A'Villan Posted July 6, 2018 Share Posted July 6, 2018 1 hour ago, TheAuthority said: So the “big reveal” this week was Steve Round leaving?? Did I miss something else? Super daggy training kit release? Link to comment Share on other sites More sharing options...
AVTuco Posted July 6, 2018 VT Supporter Share Posted July 6, 2018 2 hours ago, TheAuthority said: So the “big reveal” this week was Steve Round leaving?? Did I miss something else? Yes, and no. Link to comment Share on other sites More sharing options...
briny_ear Posted July 6, 2018 Share Posted July 6, 2018 2 hours ago, JAMAICAN-VILLAN said: Ironically, You've pretty much described Bruce's tenure there. Well, I described the risk factors when any new manager takes over in a crisis situation. so what makes you so blindingly certain that replacing Bruce would have improved things? Link to comment Share on other sites More sharing options...
briny_ear Posted July 6, 2018 Share Posted July 6, 2018 2 hours ago, TheAuthority said: So the “big reveal” this week was Steve Round leaving?? Did I miss something else? I can’t really say too much. Link to comment Share on other sites More sharing options...
bannedfromHandV Posted July 6, 2018 Share Posted July 6, 2018 1 hour ago, briny_ear said: Well, I described the risk factors when any new manager takes over in a crisis situation. so what makes you so blindingly certain that replacing Bruce would have improved things? Because anyone can do better than SB, including half of the users here apparently. It'll be put to the test if/when SB walks and we hire Mccarthy, Delaney, Smith or Lambert Honestly, I'm hoping I choke on my words and we do go from strength to strength (if SB walks/is sacked), but I don't see it happening right now. 1 Link to comment Share on other sites More sharing options...
Reivax_Villa Posted July 6, 2018 Share Posted July 6, 2018 1 1 Link to comment Share on other sites More sharing options...
Made In Aston Posted July 6, 2018 Share Posted July 6, 2018 On 27/06/2018 at 17:16, Jareth said: Think @TheEgoWhere's @Deisler123 Link to comment Share on other sites More sharing options...
Made In Aston Posted July 6, 2018 Share Posted July 6, 2018 From Howard's tweets looks like Tony is asking for too much. He brought the club relatively debt free (only a modest 20m overdraft), inherited a higher value playing squad and received 65m in parachute payments. Compare that to the situation now where the club is struggling to pay tax and wages, has sold most of its valuable playing assets, 13m in parachute payments and is loading itself with debt to cover the short term trading situation. No way is it worth 80m. 60m would be stretching it tbh. Link to comment Share on other sites More sharing options...
DCJonah Posted July 6, 2018 Share Posted July 6, 2018 1 hour ago, bannedfromHandV said: Because anyone can do better than SB, including half of the users here apparently. It'll be put to the test if/when SB walks and we hire Mccarthy, Delaney, Smith or Lambert Honestly, I'm hoping I choke on my words and we do go from strength to strength (if SB walks/is sacked), but I don't see it happening right now. You keep lying in order to argue. What is wrong with you? Of course it won't. The club is a mess. Partly thanks to Bruce. Link to comment Share on other sites More sharing options...
sheepyvillian Posted July 6, 2018 Share Posted July 6, 2018 18 minutes ago, DCJonah said: You keep lying in order to argue. What is wrong with you? Of course it won't. The club is a mess. Partly thanks to Bruce. 1 hour ago, bannedfromHandV said: Because anyone can do better than SB, including half of the users here apparently. It'll be put to the test if/when SB walks and we hire Mccarthy, Delaney, Smith or Lambert Honestly, I'm hoping I choke on my words and we do go from strength to strength (if SB walks/is sacked), but I don't see it happening right now. How disingenuous. Link to comment Share on other sites More sharing options...
villa89 Posted July 6, 2018 Share Posted July 6, 2018 39 minutes ago, Made In Aston said: From Howard's tweets looks like Tony is asking for too much. Exactly what I expected to happen. Bought the club, gambled on getting promoted quickly and cashing in, failed, now wants to get his money back despite his own mis-management. Link to comment Share on other sites More sharing options...
alreadyexists Posted July 6, 2018 VT Supporter Share Posted July 6, 2018 An open letter from Dr T Link to comment Share on other sites More sharing options...
MrSmirch Posted July 6, 2018 Share Posted July 6, 2018 I’ve got every faith, the blokes a genius. Hopefully he’ll give me a job too. Link to comment Share on other sites More sharing options...
rbcuk Posted July 6, 2018 Share Posted July 6, 2018 I don’t like point 9 of his open letter Link to comment Share on other sites More sharing options...
WaccoeOnline Posted July 6, 2018 Visiting Supporter Share Posted July 6, 2018 (edited) Its pretty clear now that Xia doesn’t have the sources of cash to fund your club and probably never has. The money that has gone into Villa since his purchase has all been parachute payments, fresh debt or asset sales. If he wants to hold on for it’s for a couple of reasons (1) he can’t afford to sell at the loss he would have to sell at, it would wipe him out given that his Chinese interests are all **** as well; and (2) given that he might as well cling on in the hope something turns up. The likely (if grim) truth for you guys is that catastrophic administration at Villa is no worse for Xia than a sale at fair value so for him the rational thing to do is keep his claws in on the off chance someone turns up to offer more than take the club and it’s debts off him for a penny (or whatever your real net worth is at the moment). Of course his ideal scenario is that someone buys a minority stake in the club in exchange for injecting a load of cash. But only another delusional lunatic would buy in on those terms. And you don’t need another delusional lunatic owner. So you sell Grealish and Chester for the highest upfront fee you can manage as distressed sellers. Perhaps £15m in total, which should enable you to make it through to October at their current burn rate. Given loans have all disappeared off, it doesnt leave you with much of a team. You can’t afford to sack Bruce so he’ll hang around until a better offer comes in or go through the motions. In the meantime the club’s infrastructure will be gutted - didn’t another senior backroom guy leave today/yesterday?And I guess you hope that what turns up isn’t mid season meltdown, relegation and admin...:( Edited July 6, 2018 by WaccoeOnline Link to comment Share on other sites More sharing options...
Djemba_Villan Posted July 6, 2018 Share Posted July 6, 2018 Open letter seems to have caused the website to crash. Can anyone share it who has it open? 1 Link to comment Share on other sites More sharing options...
markavfc40 Posted July 6, 2018 Share Posted July 6, 2018 Quote Open Letter from Dr Tony Xia Aston Villa to begin streaming on Instagram TV Dear supporter, Firstly, I would like to thank you for your patience during what has been an uncertain period on and off the pitch for the club. Losing out on promotion to the Premier League was a disappointment to us all – not least you, the fans, whose support took us to the brink of promotion. I would like to apologise for the lack of communication in recent weeks. This has been largely as a consequence of the many business decisions that have been required to be taken as the implications of losing the play-off final become a reality that we must face. I am now in a position to provide a comprehensive update on the club’s situation in the hope that we can continue our preparation for the season ahead with renewed focus and determination. For the avoidance of doubt, I remain a proud and committed owner of this football club and with that accept and embrace the responsibilities to the fans, players and staff. In recent weeks there have been changes at senior management level and these changes have been made with the intention of establishing a focused, calculated approach. Of course, given the financial realities, it would be prudent of us to be open and receptive to any potential minority strategic investment that would aid our objectives to consolidate after a tumultuous summer and ultimately achieve our ambition of returning to the Premier League. We will be very selective in any discussions to ensure that the club’s best interests remain the focal point. Having assumed the role of acting CEO, I have been working closely with the senior management team to improve efficiency and effectiveness. A more measured approach will enable us to overcome the implications of Financial Fair Play after two years of significant investment in the football department. We need to generate sufficient revenue to ensure the smooth-running of the club without compromising the standards of this great institution. With that comes a reality check over performance and expectation for the season ahead but also the opportunity to work smartly in the transfer market, bring through young talent and draw on the experience of our manager. I have had numerous conversations with Steve Bruce in recent weeks, which only reinforced how fortunate we are to have someone of his experience and standing in the game. His leadership will be important for us on the field, as a club and as a community and I thank him for his loyalty. These qualities will be essential as we begin a new season with the fresh hope and expectation it inevitably brings. While we would never want to compromise our ambitions, we must however be prepared to do so in a measured and realistic manner, hence the necessary business decisions I have outlined. Lastly, I am aware that there are a number of stories being written about the club and to be definitive I would like it to be known that: 1. I have not put the club up for sale 2. I would consider minority investment stakes that bring strategic value to the club to help us achieve our goals but this will be considered extremely carefully 3. I have not received an offer of 51% 4. I have received an offer of 30% but we did not believe there was strategic value and we did not know the source of the money 5. We have been approached numerous times and we have turned away numerous approaches 6. FFP is a burden and we need to work within the defined parameters over the course of the next 12 months and beyond and as we have done in the previous 12 months 7. To be clear, to meet FFP we need to player trade. No shareholding sale of any size will contribute to meeting FFP. We must reduce costs and increase revenue 8. Selling any size of shareholding in the club will not aid in respect to FFP 9. Steve Bruce remains in charge with my support 10. There is significant football experience within our playing department and our football administration team who will be supported by the club admin team 11. I have made significant investments into the club and all loans provided up to 31st May have now been converted into equity as part of the club’s compliance with FFP rules 12. We are bank loan free but continue to evaluate opportunities to create sensible solutions with regards to financing as is common in most business practises 13. The EFL have shown no concern over the ‘lack of football experience within the club’ 14. Work continues at pace at the Recon Training Complex as a result of the HS2 project 15. Work continues on the pitch at Villa Park and is on schedule I would like to once again thank you for all your support. Dr Tony Xia Open Letter 1 1 Link to comment Share on other sites More sharing options...
rodders0223 Posted July 6, 2018 Share Posted July 6, 2018 Wouldn't believe a word that word removed comes out with. Link to comment Share on other sites More sharing options...
Djemba_Villan Posted July 6, 2018 Share Posted July 6, 2018 Obviously not full of good news, but fair bloody play for coming out and being so straight forward. 1 Link to comment Share on other sites More sharing options...
NoelVilla Posted July 6, 2018 Share Posted July 6, 2018 So what does that mean for Tuesday? 4 Link to comment Share on other sites More sharing options...
Recommended Posts