Jareth Posted June 12, 2018 VT Supporter Share Posted June 12, 2018 Useful pointer but not very ITK, as you'd think they might know the outcome Link to comment Share on other sites More sharing options...
sidcow Posted June 12, 2018 VT Supporter Share Posted June 12, 2018 (edited) 9 hours ago, omariqy said: Can't imagine anyone will want to buy the club once they do DD. They will find a club with massive cash flow issues, spiralling wage bill and mortgaged up to its neck. How can the wage bill be spiralling when the 4 of the highest 6 or 7 wage earners have just left the club? I would think they would see a wage bill in free fall downwards massively this season, and more enormous savings on the horizon next year when Richards and Jedanik departs these shores. That would seem an extremely attractive proposition to me! Edited June 12, 2018 by sidcow 1 Link to comment Share on other sites More sharing options...
omariqy Posted June 12, 2018 Share Posted June 12, 2018 1 minute ago, sidcow said: How can the wage bill be spiralling when the 4 of the highest 6 or 7 wage earners have just left the club? I would think they would see a wage bill in free fall downwards massively this season, and more massive savings on the horizon next year when Richards and Jedanik departs these shores. That would seem an extremely attractive proposition to me! It's still £15m too high for a Championship club. The main issue for me is the debt. We've apparently mortgaged a lot of our assets and have taken out further loans. Surely any prudent buyer would wait for us to go into administration before buying? 1 Link to comment Share on other sites More sharing options...
daggy_333 Posted June 12, 2018 Share Posted June 12, 2018 1 minute ago, omariqy said: It's still £15m too high for a Championship club. The main issue for me is the debt. We've apparently mortgaged a lot of our assets and have taken out further loans. Surely any prudent buyer would wait for us to go into administration before buying? Depends I suppose, waiting for administration would incur a points deduction which would increase the possibility of relegation which would devalue the club even further? Link to comment Share on other sites More sharing options...
Jareth Posted June 12, 2018 VT Supporter Share Posted June 12, 2018 (edited) Schuuuurely anybody who has been taking note of last season and the upcoming one can see the value of keeping Jack Grealish at the club AND the monetary value of him leaving the club. If Jack is out of the equation before a sale then the club is a different beast, hopes of promotion anytime soon recede, cash value of assets down by £30 mill or so. It's also not a great situation re wages, but this is actually a better squad for this league than the one which got relegated, despite the impending sales. Parachute monies spent, there is still an awful lot to work with at Villa, especially if you can steer us through this season intact - as technically there'd be a permissable £13mill loss to make in 2019/20. Someone's gotta fancy it! Edit - £30 mill yer say? That's a Grealish sized investment... Edited June 12, 2018 by Jareth Link to comment Share on other sites More sharing options...
hippo Posted June 12, 2018 Share Posted June 12, 2018 Oi - Dr Tony ......do you wear a Bra ? Link to comment Share on other sites More sharing options...
jacketspuds Posted June 12, 2018 Share Posted June 12, 2018 I would be very surprised if he got an investment. Who would put 30m quid in to get equity in a mis-managed club. Surely you would want full control or none at all. I certainly wouldn't trust Xia. Link to comment Share on other sites More sharing options...
villa89 Posted June 12, 2018 Share Posted June 12, 2018 2 minutes ago, jacketspuds said: I would be very surprised if he got an investment. Who would put 30m quid in to get equity in a mis-managed club. Surely you would want full control or none at all. I certainly wouldn't trust Xia. Definitely. Who would invest £30m for a share of a club that's being run by a fool? Just wait for it to go bust and then step in for full control. Link to comment Share on other sites More sharing options...
hippo Posted June 12, 2018 Share Posted June 12, 2018 2 minutes ago, jacketspuds said: I would be very surprised if he got an investment. Who would put 30m quid in to get equity in a mis-managed club. Surely you would want full control or none at all. I certainly wouldn't trust Xia. Yes - a daft story I think its a primer for selling the training ground or even the ground and try to spin it as an investment. Link to comment Share on other sites More sharing options...
Jareth Posted June 12, 2018 VT Supporter Share Posted June 12, 2018 Link to comment Share on other sites More sharing options...
striker Posted June 12, 2018 Visiting Supporter Share Posted June 12, 2018 (edited) Wish to apologise for asking what to me is a simple layman questions. What happened to all the finance Xia reportedly had when first buying the club? None of this makes sense unless Xia’s reported wealth was based on Monopoly money? Surely a man of his rumoured wealth wouldn’t have all his money in one basket, I.e China? Edited June 12, 2018 by striker Link to comment Share on other sites More sharing options...
imavillan Posted June 12, 2018 Share Posted June 12, 2018 4 minutes ago, striker said: Wish to apologise for asking what to me is a simple layman questions. What happened to all the finance Xia reportedly had when first buying the club? None of this makes sense unless Xia’s reported wealth was based on Monopoly money? Surely a man of his rumoured wealth wouldn’t have all his money in one basket, I.e China? This........ Link to comment Share on other sites More sharing options...
hippo Posted June 12, 2018 Share Posted June 12, 2018 (edited) 6 minutes ago, striker said: Wish to apologise for asking what to me is a simple layman questions. What happened to all the finance Xia reportedly had when first buying the club? None of this makes sense unless Xia’s reported wealth was based on Monopoly money? Surely a man of his rumoured wealth wouldn’t have all his money in one basket, I.e China? Here is your answer. I think he brought villa with a loan - now he has owned for 2 years those repayments kick in - probably at very high interest rates. Wyness was asked to raise funds NOW - so he outsourced the catering and probably other stuff - we are mortgaged to the hilt ! Not a finance person though so its just a theory at the moment. Edited June 12, 2018 by hippo Link to comment Share on other sites More sharing options...
Hoof hearted Posted June 12, 2018 Share Posted June 12, 2018 6 minutes ago, hippo said: Here is your answer. I think he brought villa with a loan - now he has owned for 2 years those repayments kick in - probably at very high interest rates. Wyness was asked to raise funds NOW - so he outsourced the catering and probably other stuff - we are mortgaged to the hilt ! Not a finance person though so its just a theory at the moment. Link to comment Share on other sites More sharing options...
omariqy Posted June 12, 2018 Share Posted June 12, 2018 30 minutes ago, Jareth said: So it seems Wyness contract was varied the day before the playoff final on the 25th. Jeez. If they have removed the restriction that means the expect new investment/buyers to come in? Link to comment Share on other sites More sharing options...
Jareth Posted June 12, 2018 VT Supporter Share Posted June 12, 2018 1 minute ago, omariqy said: So it seems Wyness contract was varied the day before the playoff final on the 25th. Jeez. If they have removed the restriction that means the expect new investment/buyers to come in? I think this guy is legit, does not seem a trouble maker. If so then we're getting a little bit more of the story. Tony must be adamant about finding investment, or at least has restructured to make it possible . Link to comment Share on other sites More sharing options...
sidcow Posted June 12, 2018 VT Supporter Share Posted June 12, 2018 So we were told that these documents on companies house were really key, and once they appeared on Companies House we would actually understand what is happening. Does anyone understand what they actually mean? What they imply might be happening? Link to comment Share on other sites More sharing options...
tonyh29 Posted June 12, 2018 Share Posted June 12, 2018 56 minutes ago, Jareth said: I think this guy is legit, does not seem a trouble maker. If so then we're getting a little bit more of the story. Tony must be adamant about finding investment, or at least has restructured to make it possible . all he's done is take the documents off companies house website that anyone can view (indeed i'm looking at them right now) , how legit do you need to be Link to comment Share on other sites More sharing options...
Jareth Posted June 12, 2018 VT Supporter Share Posted June 12, 2018 3 minutes ago, tonyh29 said: all he's done is take the documents off companies house website that anyone can view (indeed i'm looking at them right now) , how legit do you need to be He did before anyone else, at least before those talking up the importance of these docs.. Link to comment Share on other sites More sharing options...
jim Posted June 12, 2018 Share Posted June 12, 2018 Jeez the good doctor is looking more and more like a fraud as they days go by. 2 Link to comment Share on other sites More sharing options...
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