wilko154 Posted June 25, 2018 Share Posted June 25, 2018 6 minutes ago, mykeyb said: We aren't selling players at the moment as I suspect getting investors interested is easier with Freakish and Chester in the squad rather than without them, however that position cannot continue. I thought we had already gotten rid of Lescott?! Link to comment Share on other sites More sharing options...
mykeyb Posted June 25, 2018 Share Posted June 25, 2018 @TheEgo please don't tell me your source is Thatcherlover on Twitter........ Link to comment Share on other sites More sharing options...
Keener window-cleaner Posted June 25, 2018 Share Posted June 25, 2018 2 hours ago, av1 said: Taxi for Xia. Dr Tony went to BMH in a taxi uber, brought us back a lot of debt, now we're going under. 1 Link to comment Share on other sites More sharing options...
hippo Posted June 25, 2018 Share Posted June 25, 2018 (edited) Dr Tony came to villa one summer he ran on the pitch - the turf he was kissin 6 months later we aint got a pot to piss in Edited June 25, 2018 by hippo error Link to comment Share on other sites More sharing options...
briny_ear Posted June 25, 2018 Share Posted June 25, 2018 Tony Tony Tony Xia How we wonder where you are... 1 Link to comment Share on other sites More sharing options...
mikeyp102 Posted June 25, 2018 Share Posted June 25, 2018 Apparently, we have taken out an overdraft from Macquarie bank (taken from a Facebook page with a photo from Companies House).... no idea what that means or if true Link to comment Share on other sites More sharing options...
DCJonah Posted June 25, 2018 Share Posted June 25, 2018 9 minutes ago, mikeyp102 said: Apparently, we have taken out an overdraft from Macquarie bank (taken from a Facebook page with a photo from Companies House).... no idea what that means or if true Fake news. All we did was miss one little bill. Everything is fine. 1 Link to comment Share on other sites More sharing options...
hippo Posted June 25, 2018 Share Posted June 25, 2018 14 minutes ago, mikeyp102 said: Apparently, we have taken out an overdraft from Macquarie bank (taken from a Facebook page with a photo from Companies House).... no idea what that means or if true A picture starting to come together - its all very Leeds http://www.ftseglobalmarkets.com/news/leadership-changes-at-macquarie-infrastructure-debt-investment-solutions.html "Kit Hamilton and Tim Humphrey have been appointed co- heads of Macquarie’s global infrastructure debt asset management business, Macquarie Infrastructure Debt Investment Solutions (MIDIS)" Link to comment Share on other sites More sharing options...
Tayls Posted June 25, 2018 Share Posted June 25, 2018 (edited) All of this because frigging Trevor in accounts ballsed up a payment! Screw you Trevor, you melt! You wouldn’t get this from Keith in Marketing. Edited June 25, 2018 by Tayls Link to comment Share on other sites More sharing options...
briny_ear Posted June 25, 2018 Share Posted June 25, 2018 17 minutes ago, DCJonah said: Fake news. All we did was miss one little bill. Everything is fine. At the very least, we shouldn’t rush to judgement until Tony has put out a statement explaining in detail what has been going on. Link to comment Share on other sites More sharing options...
Rob182 Posted June 25, 2018 Share Posted June 25, 2018 SarcasticTalk is good reading tonight. Lots of clever and witty insight. Link to comment Share on other sites More sharing options...
Zatman Posted June 25, 2018 Share Posted June 25, 2018 still no tweets? Link to comment Share on other sites More sharing options...
DCJonah Posted June 26, 2018 Share Posted June 26, 2018 7 hours ago, Rob182 said: SarcasticTalk is good reading tonight. Lots of clever and witty insight. You're right, it is adding nothing. But then I don't think mocking, insulting or dismissing concerns and questions raised when all this started added much clever and witty insight either. Link to comment Share on other sites More sharing options...
WaccoeOnline Posted June 26, 2018 Visiting Supporter Share Posted June 26, 2018 (edited) This is the Companies House document most recently filed. It isn’t an overdraft. Rather it’s confirmation you’ve sold your future rights to income from Carlos Sanchez Moreno transfer to Macquarie. https://beta.companieshouse.gov.uk/company/02502822/charges/wJGR7sRMqGKJRm9YT_T8bQEcIHw I’m not sure this is news anyway, is it? Cash must have been tight this month-end as it doesn’t look like it brought forward significant cash. Basically signed over the right to £1m expected on 5 July 2018 and £750k due on 5 Jan 2019. Of course that leaves you £1m down on expected cash flow for July. And who cares about January. Even before you consider the sort of fee Macquarie will have extracted for advancing you the cash. Eerily familiar from a Leeds perspective. If there is any consolation, Ken Bates did much the same at Leeds stripping out pretty much all releasable cash before he finally flogged the club. So you might be about to sell. Mind you so did GFH before nearly taking us into another admin because there was no money left to pay our bills. Have you had any reports locally of contractors not being paid? We ended up with half of our training pitches out of action when we had enough money to get them dug up but not enough to get them relaid... Presumeably your brilliant season ticket sales (compared to us) won’t help as you’ll have spent it already, meaning that at the one point in the year when you should be swimming with cash you’re already skint and things can only get worse. Although iirc at Leeds the finance company doing the loans to fans for our season ticket sales only paid out in tranches as the season went on to avoid any liability if we went bust mid-season and were unable to fulfil our fixtures. That was comforting at the time... Edited June 26, 2018 by WaccoeOnline 4 Link to comment Share on other sites More sharing options...
Rob182 Posted June 26, 2018 Share Posted June 26, 2018 24 minutes ago, DCJonah said: You're right, it is adding nothing. But then I don't think mocking, insulting or dismissing concerns and questions raised when all this started added much clever and witty insight either. There’s a difference between ‘mocking/insulting/dismissing’ and deciding not to believe every report that leaks out of the arsehole of the gutter trash. As I’ve said all along, there are things we can’t refute, such as Keith’s sacking, the missed tax bill and now a €1.75m Carlos Sancez loan payment being cashed in 1 month early (for half, 6 months early for the other half). But I’m still inclined to wait and see what transpires before I start calling Xia broke. The fact that someone disagrees with you, and doesn’t appreciate the constant scoffing (oh, and sarcastic comments?) at that different opinion doesn’t make it ridicule. 1 Link to comment Share on other sites More sharing options...
Rob182 Posted June 26, 2018 Share Posted June 26, 2018 You’re right @WaccoeOnline that’s not exactly news. A lot of places seem to be incorrectly reporting that that document relates to Jordan Veretout’s transfer to Fiorentina, but it doesn’t. It relates to Carlos Sanchez’s loan move to Fiorentina in 2016. We were due to receive €1m in July and the other €750,000 next January. When cash flow is a problem, this seems like a viable solution. The only concern will be how much we paid in fees (which I would guess is fairly low), and the fact that there are cash-flow problems at all. Link to comment Share on other sites More sharing options...
WaccoeOnline Posted June 26, 2018 Visiting Supporter Share Posted June 26, 2018 (edited) 5 minutes ago, Rob182 said: There’s a difference between ‘mocking/insulting/dismissing’ and deciding not to believe every report that leaks out of the arsehole of the gutter trash. As I’ve said all along, there are things we can’t refute, such as Keith’s sacking, the missed tax bill and now a €1.75m Carlos Sancez loan payment being cashed in 1 month early (for half, 6 months early for the other half). But I’m still inclined to wait and see what transpires before I start calling Xia broke. The fact that someone disagrees with you, and doesn’t appreciate the constant scoffing (oh, and sarcastic comments?) at that different opinion doesn’t make it ridicule. To be fair as a relative expert in seeing a much loved club fall apart, doing a deal to bring forward £1m of cash from 5 July to mid June suggests that you are in very serious trouble. This isn’t normal behaviour and suggests you’ve maxed out overdrafts (or had facilities suspended) and already spent the season’s season ticket cash. Given high season ticket sales your match day walk up income will be lower. Meaning even more problems through the autumn. Another fun experience we had with the incompetent vampires who wrecked out club. Edited June 26, 2018 by WaccoeOnline 4 Link to comment Share on other sites More sharing options...
DCJonah Posted June 26, 2018 Share Posted June 26, 2018 7 minutes ago, Rob182 said: There’s a difference between ‘mocking/insulting/dismissing’ and deciding not to believe every report that leaks out of the arsehole of the gutter trash. As I’ve said all along, there are things we can’t refute, such as Keith’s sacking, the missed tax bill and now a €1.75m Carlos Sancez loan payment being cashed in 1 month early (for half, 6 months early for the other half). But I’m still inclined to wait and see what transpires before I start calling Xia broke. The fact that someone disagrees with you, and doesn’t appreciate the constant scoffing (oh, and sarcastic comments?) at that different opinion doesn’t make it ridicule. Should have made it clear, my post was not referring to you. I don't believe you are someone who has mocked or insulted on here. I'm not sure many are calling him broke. But there are clearly cash issues and it's becoming more of a concern that he was not truthful when he bought us and has kept up this mythical wealth since. Link to comment Share on other sites More sharing options...
Popular Post blandy Posted June 26, 2018 Moderator Popular Post Share Posted June 26, 2018 5 minutes ago, WaccoeOnline said: .....doing a deal to bring forward £1m of cash from 5 July to mid June suggests that you are in very serious trouble. This isn’t normal behaviour and suggests you’ve maxed out overdrafts (or had facilities suspended) and already spent the season’s season ticket cash. Given high season ticket sales your match day walk up income will be lower. Meaning even more problems through the autumn.... Absolutely spot on. The club is in a horrendous situation. It isn’t a minor little difficulty with temporary cash flow, it’s a full on catastropork. 8 Link to comment Share on other sites More sharing options...
Popular Post WaccoeOnline Posted June 26, 2018 Visiting Supporter Popular Post Share Posted June 26, 2018 16 minutes ago, DCJonah said: Should have made it clear, my post was not referring to you. I don't believe you are someone who has mocked or insulted on here. I'm not sure many are calling him broke. But there are clearly cash issues and it's becoming more of a concern that he was not truthful when he bought us and has kept up this mythical wealth since. Its not clear why anyone thinks that Xia has significant cash. It’s like the stupid arguments that were had at Leeds about how much cash Massimo Cellino when loads of the fan base took as fact he was “a billionaire” and therefore “knew what he was doing”. When simple observation and a bit of basic fact checking suggested that - at most - he had a few million to his name. But even at the end when it was clear he didn’t have the cash to take us forward (let alone the sanity) there were those who bought into the myth of his supposed amazing wealth and thought things would work out ok. The same was true with the gulf bank that bought us that turned out to be bankrupt sharks. But loads just saw Arabs and wouldn’t believe they were as dishonest and skint as they turned out to be (essentially running a sharia Ponzi scheme as far as could be worked out). As far back as 2016 serious people were warning about Xia - like this bloke, a staff writer on Forbes https://www.forbes.com/consent/?toURL=https://www.forbes.com/sites/mikeozanian/2016/05/24/aston-villa-and-tony-xia-are-looking-like-ac-milan-with-mr-bee/ Quote The Financial Times reported four days ago: "The Chinese business group which has agreed to buy Aston Villa football club admitted on Friday that it controlled only one listed company, not the five previously claimed in a press release." That's seems like a huge lie to me. The FT story continued by saying "The Recon Group said the mistaken information contained in the press release had been the result of a “miscommunication” with Aston Villa, and they would ask the football club to change the wording of the statement." Whatever. Now, the Telegraph is reporting even more questions about Xia: "Aston Villa's prospective new Chinese owner, has been plagued by claims he fabricated his academic record, while a company he controlled has apparently previously run foul of authorities for providing false information to secure a certificate." The Telegraph continued by saying "Allegations in China that Mr. Xia had falsely claimed to be a professor had been previously brushed off by the Harvard graduate who said the media had exaggerated his academic record. But The Telegraph has obtained a document from Fang Zhouzi, who runs a website exposing false titles in China, which appears to show that a company chaired by Dr Xia had applied for special status from a Chinese province by claiming he was a professor at Harvard between 2001-2." A better question is why did any of you ever think he had sufficient money to run you (as opposed to run you into the ground)? How did so many of your fan base buy into the delusion that he has much cash at all. Mind you, the same happened with us. Humans and hope and all that... But why do some people continue to believe in the face of black and white evidence that you are facing a cash flow crisis (at the very least) at a time when it turns out getting cash out of China isn’t actually a big deal. 5 1 Link to comment Share on other sites More sharing options...
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