Jump to content

Tony Xia (no longer involved with AVFC)


Vancvillan

Recommended Posts

You don't allow people to do Due Dillegence on your business without reaching some kind of agreement. 

I think the couple of posters who have heard rumours are getting slightly ahead of the game.

Link to comment
Share on other sites

7 minutes ago, mykeyb said:

You don't allow people to do Due Dillegence on your business without reaching some kind of agreement. 

I think the couple of posters who have heard rumours are getting slightly ahead of the game.

So we actually know there is due diligence going on then? Or has that just been touted on here, coz I can't find nowt about it elsewhere.

  • Like 2
Link to comment
Share on other sites

20 minutes ago, romavillan said:

Where has it been said that a price has been agreed? Only in here? Or out there in the real world?

Turn left at the land of make believe , straight on until you hit Narnia and fantasyland is just on your right 

  • Haha 2
Link to comment
Share on other sites

7 minutes ago, romavillan said:

So we actually know there is due diligence going on then? Or has that just been touted on here, coz I can't find nowt about it elsewhere.

Nope, I don't think Xia has even spoke to any potential buyers let alone agreed a fee

Link to comment
Share on other sites

A sober thought, could it be so that the gamble we took to try and reach the PL wasn't that bad a decision after all? We had a very high wage bill and would run out of money in two years, so what would be the best approach?

A ) Start cost cutting the first year and not invest the parachute money. It would probably mean that we would settle for being a mid table Championship team a couple of years in order to be sustainable when the parachute money ends. Then we could build on that and try to reach the PL in a couple of years

B ) Use the parachute money to make a serious attempt to go up the first or second year. If it fails we start the cost cutting and change strategy after two years.

Now whilst throwing all money away on trying to reach the PL might seem to be bad decison making, but it was perhaps rather a question of when the serious cost cutting would start, year one or year three. I bet the new owner would have problems selling it in to the fans that we would directly start cost cutting and settle for being a mid Championship team. I think there would have been big discontent amoung the fans.

Sure, we could have saved some more money, and we could have spent it more wisely, but the basic strategy of giving the PL a shot at the first och second season was perhaps not such a bad decision after all. And if it is correct that we have lowered the wage bill from £80-90M to arbound £50M and also made profit on player transfers, we have actually both managed to cut costs and make a serious shot of being promoted.

I still in the sentiment that I want Xia and Wyness and the others responsible to be hanged, but perhaps the basic strategy wasn't that bad after all?

Edited by Keener window-cleaner
  • Like 1
Link to comment
Share on other sites

<blockquote class="twitter-tweet"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/avfc?src=hash&amp;ref_src=twsrc%5Etfw">#avfc</a> Steady the ship,implement cost cutting measures,player sales and fund the club short term. Buyer sought and sale will happen ASAP.<br>Talks with buyers already underway.<br>More to follow.... <a href="https://t.co/VwZ9OSudPM">pic.twitter.com/VwZ9OSudPM</a></p>&mdash; thatcherlover (@thatcherlover) <a href="https://twitter.com/thatcherlover/status/1006157304901840896?ref_src=twsrc%5Etfw">June 11, 2018</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Link to comment
Share on other sites

×
×
  • Create New...
Â