HanoiVillan Posted June 7, 2018 Share Posted June 7, 2018 1 hour ago, maqroll said: https://www.theguardian.com/football/2018/jun/06/aston-villa-tony-xia-bleak-future This is staggering. We are becoming more of an idea and less of a functioning football club. **** hell. We need someone with cash and enthusiasm, and quick. It's impossible to read that and conclude that 'everything will be alright'. We have no way of paying our debts, and I have to say my own conclusion from that piece is that we will be in administration or being wound up within a month. Link to comment Share on other sites More sharing options...
Jareth Posted June 7, 2018 VT Supporter Share Posted June 7, 2018 (edited) Cheers Keith, is there anything you won’t feed to the press? Also - paying for players in instalments shocker! Edited June 7, 2018 by Jareth Link to comment Share on other sites More sharing options...
DCJonah Posted June 7, 2018 Share Posted June 7, 2018 4 minutes ago, Jareth said: Cheers Keith, is there anything you won’t feed to the press? Also - paying for players in instalments shocker! Why do you assume keith is the bad guy? Tony could never do anything wrong? 2 Link to comment Share on other sites More sharing options...
mikeyjavfc Posted June 7, 2018 VT Supporter Share Posted June 7, 2018 1 hour ago, HanoiVillan said: It's impossible to read that and conclude that 'everything will be alright'. We have no way of paying our debts, and I have to say my own conclusion from that piece is that we will be in administration or being wound up within a month. Wow, whenever I feel inexperienced or bad at my job in the future I will remembered that Tony Xia and Keith Wyness once tried to run a football club. 1 Link to comment Share on other sites More sharing options...
Eastie Posted June 7, 2018 Share Posted June 7, 2018 58 minutes ago, DCJonah said: Why do you assume keith is the bad guy? Tony could never do anything wrong? Indeed -both have messed up , both need to go as does Bruce who failed to get the club promoted with a squad far stronger than most in this league . I note hodgsons tweet that he wants Bruce out too -next few days could be very interesting . 1 Link to comment Share on other sites More sharing options...
Genie Posted June 7, 2018 Share Posted June 7, 2018 Its pretty incredible the train of charlatans we've had running our club over the last 10 years. Link to comment Share on other sites More sharing options...
Genie Posted June 7, 2018 Share Posted June 7, 2018 Clubs always struggle over the summer if they haven't put some money aside during the season. If we're broke now we must be in major, major trouble, Link to comment Share on other sites More sharing options...
Popular Post villan-scott Posted June 7, 2018 VT Supporter Popular Post Share Posted June 7, 2018 POB has aired his view. He’s one of us! 16 Link to comment Share on other sites More sharing options...
TheAuthority Posted June 7, 2018 VT Supporter Share Posted June 7, 2018 Looks to me like has released this to the Brum Mail. Quote Aston Villa will not be going into administration and are confident of solving their cash-flow crisis, sources have told BirminghamLive. Owner Tony Xia has today received positive news that a loan has been approved. He has managed to source £2m from China and borrowed a further £4m to help cover with the costs in the weeks ahead. It’s understood that Xia is doing everything possible to keep hold of the club he purchased in 2016 having invested over £150m. Several leading football finance experts have backed up claims from sources close to the club who are adamant Villa's current crisis will not see them file for administration. https://www.birminghammail.co.uk/sport/football/transfer-news/latest-tony-xia-keith-wyness-14753240 Link to comment Share on other sites More sharing options...
dudevillaisnice Posted June 7, 2018 Share Posted June 7, 2018 3 minutes ago, TheAuthority said: He has managed to source £2m from China Oh Link to comment Share on other sites More sharing options...
HanoiVillan Posted June 7, 2018 Share Posted June 7, 2018 (edited) £6m won't cover the club's wage bill, let alone next month's tax bill. As far as I can tell, we have literally no cash on hand. Edited June 7, 2018 by HanoiVillan Link to comment Share on other sites More sharing options...
hippo Posted June 7, 2018 Author Share Posted June 7, 2018 Can any accounts guru's tell me what actually happens in administration - my understanding is:- 1.The administrators control the assets - and sell to pay the creditors - the owner has no say in these sales 2.If someone agrees to buy all the assets then the club can sold for £1 - even against the owners wishes If that is correct there is going to be one hell of firesale - because Tony could loose everything he has put into the club? - its more about saving his ass than Aston Villa. Link to comment Share on other sites More sharing options...
Jareth Posted June 7, 2018 VT Supporter Share Posted June 7, 2018 1 hour ago, DCJonah said: Why do you assume keith is the bad guy? Tony could never do anything wrong? What's your opinion on the sudden mass leak of sensitive financial data from the club and its destabilising effect on Villa and its effect on Villa doing business now and going forwards? 1 Link to comment Share on other sites More sharing options...
Genie Posted June 7, 2018 Share Posted June 7, 2018 1 minute ago, Jareth said: What's your opinion on the sudden mass leak of sensitive financial data from the club and its destabilising effect on Villa and its effect on Villa doing business now and going forwards? Which data has been leaked? From what I can tell there are very little actual facts about and everybody is speculating Link to comment Share on other sites More sharing options...
Rob182 Posted June 7, 2018 Share Posted June 7, 2018 Do we believe the reports that say we're losing £4-5m per month? That's £48-60m per year that Tony would need to be injecting, which I don't remember seeing on the accounts. Unless it doesn't show up on there because of the way it's staggered. Link to comment Share on other sites More sharing options...
rodders0223 Posted June 7, 2018 Share Posted June 7, 2018 18 minutes ago, TheAuthority said: Looks to me like has released this to the Brum Mail. https://www.birminghammail.co.uk/sport/football/transfer-news/latest-tony-xia-keith-wyness-14753240 Anothet loan. Sounds good! Link to comment Share on other sites More sharing options...
Jareth Posted June 7, 2018 VT Supporter Share Posted June 7, 2018 Just now, Genie said: Which data has been leaked? From what I can tell there are very little actual facts about and everybody is speculating The wages of every player deemed to be on more than they are worth, leaked yesterday. Installment payment plans for players like McCormack, leaked yesterday. Information on a myriad of loans and financial transactions, leaked yesterday. Meanwhile, the guy who's reputation took a battering 2 days ago, where is he? Sitting solemn, stoic, risen above it all? 2 Link to comment Share on other sites More sharing options...
ViewFromT2 Posted June 7, 2018 Share Posted June 7, 2018 So Xia has managed to scramble together some money (in effect, a payday loan) to pay some of the £4.2m tax bill.....great!.....what about the next one? what about repaying this loan?...what about the £11m we owe clubs in transfers due this summer? what about the apparent £42m we still owe creditors? We've already cashed in transfer fees due to us. We've already cashed in the parachute payment due to us. The monthly supply of cash from China that has clearly been keeping us solvent for months has now has dried up. He is looking to sell property and land the club has accrued over it's 140 odd years of existence. Have I missed anything? Just sell the club and do one for christ's sake! 3 Link to comment Share on other sites More sharing options...
Rob182 Posted June 7, 2018 Share Posted June 7, 2018 6 minutes ago, Jareth said: What's your opinion on the sudden mass leak of sensitive financial data from the club and its destabilising effect on Villa and its effect on Villa doing business now and going forwards? Jareth, you forgot, you're not allowed to blame anyone at Villa unless you add a caveat blaming the owner as well. 1 Link to comment Share on other sites More sharing options...
tomav84 Posted June 7, 2018 VT Supporter Share Posted June 7, 2018 2 minutes ago, Rob182 said: Jareth, you forgot, you're not allowed to blame anyone at Villa unless you add a caveat blaming the owner as well. and bruce don't foget 1 Link to comment Share on other sites More sharing options...
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