Villan_of_oz Posted June 7, 2018 VT Supporter Share Posted June 7, 2018 20 years ago I got pay tv for the first time and got to watch the premier league, pretty sure the first game I watched Villa beat Liverpool and I fell in love..... Love sucks. 2 Link to comment Share on other sites More sharing options...
Rob182 Posted June 7, 2018 Share Posted June 7, 2018 17 minutes ago, blandy said: Just on this. I've just been through the accounts again, and it's not correct that the accounts show it to be untrue - they can't, they're for last year not this year and also because of the way player purchases are covered in the accounts. For (hypothetical) example. If the club buys Joe Bloggs for 12 million quid and puts him on a 4 year contract, the accounts show outgoings for one year of 3 million quid (amortisation of 12 mill over 4 years). BUT the actual outgoings from the club are (say) 6 million on the day of purchase, and then 6 million after (say) 12 months - so accounts would show - £3million but actual outgoings are different (say) - £6 million for each of 2 years The accounts show is an overall wage and pensions bill last year of around 61 million and quite a heap of monies owed to other parties within 12 months. It doesn't prove we are running at 5 million a month, but it doesn't disprove it either, and to my untrained in bean counting eyes, it looks entirely feasible that something of that order is right. (The accounts also show a net cash outflow of £16,851,000 and an increase in borrowing of £48,915,000 for 2016/17.) I am not an accountant and might be completely missing something technical or whatever, but I'm unable to see how last year's accounts disprove the 5 mill a month thing for this year. I think some of our loans this year, a last roll of the dice, if you will, will make up a decent portion of those £4-5m monthly losses. Snodgrass loan fee, Snodgrass wages, Grabban loan fee, Grabban wages, Onomah, Tuanzebe and Johnstone loan fee, plus wages. Then there's John Terry's astronomical Championship wage. I don't think we're going to continue losing £4-5m per month, considering these players leaving and their ongoing fees. 1 Link to comment Share on other sites More sharing options...
Rob182 Posted June 7, 2018 Share Posted June 7, 2018 2 minutes ago, briny_ear said: I've been supporting Villa since the early sixties and I have seen some terrible times for the club. But I don't think I have ever been as angry as I am at the moment. You're probably just hungry. It is lunch-time, after all. You'll be back to your good ol' self at 2pm. Link to comment Share on other sites More sharing options...
hippo Posted June 7, 2018 Author Share Posted June 7, 2018 Been boring now - could do with someone spotting Larry Ellison wearing villa socks - or Dr Tony selling the big issue. 1 Link to comment Share on other sites More sharing options...
Vive_La_Villa Posted June 7, 2018 Share Posted June 7, 2018 1 minute ago, Villan_of_oz said: 20 years ago I got pay tv for the first time and got to watch the premier league, pretty sure the first game I watched Villa beat Liverpool and I fell in love..... Love sucks. As a kid I watched Villa beat one of the greatest Inter Milan teams in history 2-0 at Villa Park. I fell in love then. They lost return leg 3-0. 1 Link to comment Share on other sites More sharing options...
HeyAnty Posted June 7, 2018 Share Posted June 7, 2018 43 minutes ago, jacketspuds said: Surely if we need to raise £40m just to stave off FFP issues, this won't really change our future position if we continue to lose £5m - £6m per month? We will be in the same position next season, just without any good players to sell. If we are loosing 5-6 mill a month (the accounts suggest otherwise) then that will be reduced by nearly 3mill from loosing our loans players and players out of contract. Link to comment Share on other sites More sharing options...
Popular Post hippo Posted June 7, 2018 Author Popular Post Share Posted June 7, 2018 I remember my dad being quite chuffed in 1971 when we lost the league cup final to spurs - I couldn't understand why he dismissed the result as not important - he said "yes but the potential is there now" - we were just on the way back from bankruptcy then. RIP Dad. 7 Link to comment Share on other sites More sharing options...
withes_shin Posted June 7, 2018 Share Posted June 7, 2018 All together now.......... "we'll never die, we'll never die we'll never die, we'll never die We'll keep the lions flag flying high 'cause Aston Villa will never die" 3 Link to comment Share on other sites More sharing options...
pintpotvilla Posted June 7, 2018 Share Posted June 7, 2018 Wonder what the papers will find to over hype tomorrow. Xia appears to have put this problem to bed- at least for now! Can we get on with trying to get promoted now? 1 Link to comment Share on other sites More sharing options...
ViewFromT2 Posted June 7, 2018 Share Posted June 7, 2018 Does anybody know who or what '1874 Developments Ltd' is? - 2 Officers listed (Wyness/Xia), seem to be owned by Recon Group UK Ltd. I saw on Companies House Website that a registration of charge (HSBC Bank) was added on 08 May 2018. I'm not really sure what all the details mean in the pdf that can be viewed online, but it seems to refer to Land and Property and Mortgage? Link to comment Share on other sites More sharing options...
ViewFromT2 Posted June 7, 2018 Share Posted June 7, 2018 (edited) Also saw this on Companies House: ASTON VILLA FOOTBALL CLUB LIMITED 07 Jun 2018 Resolutions Resolution of allotment of securities Resolution of removal of pre-emption rights This document is being processed and will be available in 5 days. 07 Jun 2018 Resolutions Service contract 21/05/2018 This document is being processed and will be available in 5 days Seems stuff has been happening for certain.... Any legal knowledge here that can shed any light? Edited June 7, 2018 by ViewFromT2 image removed as couldn't be read! Link to comment Share on other sites More sharing options...
Eastie Posted June 7, 2018 Share Posted June 7, 2018 24 minutes ago, pintpotvilla said: Wonder what the papers will find to over hype tomorrow. Xia appears to have put this problem to bed- at least for now! Can we get on with trying to get promoted now? Do you believe in Santa Claus too 1 Link to comment Share on other sites More sharing options...
Pimlico_Villa Posted June 7, 2018 Share Posted June 7, 2018 11 minutes ago, ViewFromT2 said: Also saw this on Companies House: ASTON VILLA FOOTBALL CLUB LIMITED 07 Jun 2018 Resolutions Resolution of allotment of securities Resolution of removal of pre-emption rights This document is being processed and will be available in 5 days. 07 Jun 2018 Resolutions Service contract 21/05/2018 This document is being processed and will be available in 5 days Seems stuff has been happening for certain.... Any legal knowledge here that can shed any light? Usually implies new equity investment, but equally be Recon buying more shares. Not enough to go on, though. Link to comment Share on other sites More sharing options...
Rob182 Posted June 7, 2018 Share Posted June 7, 2018 18 minutes ago, ViewFromT2 said: Does anybody know who or what '1874 Developments Ltd' is? - Some sort of development company, is my guess. 1 Link to comment Share on other sites More sharing options...
PieFacE Posted June 7, 2018 VT Supporter Share Posted June 7, 2018 1 hour ago, palace33 said: Palace can here though wife is villa we are the champions of administration it does hurt as you lose your best players at cheap prices we sold victor modes for 2 million You must hope to stay in the championship and get a buyer who loves the club Parish did wonders for us and look where we are now Good luck Well if anything good has come of this it's that I now know aluminium can fall in love 4 Link to comment Share on other sites More sharing options...
VillanousOne Posted June 7, 2018 Share Posted June 7, 2018 (edited) so apparently you have to spend about 300 million before you hit the radar of the Chinese Government? https://www.birminghammail.co.uk/sport/football/football-news/tony-xia-aston-villa-chinese-14749006 Quote An expert on Chinese investment in football says the landscape has changed - and Far Eastern money has slowed. This comes amid reports of cash flow problems at Aston Villa, linked to owner Tony Xia's ability to pump money into the club, have surfaced. However, expert Simon Chadwick believes Dr Xia CAN get cash across - because he is not that big a spender. He believes the Villa chairman is likely conflicted - one one hand, he is a proud Chinese businessman desperate to save face, on the other, he is spending close to £5 million a month to keep Villa going. Prof Chadwick, professor of Sports Enterprise at Salford University, and is an expert in Chinese investment in football and says the likes of Athletico Madrid, Inter Milan and Slavia Prague have seen income dry up after Far Eastern authorities warned investors to stop taking so much money out of the country. On a positive note, he does not believe Aston Villa's finances are so bad the club is headed for administration. He explained: "Last July, the Chinese authorities felt they were suffering from lots of people moving money off shore so they Government clamped down on it . "As a consequence, money flowing away from China has slowed down. "And other football owners have felt this, like Wang Jianlin, who sold part of his 20 per cent ownership stake in Spanish team Atletico Madrid. "He was forced to do that. And Tony Xia may well be in the same position. "However, Tony Xia isn't a particularly high-profile Chinese investor, and comparatively he hasn't spent a lot of money. "The regulations came in in July and kick in at around $300 million, so it seems it wouldn't effect him at the moment. "I don't think Tony Xia has spent that, so to some extent that may be being used as an excuse. "There is also the issue of saving face in Chinese society. That is huge for Chinese people. "For Tony Xia to exit Aston Villa would be losing face for him at home. He would not want to leave without making a profit." In recent years, the Chinese authorities have clamped down on spending outside of China, meaning wealthy people can spend as little as five per cent of their investment outside the country. As an example, late last year, China’s authorities capped overseas withdrawals using Chinese bank cards at around £15,000 per year in a move designed to prevent money laundering and terrorist financing. Chinese regulators often relax and tighten rules informally, allowing them to react flexibly to changing market conditions. more on link Edited June 7, 2018 by blandy formatting etc. Link to comment Share on other sites More sharing options...
VillanousOne Posted June 7, 2018 Share Posted June 7, 2018 sorry if posted already Link to comment Share on other sites More sharing options...
JAMAICAN-VILLAN Posted June 7, 2018 Share Posted June 7, 2018 1 hour ago, Vive_La_Villa said: As a kid I watched Villa beat one of the greatest Inter Milan teams in history 2-0 at Villa Park. I fell in love then. They lost return leg 3-0. This literally sounds like the culmination of every Villa fans experience haha. 2 1 Link to comment Share on other sites More sharing options...
Deisler123 Posted June 7, 2018 Share Posted June 7, 2018 (edited) 14 minutes ago, VillanousOne said: so apparently you have to spend about 300 million before you hit the radar of the Chinese Government? https://www.birminghammail.co.uk/sport/football/football-news/tony-xia-aston-villa-chinese-14749006 I am not sure what that Professor was referring to. Was he saying that a company in China can transfer 300 million US dollars freely to overseas countries before the currency policy comes into play? No way. A lot of companies in China even use their employees' annual allowance (up to 50k US dollars per year) to exchange and transfer foreign currency. Edited June 7, 2018 by Deisler123 2 Link to comment Share on other sites More sharing options...
Mark Albrighton Posted June 7, 2018 VT Supporter Share Posted June 7, 2018 2 hours ago, Vive_La_Villa said: As a kid I watched Villa beat one of the greatest Inter Milan teams in history 2-0 at Villa Park. I fell in love then. They lost return leg 3-0. I’m a touch too young to remember that one, so I just use the 1994 win against Inter followed by elimination at the hands of Trabzonspor in the next round as my go to “Villa in a nutshell” feeling. 2 Link to comment Share on other sites More sharing options...
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