being siphoned off each year. Probably paid himself a massive wage, hence why wages so high. No. the accounts show that is not the case. Outside players, the Highest paid person was Tom Fox, who for some unfathomable reason was on over a million quid a year. Randy Lerner didn't pay himself anything throughout the time he owned the club. He really did spend an absolute ton making a mess of the club. 18 Link to comment Share on other sites More sharing options...
ozvillafan Posted May 29, 2016 VT Supporter Share Posted May 29, 2016 11 minutes ago, blandy said: No. the accounts show that is not the case. Outside players, the Highest paid person was Tom Fox, who for some unfathomable reason was on over a million quid a year. Randy Lerner didn't pay himself anything throughout the time he owned the club. He really did spend an absolute ton making a mess of the club. Therein lies the real shame. Having rid us of the former owner who only ever took out from the club, ran it like his own corner shop and wouldn't even spring for bug spray, Randy kept in the background and put in a great deal of his own dosh - only for us to be in a worse state than we were previously. Go figure. Link to comment Share on other sites More sharing options...
TRO Posted May 29, 2016 Share Posted May 29, 2016 Aston Villa Fc the modern day enigma. Link to comment Share on other sites More sharing options...
briny_ear Posted May 29, 2016 Share Posted May 29, 2016 2 hours ago, blandy said: No. the accounts show that is not the case. Outside players, the Highest paid person was Tom Fox, who for some unfathomable reason was on over a million quid a year. Randy Lerner didn't pay himself anything throughout the time he owned the club. He really did spend an absolute ton making a mess of the club. I suspect the Randy Lerner/Aston Villa story is being honed as a (how to screw things up) case study on business management training courses even as we talk about this. Link to comment Share on other sites More sharing options...
blandy Posted May 30, 2016 Moderator Share Posted May 30, 2016 16 hours ago, briny_ear said: I suspect the Randy Lerner/Aston Villa story is being honed as a (how to screw things up) case study on business management training courses even as we talk about this. To be honest, I think what he did, and more importantly didn't do is pretty straightforward. There are an awful lot of well meaning people who through lack of expertise or poor judgement and an unwillingness to listen to or employ wise people end up losing large amounts of money and screwing up in business. As far as Dr T goes, I hope that he doesn't repeat similar failings. 1 Link to comment Share on other sites More sharing options...
HanoiVillan Posted May 30, 2016 Share Posted May 30, 2016 25 minutes ago, blandy said: To be honest, I think what he did, and more importantly didn't do is pretty straightforward. There are an awful lot of well meaning people who through lack of expertise or poor judgement and an unwillingness to listen to or employ wise people end up losing large amounts of money and screwing up in business. As far as Dr T goes, I hope that he doesn't repeat similar failings. I hope Dr T brings us success, whether he makes money or not doing so is not something I massively give a shit about to be honest. Link to comment Share on other sites More sharing options...
blandy Posted May 30, 2016 Moderator Share Posted May 30, 2016 2 hours ago, HanoiVillan said: I hope Dr T brings us success, whether he makes money or not doing so is not something I massively give a shit about to be honest. Success brings rewards and failure brings losses. Link to comment Share on other sites More sharing options...
Dr_Pangloss Posted May 30, 2016 Share Posted May 30, 2016 15 minutes ago, blandy said: Success brings rewards and failure brings losses. Not always, Ambramovic has probably not made much, if anything, from his 'investment' in Chelsea. 1 Link to comment Share on other sites More sharing options...
ozvillafan Posted May 30, 2016 VT Supporter Share Posted May 30, 2016 2 minutes ago, Dr_Pangloss said: Not always, Ambramovic has probably not made much, if anything, from his 'investment' in Chelsea. True, but you are limiting "rewards" to money only. 2 Link to comment Share on other sites More sharing options...
Popular Post krisagg75 Posted May 30, 2016 Popular Post Share Posted May 30, 2016 he's stayed out of prison. 7 Link to comment Share on other sites More sharing options...
blandy Posted May 30, 2016 Moderator Share Posted May 30, 2016 3 hours ago, Dr_Pangloss said: Not always, Ambramovic has probably not made much, if anything, from his 'investment' in Chelsea. No, you're right he hasn't. He's about half a billion down, probably. Wonder how much he could sell Chelsea for though? And as krisagg75 says, he's got other benefits from his ownership. Same with the Man City owner, but as a general rule successful clubs make money and failing ones lose money. Link to comment Share on other sites More sharing options...
HanoiVillan Posted May 30, 2016 Share Posted May 30, 2016 To be clear, I'm not averse to Xia making money, I just don't care either way. Well, I suppose I hope he doesn't end up homeless or anything, that would suck, but within reasonable parameters I really don't care about his wealth, except in as much as it affects Villa. 3 Link to comment Share on other sites More sharing options...
villa4europe Posted May 30, 2016 Share Posted May 30, 2016 5 hours ago, Dr_Pangloss said: Not always, Ambramovic has probably not made much, if anything, from his 'investment' in Chelsea. kept him away from a bowl of polonium soup though... 3 Link to comment Share on other sites More sharing options...
Recommended Posts