Jareth Posted June 7, 2018 VT Supporter Share Posted June 7, 2018 1 minute 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. Or just blame everybody in your path, threaten to lynch the owner if he shows his face at VP, and in that dark hour of anger generally dance to whatever tune some shifty buggers in the shadows of football 'business' decide to conduct using their cockwomble press mates as they attempt to steal the Villa from a foreigner they've resented since the beginning. 1 Link to comment Share on other sites More sharing options...
DCJonah Posted June 7, 2018 Share Posted June 7, 2018 7 minutes ago, Jareth said: 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? If you are talking about xia, this reads like something a trump supporter would write defending their brave leader. Link to comment Share on other sites More sharing options...
Jareth Posted June 7, 2018 VT Supporter Share Posted June 7, 2018 Just now, DCJonah said: If you are talking about xia, this reads like something a trump supporter would write defending their brave leader. I'm not sure you get my drift, so therefore I'm ooooot amigo! 3 Link to comment Share on other sites More sharing options...
Rob182 Posted June 7, 2018 Share Posted June 7, 2018 Just now, DCJonah said: If you are talking about xia, this reads like something a trump supporter would write defending their brave leader. I'd assume he's talking about Wyness, as it was Wyness who was suspended two days ago and has since been lonely in the wilderness. 2 Link to comment Share on other sites More sharing options...
AstonMartyn88 Posted June 7, 2018 Share Posted June 7, 2018 Thinking about ways to raise some capital - I would have thought Tony could flog his Ford Mondeo? 2 Link to comment Share on other sites More sharing options...
HanoiVillan Posted June 7, 2018 Share Posted June 7, 2018 11 minutes ago, ViewFromT2 said: 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! Can't really argue with this. This loan changes nothing about the fundamentals of our situation. Link to comment Share on other sites More sharing options...
hippo Posted June 7, 2018 Author Share Posted June 7, 2018 Here we go very sad times indeed an administration FAQ https://www.pwc.co.uk/services/business-recovery/administrations/brs-admin-faq.html What is administration? A - Administration is one of a number of formal English insolvency procedures. There are three entry routes into administration in England: By an order of the court; Appointment by a qualifying floating charge holder; and Link to comment Share on other sites More sharing options...
villa89 Posted June 7, 2018 Share Posted June 7, 2018 Sadly adminstration might be the best thing for us given our current plight. Link to comment Share on other sites More sharing options...
Eastie Posted June 7, 2018 Share Posted June 7, 2018 (edited) 5 minutes ago, villa89 said: Sadly adminstration might be the best thing for us given our current plight. Has the ruling for points deduction changed for clubs in administration now? ‘I believe Luton we’re docked 30 points and Rotherham 25 and I believe Coventry 15 ? ive seen a few people saying it is now a 12 point deduction - is this the new ruling ? Edited June 7, 2018 by Eastie Link to comment Share on other sites More sharing options...
ViewFromT2 Posted June 7, 2018 Share Posted June 7, 2018 1 minute ago, villa89 said: Sadly adminstration might be the best thing for us given our current plight. I actually cannot see anything but administration. I'm no expert but even someone handing us £100m doesn't cure the problem does it? One of 2 possible scenarios: Scenario 1: Xia swallows his pride and sells the club in order to save it Scenario 2: Go into forced administration (by the bank probably) at some point over the summer, most likely next month. Club is sold for £1 and debts cleared....hopefully Most valuable players sold for peanuts (see Blues for numerous examples) Start next season on -12pts with a team consisting of u23 players and the tripe we can't sell over the summer Hope and pray they can pick up around 62-66pts which will be needed to stay up, but clearly relegation to league one is very likely if the above comes to pass 1 Link to comment Share on other sites More sharing options...
wilko154 Posted June 7, 2018 Share Posted June 7, 2018 4 minutes ago, villa89 said: Sadly adminstration might be the best thing for us given our current plight. I have to agree, as sad as it is we require a re-build from the ground up and this can't happen with the current financial mess the club is in. If we hit administration I believe we can cancel contracts of players, so we can rapidly lose players that are no longer required and a burden on the wage bill. Of course we will also end up losing our key players for very little but it will straighten out the finances and reset the club so to speak. However, the only way administration would work for us is if a takeover happens during this time, with someone to either bankroll us once again, or someone to take over the reigns and build the club again as a finanacially stable, income dependant football club. Due to FFP both will mean we will be playing young players for the next few years and with the point deduction we will most probably be fighting for relegation or dropping for a season or two. However the rebuild would begin. If we don't hit administration and Xia keeps papering over the cracks there isn't really a way out unless a miracle takeover occcurs. Link to comment Share on other sites More sharing options...
sidcow Posted June 7, 2018 VT Supporter Share Posted June 7, 2018 (edited) Personally I'm looking forward to our first away match to Nuneaton as FC Aston Villa. Should be a good crowd with a bit of local rivalry for added spice. Edited June 7, 2018 by sidcow 1 Link to comment Share on other sites More sharing options...
Rob182 Posted June 7, 2018 Share Posted June 7, 2018 17 minutes ago, AstonMartyn88 said: Thinking about ways to raise some capital - I would have thought Tony could flog his Ford Mondeo? It's worthless. Tony had to cut a hole in the roof to get Di Matteo's forehead in. 2 Link to comment Share on other sites More sharing options...
hippo Posted June 7, 2018 Author Share Posted June 7, 2018 Can the administrators force Xia to sell though ? Link to comment Share on other sites More sharing options...
ViewFromT2 Posted June 7, 2018 Share Posted June 7, 2018 2 minutes ago, hippo said: Can the administrators force Xia to sell though ? I think so yeah.....would it be a way of rescuing the company? Link to comment Share on other sites More sharing options...
villa89 Posted June 7, 2018 Share Posted June 7, 2018 1 minute ago, hippo said: Can the administrators force Xia to sell though ? As far as I know they can't. However if a reasonable offer was on the table it would make financial sense for him to sell as he would lose less money. Either way it looks like he's going to lose a shit ton of money. Link to comment Share on other sites More sharing options...
sidcow Posted June 7, 2018 VT Supporter Share Posted June 7, 2018 I don't think administrators can cancel players contracts. They still have to abide by employment and contract law. They can sell players though, and lets face is with what has happened, we should have been selling players last summer and certainly not signing any. Link to comment Share on other sites More sharing options...
sidcow Posted June 7, 2018 VT Supporter Share Posted June 7, 2018 As an aside in my experience nearly every company who goes into administration is ultimately liquidated after everything of value has been flogged off an massive administration fees have been levied. Link to comment Share on other sites More sharing options...
wilko154 Posted June 7, 2018 Share Posted June 7, 2018 3 minutes ago, sidcow said: I don't think administrators can cancel players contracts. They still have to abide by employment and contract law. They can sell players though, and lets face is with what has happened, we should have been selling players last summer and certainly not signing any. Yes you are right, I have just read this, the first debts that are paid off are outstanding transfer fees and outstanding staff/players contracts. These are paid as a priority over any HMRC bills. Link to comment Share on other sites More sharing options...
Popular Post richp999 Posted June 7, 2018 Popular Post Share Posted June 7, 2018 (edited) Interesting interview on talksport just now with Simon Jordan.. Always liked him, talks a lot of sense. Talking about Villa's situation, he clearly knows someone high up at villa but wouldn't reveal sources... Probably wyness or someone similar. He said Villa won't be going into administration, but will need to sort out the wage bill, as we all know. Said HMRC can be dealt with, and a threat of a winding up order was quite common and usually the first shot they use to concentrate your mind on paying ; he said they can usually be paid over a longer period once you have done a deal with them. However he suggested we will *have* to sell at least Grealish and Kodjia - said he knew for a fact from friends within the game that people were already prepared to put in bids for them. So looks like we will unfortunately lose those two at least, and have to rebuild from there. Also talked about doing deals with players on large salaries to get them off the wage bill (Richards?) , as if the club did go into administration, their contracts would be voided. Also HMRC wouldn't get any cash. I would think this is the only 'genuine' information about our current situation, as I suspect he has talked to someone at the club - maybe a way to get out some information to the fans without making a formal statement ? Edited June 7, 2018 by richp999 6 2 Link to comment Share on other sites More sharing options...
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