Tony Xia (no longer involved with AVFC)

[sidcow]

10 minutes ago, Tayls said:

Where are people seeing this stuff because the last thing I can see on companies house is Keith being given the boot... 

You are looking at the wrong company.  It's the one about 3 or 4 down the list, can't remember the exact name.  There are loads of Aston Villa companies for all sorts of things

[TheEgo]

1 minute ago, sidcow said:

You are looking at the wrong company.  It's the one about 3 or 4 down the list, can't remember the exact name.  There are loads of Aston Villa companies for all sorts of things

Aston Villa Football Club Ltd

Company Results (links open in a new window)

Date(document was filed at Companies House)	Description(of the document filed at Companies House)	View / Download(PDF file, link opens in new window)
26 Jun 2018	Statement of capital following an allotment of shares on 25 May 2018 GBP 142,061,725	View PDF Statement of capital following an allotment of shares on 25 May 2018 GBP 142,061,725 - link opens in a new window - 3 pages(3 pages)

 

https://beta.companieshouse.gov.uk/company/03375789/filing-history

Edited June 26, 2018 by TheEgo

[lapal_fan]

YESSSSS ONE HUNDRED AND FORTY TWO MILLION BIG ONES!!! 

Maybe Xia has won the Lotto or something!!!?!?!?!?!?!?!

Can't wait for Bruce to spunk those eggs on some mega star!   

Everything is coming up MILLHOUSE!! WOOOOOHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOoooooooOOOOOOoooooOOOOOooooooooooooooo *big breath* OOoooOOOOOOOOOOOOOOOOOOOOOOOOOOOoooooooooooooooooooooOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!

Edited June 26, 2018 by lapal_fan

[hippo]

2 minutes ago, lapal_fan said:

YESSSSS ONE HUNDRED AND FORTY TWO MILLION BIG ONES!!! 

Maybe Xia has won the Lotto or something!!!?!?!?!?!?!?!

Can't wait for Bruce to spunk those eggs on some mega star!   

Everything is coming up MILLHOUSE!! WOOOOOHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOoooooooOOOOOOoooooOOOOOooooooooooooooo *big breath* OOoooOOOOOOOOOOOOOOOOOOOOOOOOOOOoooooooooooooooooooooOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!

He's had a PPI refund on all those loans (yes i know its been done !)

[hippo]

#planningforthemeparkgranted 

[KSV]

Doesn't this mean he's made available for purchase of 49% of the club and he remains the owner. I don't think someone bought the club. At least something is happening. Looks like recon will be chipping in imo

[TheEgo]

2 minutes ago, hippo said:

#planningforthemeparkgranted 

We have the right manager for #JurrasicPark **Tin foil hat at the ready**

[TheEgo]

1 minute ago, KSV said:

Doesn't this mean he's made available for purchase of 49% of the club and he remains the owner. I don't think someone bought the club. At least something is happening. Looks like recon will be chipping in imo

No as 57m of new shares isn't 49% I've seen that tweet, it's not true. IF Recon are 'chipping in'  be worried. They've had this past month and more too. Where has @Deisler123 gone. Whatever happened to that 50m GDP loan approval? (this would be bad, as just more debt)

[ViewFromT2]

Recon Group UK is showing 69,459,889 shares. It was 1 share before.

Didn't Xia buy Villa for around this £69m mark?....probably grabbing at straws and hoping beyond all hope that all this means he is selling up.

[KSV]

1 minute ago, TheEgo said:

No as 57m of new shares isn't 49% I've seen that tweet, it's not true. IF Recon are 'chipping in'  be worried. They've had this past month and more too. Where has @Deisler123 gone. Whatever happened to that 50m GDP loan approval? (this would be bad, as just more debt)

But Tony owns recon.. so he owes himself does he not? Who knows.. it's a bit up in the air at this stage.

[jim]

1 hour ago, Jareth said:

 

So looks as though the good Dr has sold 49% of the club.

Edited June 26, 2018 by jim

[hippo]

2 minutes ago, KSV said:

Doesn't this mean he's made available for purchase of 49% of the club and he remains the owner. I don't think someone bought the club. At least something is happening. Looks like recon will be chipping in imo

I think Xia can sell as any many or as little shares as he wishes. I can not see anyone buying 49% of Aston Villa - and then have no effective control over the club.

Xia might want to only sell 49% - but he might be forced to sell a controlling interest - or continue to cover the shortfall each month.

Lerner did something similar - But I think the sale came a good while after that. Hope I am wrong but don't think that filing today means a sale is imminent. 

[TheEgo]

Just now, KSV said:

But Tony owns recon.. so he owes himself does he not? Who knows.. it's a bit up in the air at this stage.

No he doesn't he owns about 18% this is a huge misconception by fans. He is chairman. Recon is owned by many other holding companies too, all very confusing, which isn't untypical in Chinese business apparently 

[jim]

3 minutes ago, KSV said:

But Tony owns recon.. 

Recon.com yeah

[TheEgo]

1 minute ago, jim said:

So looks as though the good Dr has sold 49% of the club.

No he hasn't. The shares have been allocated to HIMSELF = (at this stage at least) and 49% isn't 57m when there is already 83m shares in existence. I'd 'guess' it's a paperwork exercise and that he's converting debt to equity in order to help sell or get investment. 

[hippo]

3 minutes ago, KSV said:

But Tony owns recon.. so he owes himself does he not? Who knows.. it's a bit up in the air at this stage.

I don't think he does. In any case somebody posted last week that recon is basically 3 loss making companies.  

Someone drilled down that Teamax actually own recon - and xia has an 18% stake in Teamax.

 

[TheEgo]

2 minutes ago, hippo said:

I think Xia can sell as any many or as little shares as he wishes. I can not see anyone buying 49% of Aston Villa - and then have no effective control over the club.

Xia might want to only sell 49% - but he might be forced to sell a controlling interest - or continue to cover the shortfall each month.

Lerner did something similar - But I think the sale came a good while after that. Hope I am wrong but don't think that filing today means a sale is imminent. 

What I will say is for instance if we were in a NDA period and Due Diligence was about to proceed, converting debt to equity would certainly make the balance sheets look better. I await some of the more finance savvy posters to post. I think we could be close to a "I'm in talks to sell" type statement, however a sale wouldn't be imminent, but said buyer could invest if they know enough and are willing as a preemptive move for a full sale.

[WaccoeOnline]

49 minutes ago, VillaChris said:

Was that at the time Warnock was your manager? I remember in his excellent book he said Ken Bates appointed him and the next week sold the club and the next owners barely had any money although I don't know Leeds ownership line of succession to know if that was GFH.

Always struck me as odd the success Warnock had in the past and now at Cardiff and yet he did nothing at Leeds the 18 months he was there and eventually the Leeds fans were chanting for him to be sacked.

Pretty similar to Steve Bruce!

Warnock is another story.  True that Bates stripped the club bare then sold to a bunch of chancers from a boiler room operation in Bahrain (who had managed somehow to get in on a much bigger deal that might have seen us bought by PSG level owners, but cocked it up so much the dare to dream prospective owner walked away leaving us with the brokers not the money).

To be fair it started out ok with Warnock, and he seemed to get on with the fans.  But it quickly turned sour as he refused to travel up to Leeds a lot of the time, preferring his cottage in Cornwall, spending only 3 days a week with the club and leaving the rest to the likes of Keith Curle to run for him.  He brought in some of his old mates - Michael Brown, Paddy Kenny, Michael Tonge - and played them regardless of performance (there were lots of rumours as to why), whilst neglecting the youth who were the talent at the club.  We - somehow - managed to loan a young Ross Barkley for a season and Warnock left him on the bench in favour of his abject mates.  

Final nail in the coffin was a deeply dodgy deal in which he swapped club icon/hero striker Luciano Becchio to Norwich for Steve Morison.  After Becchio had scored 20 goals for the club by Christmas.  Morison scored almost none for us, and we struggled for the rest of the season, with the crowd on his back, and him doing his best to alienate all those around him.

He probably hated it at Leeds.  He was recruited, then what remaining talent we had (Snodgrass, etc) were sold from under him, he didn't have much cash to spend on assembling a side.  But he didn't help himself,  and encountered a fanbase who thought he should feel honoured to be allowed to manage the club, whilst he thought we should be grateful for being blessed with his genius.  Given that only months before we were chanting "Warnocks a ****, his wife's a s**g" in his previous jobs, this may not ever have been a marriage that would have worked.

FWIW Leeds succession was

Ridsdale - crashed the club by overspending
Professor Mckenzie (from Leeds business school) - out of his depth, saw us relegated
Gerald Kranser "konsortium" - Leeds based consortium, headed by insolvency specialist, sold the ground, nearly got us out of trouble then lost their nerve and sold to Bates because he was willing to take the mess off their hands without inspecting the books (because -0 presumably - that didn't matter to his plans for financially engineering benefit to himself)
Bates - evil vampire.  A whole book could be written of the sickening stuff he inflicted on us, including dodgy admin, split fanbase, points deduction, numerous dodgy building deals,  asset stripping, failing to buy back ground, relegation to third tier, selling off all our talent shortly after promotion, condemning us to more time in championship when others - Leicester, Norwich, etc leapfrogged us, eventually extracted all the cash he could ran the wreck into the sand.  Indescribeably unpleasant and evil.  Had his own weekly radio show (on his own radio station) which he used to denounce the fanbase for being trouble makers, etc.
GFH - gulf based spivs who it first appeared were fronting for proper money and then grabbed us with no money and no plan beyond trying to "flip" us to the next bunch of marks.  No-one would buy us as we were a basket case, so they got their cash back by forcing us to pay them "management fees" for owning us, using money borrowed at high interest from partner companies of theirs.  At one point things were so bad, our CEO/MD who was an employee of theres was paying bills using his personal credit card (he was a problem case himself, what with Walter Mitty delusions, his own takeover games, spy cameras in the toilets, etc....).  They screwed things up so badly they were desperate not to sell to anyone sane, and managed to find and groom a mad italian who bought without doing sufficient due diligence.
Cellino - genuine lunatic - whether it was cocaine or mental balance issues was never wholly clear.  Sacked all the staff of the club. Employed David Hockaday as manager, bought appalling italian journeymen into the club and split the dressing room, cultivated a cult of personality using social media that split the fanbase into violently opposing factions, brought Verne Troyer into the club.  Ran out of cash and was eventually run out of town selling to
Radrizanni  - our first competent owner (it seems) since 2002/03.  Appears to have stopped the rot and appointed a decent manager (after a first season in charge fiasco).  But - for now - jury is out. 

Writing it all down (and its only partial) brings the full horror of my adult life as a football fan into perspective.  I've pretty much never known a successful Leeds United whilst of age.  If even half of what appears to be happening to you turns out as it might, you may have a long tunnel ahead.

Edited June 26, 2018 by WaccoeOnline

[lapal_fan]

16 minutes ago, hippo said:

#planningforthemeparkgranted 

[TheEgo]

2 minutes ago, hippo said:

I don't think he does. In any case somebody posted last week that recon is basically 3 loss making companies.  

Someone drilled down that Teamax actually own recon - and xia has an 18% stake in Teamax.

 

It was me and this is indeed true.