VILLAMARV Posted July 10, 2018 Share Posted July 10, 2018 2 hours ago, tinker said: We need him gone , question is , how can we help it happen? about £80-£100m should do it Link to comment Share on other sites More sharing options...
VillaChris Posted July 10, 2018 Share Posted July 10, 2018 I do wonder what was presented to the FL when they were doing the due diligence on him. Remember there was a delay to all this, takeover was announced mid May but FL didn't officially confirm to second week in June so clearly something wasn't adding up behind the scenes as usuallly takeovers are waived through in a week or two as the recent one at Sunderland was. Anyone know how long proof of funds is required by Football league? If they just saw the plans for two years then I can see how he wriggled through. If it was for 5 years then I'm at a loss. Naively at the start I thought it was a combination of FFP and Xia struggling to get his capital out of China but clearly things are far worse with all the sellinf of future transfer instalments. When you really have no money left in the bank having burnt through an overdraft that's what tends to happen. Guess we'll never know but given the mystery around Recon I do wonder if he was just a lead face for a mystery group of Chinese investors and know they haven't got the promised premier league pot of gold they don't want to know and he's left trying to sell us. Will probably make a good book in a few years time. 1 Link to comment Share on other sites More sharing options...
sne Posted July 10, 2018 Share Posted July 10, 2018 4 minutes ago, VillaChris said: I do wonder what was presented to the FL when they were doing the due diligence on him. 4 Link to comment Share on other sites More sharing options...
The Fun Factory Posted July 10, 2018 Share Posted July 10, 2018 Either he is a naive idiot or a bullshit merchant. Or both. 3 Link to comment Share on other sites More sharing options...
nick76 Posted July 11, 2018 Share Posted July 11, 2018 (edited) 9 hours ago, VillaChris said: I do wonder what was presented to the FL when they were doing the due diligence on him. Remember there was a delay to all this, takeover was announced mid May but FL didn't officially confirm to second week in June so clearly something wasn't adding up behind the scenes as usuallly takeovers are waived through in a week or two as the recent one at Sunderland was. Anyone know how long proof of funds is required by Football league? If they just saw the plans for two years then I can see how he wriggled through. If it was for 5 years then I'm at a loss. Naively at the start I thought it was a combination of FFP and Xia struggling to get his capital out of China but clearly things are far worse with all the sellinf of future transfer instalments. When you really have no money left in the bank having burnt through an overdraft that's what tends to happen. Guess we'll never know but given the mystery around Recon I do wonder if he was just a lead face for a mystery group of Chinese investors and know they haven't got the promised premier league pot of gold they don't want to know and he's left trying to sell us. Will probably make a good book in a few years time. I may be naive but I'm still not buying he is that broke. I'm just a normal business man but I have most of my money invested in a number of investments and at the moment I dont want to pull any of that out because I have some time restrictions on some of it and on others they are doing well and I expect them to do better in the near term. Xia also has the major issue of taking money out of China, which is a problem because they seem to be putting more short term walls up at the moment (in the current political environment). In my world, I know of a few cases where simply things have been put on hold from China, which would normal not be an issue. If that is the case then it might explain why Xia wants to retain control but wouldnt mind some working capital in exchange for small ownership stake to cover the coming periods. It may well be the case he's broke and it's all gone to sh*t, I'm just putting an alternative scenario because some many people have jumped to the worst conclusions which maybe the case but may not. It just seems then strange that if that is the case why didnt Xia snap the hands of one the investors that has been interested. Edited July 11, 2018 by nick76 1 Link to comment Share on other sites More sharing options...
Villarocker Posted July 11, 2018 Share Posted July 11, 2018 Regardless of whether he had money or not, he is saying that investment can not fend off our horrendous FFP situation and that it can only be rectified by revenue the club generates, which he then points to player dealings. In other words, we have to sell players for money than we spend on replacements = good luck with that Brucie! Link to comment Share on other sites More sharing options...
withes_shin Posted July 11, 2018 Share Posted July 11, 2018 Dunno if this is the right thread to put this in but AC Milan have been bought out due to their Chinese owner failing to repay debts AC Milan bought out by US hedge fund after Chinese owners fail to repay debts Seven-time European champions Milan are expected to close the financial year with a loss of 75 million euros - and banned from Europe https://www.mirror.co.uk/sport/football/news/breaking-ac-milan-bought-out-12892293 Link to comment Share on other sites More sharing options...
Popular Post sidcow Posted July 11, 2018 VT Supporter Popular Post Share Posted July 11, 2018 12 hours ago, mykeyb said: I know that Steve Round wasn't exactly rated on here but I think I might prefer him sorting deals rather than the owner doing it on his own. Yeah, he could look at how we play and go out and spend huge sums of money on someone like Scott Hogan who doesn't fit that style at all. Or go out and buy a right back who "might be good in the future" when we don't have a pot to piddle in when we have several other right backs. Or go out and buy several midfielders when we have zero cover in central defence and an abundance of midfielders already. And instead of offering someone a 20-30% payrise to come here instead treble their wages. And constantly smash every selling clubs outgoing transfer record. If Round had any involvement in who we signed or how much we paid for them or how high the wages were we paid them he cannot be further away from the club for my liking. 5 Link to comment Share on other sites More sharing options...
Jareth Posted July 11, 2018 VT Supporter Share Posted July 11, 2018 It does look irregular and bleak and this will feel worse when those player sales happen. However, there is yet to be any proof of the worst case scenario being offered and if anybody wishes to orchestrate an owner ousting campaign as is the fetish of our Leeds visitors then to do that justice and ride to the rescue of the club then please get that proof and deliver it in a short succinct and irresistible message. Link to comment Share on other sites More sharing options...
hippo Posted July 11, 2018 Share Posted July 11, 2018 15 hours ago, tinker said: We need him gone , question is , how can we help it happen? Bad mouth him on social media for a start - and do it 24-7 - we need some photoshop experts to get some mock ups going viral Its on a smaller scale - But I had some really horrible neighbours move in - so bad I was going to move myself - until I realised that fee's along would cost me £8k !!! - so I googled 'how to make you neighbour move' - and basically it said 'bad mouth them to absolutely everyone' - which I did - worked like a charm, they were gone within a year ! 1 Link to comment Share on other sites More sharing options...
Zatman Posted July 11, 2018 Share Posted July 11, 2018 3 hours ago, withes_shin said: Dunno if this is the right thread to put this in but AC Milan have been bought out due to their Chinese owner failing to repay debts AC Milan bought out by US hedge fund after Chinese owners fail to repay debts Seven-time European champions Milan are expected to close the financial year with a loss of 75 million euros - and banned from Europe https://www.mirror.co.uk/sport/football/news/breaking-ac-milan-bought-out-12892293 yeah the hedge fund loaned that guy the money Link to comment Share on other sites More sharing options...
TheEgo Posted July 11, 2018 Share Posted July 11, 2018 (edited) More debt for our club/Xia Some land around the are of VP used to raise capital. #AssetStripping https://beta.companieshouse.gov.uk/company/10484901/filing-history Edited July 11, 2018 by TheEgo 2 Link to comment Share on other sites More sharing options...
Vive_La_Villa Posted July 11, 2018 Share Posted July 11, 2018 15 hours ago, hooter said: As @WaccoeOnline said, if folk on here genuinely want some advice, then it is probable that the fellas who did the really innovative legwork at Leeds might be willing to give a few hints, either of us can certainly ask. The TimeToGoMassimo campaign became an art form, loads of viral social media stuff I don't begin to understand, they had EastEnders actors doing vids and all sorts, way beyond me. The Bates Out one was less social media, more toe to toe "**** you, you bastard", as a 50 something that was one I felt more able to contribute to. Fact is it took until about 2009 for our fanbase to start to fight back, and we spent the next 7/8 years doing it. Now I'm hopeful the guy we now have is honest, whether he is good enough time will tell, but for the first time in a decade I'm willing to give him a chance. Our experience would certainly suggest to me you fellas need to organise, and fight for your club, our support waited too long, and bates was playing much smaller numbers, the damage if you don't remove Xia will be potentially eye-watering. I told @Demitri_C to stand outside Villa Park everyday with a Xia out sign but not sure if he has done it yet. Link to comment Share on other sites More sharing options...
hooter Posted July 11, 2018 Visiting Supporter Share Posted July 11, 2018 Just now, Vive_La_Villa said: I told @Demitri_C to stand outside Villa Park everyday with a Xia out sign but not sure if he has done it yet. No commitment to the cause... 1 Link to comment Share on other sites More sharing options...
DaveAV1 Posted July 11, 2018 Share Posted July 11, 2018 1 hour ago, hippo said: Bad mouth him on social media for a start - and do it 24-7 - we need some photoshop experts to get some mock ups going viral Its on a smaller scale - But I had some really horrible neighbours move in - so bad I was going to move myself - until I realised that fee's along would cost me £8k !!! - so I googled 'how to make you neighbour move' - and basically it said 'bad mouth them to absolutely everyone' - which I did - worked like a charm, they were gone within a year ! I think you have to be very careful with that approach. There are liable laws and the like which his lawyers would be all over. If he Is a crook then we should try everything possible to expose him for what he is. But we can’t expose him for being what we think he might be without proper evidence, that would stand up in court, if push came to shove. Link to comment Share on other sites More sharing options...
Demitri_C Posted July 11, 2018 Share Posted July 11, 2018 (edited) 31 minutes ago, Vive_La_Villa said: I told @Demitri_C to stand outside Villa Park everyday with a Xia out sign but not sure if he has done it yet. It's abit hot you going to supply me water and food for all the hours I do? Edited July 11, 2018 by Demitri_C Link to comment Share on other sites More sharing options...
AvfcRigo82 Posted July 11, 2018 Share Posted July 11, 2018 4 hours ago, withes_shin said: Dunno if this is the right thread to put this in but AC Milan have been bought out due to their Chinese owner failing to repay debts AC Milan bought out by US hedge fund after Chinese owners fail to repay debts Seven-time European champions Milan are expected to close the financial year with a loss of 75 million euros - and banned from Europe https://www.mirror.co.uk/sport/football/news/breaking-ac-milan-bought-out-12892293 Someone best start a gofundme page.. Link to comment Share on other sites More sharing options...
TheEgo Posted July 11, 2018 Share Posted July 11, 2018 16 minutes ago, AvfcRigo82 said: Someone best start a gofundme page.. The genuinely worrying thing is we don't even know who would own us if Xia defaults on payments. Scary!! Link to comment Share on other sites More sharing options...
Popular Post eholm Posted July 11, 2018 Popular Post Share Posted July 11, 2018 1 hour ago, TheEgo said: More debt for our club/Xia Some land around the are of VP used to raise capital. #AssetStripping https://beta.companieshouse.gov.uk/company/10484901/filing-history This must put an end to the fallacy that TX is only selling players to meet FFP. He clearly is doing it to fund the basic running of the football club or else a swift admin will follow. There is no doubt, IMO, that the FFP line is being used as a smokescreen to cover the major issue of this fraud not having enough cash to even meet the day-to-day running costs of the club. I fully appreciate that we have significant FFP obligations to meet but let’s not kid ourselves that TX gives a shit about that at present; his sole priority at this moment in time is to keep the Club solvent....and he is very quickly running out of options to do so. He simply must sell ASAP. 9 Link to comment Share on other sites More sharing options...
Popular Post villabromsgrove Posted July 11, 2018 Popular Post Share Posted July 11, 2018 Xia always had a plan B, so he didn't lie to us. Problem is that his plan B was apparently to asset strip both players of any value and even property, if we didn't get promoted in two years. What a nasty little chancer he's turned out to be! 5 Link to comment Share on other sites More sharing options...
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