villa4europe Posted December 16, 2023 Share Posted December 16, 2023 (edited) 3 hours ago, Risso said: He owns 3.3% of Adidas, and he is a director. He's on the Supervisory Board which in German companies appoints and oversees the Management Board (ie the execs). Again, that's not quite true They act almost like a union within the company, they oversee things like workers rights and employment, even things like pay rises and bonuses, it's an elected role For example when I joined a German company the supervisory board at my place had a vote on me joining due to me being a foreigner, my boss had to convince them that there wasn't a more qualified German applicant, I had my interview, got offered the job, accepted it, then had to wait a month for a 6 person board to approve me, their was an election while I was there, I could have put myself forward for it (that does look different at Adidas, it's hardly "normal" people) They have nothing to do with business decisions, the works council won't vote on corporate strategy or small details like sponsoring villa Wikipedia has him down as a supervisory director whereas my experience of working in germany being on the supervisory board does not make you a director Nas gets to vote on Adidas' post corona working from home policy - he didnt get to vote on their decision to drop Kanye West - that's how germany works Edited December 16, 2023 by villa4europe 1 Link to comment Share on other sites More sharing options...
Risso Posted December 17, 2023 Share Posted December 17, 2023 I know exactly how the German two-tier system works, I've worked with and audited lots of German companies. Supervisory Board members are subject to the same liability regime uder German law for directors as the Management Board are. In fact German legislation refers to 'members' for both boards, so if members of the management board are considered directors, so are the members of the supervisory board. You don't have to take day-to-day business decisions to be a director, although you could argue that a lot of the supervisory board decisions are important, such as appointing the management board in the first place. You're mistakenly comparing the German system to the more common unitary board, prevalent in most countries like the UK. Sawiris is on the board of Adidas, and has a liability for the decsions he makes whilst on it. Link to comment Share on other sites More sharing options...
wishywashy Posted December 19, 2023 Share Posted December 19, 2023 (edited) And another circa. £55m of shares have put into NSWE UK Limited: £54,683,602 to be exact. That precise number is curious, as that would have been bang on 70 million *US dollars* when the transaction took place on the 15th December: the same day the Atairos partnership was announced. https://find-and-update.company-information.service.gov.uk/company/10176070/filing-history Quote Statement of capital following an allotment of shares on 15 December 2023 GBP 609,138,715 Edited December 19, 2023 by wishywashy 1 1 Link to comment Share on other sites More sharing options...
Buffs Posted December 19, 2023 Share Posted December 19, 2023 1 hour ago, wishywashy said: And another circa. £55m of shares have put into NSWE UK Limited: £54,683,602 to be exact. That precise number is curious, as that would have been bang on 70 million *US dollars* when the transaction took place on the 15th December: the same day the Atairos partnership was announced. https://find-and-update.company-information.service.gov.uk/company/10176070/filing-history Given the North Stand redevelopment is now on hold, what is that $70m going to be used to towards? Heck’s explanation was very wishy washy to say the least. Link to comment Share on other sites More sharing options...
Popular Post Sulberto21 Posted December 19, 2023 Popular Post Share Posted December 19, 2023 1 minute ago, Buffs said: Given the North Stand redevelopment is now on hold, what is that $70m going to be used to towards? Heck’s explanation was very wishy washy to say the least. Digne’s weekly expenses . 6 Link to comment Share on other sites More sharing options...
Popular Post wishywashy Posted December 19, 2023 Popular Post Share Posted December 19, 2023 2 minutes ago, Buffs said: Given the North Stand redevelopment is now on hold, what is that $70m going to be used to towards? Heck’s explanation was very wishy washy to say the least. Sup 17 Link to comment Share on other sites More sharing options...
wishywashy Posted December 19, 2023 Share Posted December 19, 2023 (edited) 4 hours ago, wishywashy said: And another circa. £55m of shares have put into NSWE UK Limited: £54,683,602 to be exact. That precise number is curious, as that would have been bang on 70 million *US dollars* when the transaction took place on the 15th December: the same day the Atairos partnership was announced. https://find-and-update.company-information.service.gov.uk/company/10176070/filing-history The shares have been invested into the 'NSWE Sports Limited' subsidiary this time, as opposed to no subsidiary regarding the investment a week ago. Someone else will hopefully have a better idea of what the purpose of NSWE Sports Limited is, but it isn't the usual company that NSWE pump money into (that honour goes to Aston Villa Football Club Limited, which is responsible for the day-to-day running of the club). NSWE Sports Limited hasn't had any shares invested in it since 2016: I think it *used* to be the overarching parent company of the tangled Villa web of companies, until Xia took over and created what is now known as NSWE UK Limited in 2016 to do that. Edited December 19, 2023 by wishywashy 2 Link to comment Share on other sites More sharing options...
wishywashy Posted December 19, 2023 Share Posted December 19, 2023 (edited) 36 minutes ago, wishywashy said: The shares have been invested into the 'NSWE Sports Limited' subsidiary this time, as opposed to no subsidiary regarding the investment a week ago. Someone else will hopefully have a better idea of what the purpose of NSWE Sports Limited is, but it isn't the usual company that NSWE pump money into (that honour goes to Aston Villa Football Club Limited, which is responsible for the day-to-day running of the club). NSWE Sports Limited hasn't had any shares invested in it since 2016: I think it *used* to be the overarching parent company of the tangled Villa web of companies, until Xia took over and created what is now known as NSWE UK Limited in 2016 to do that. The plot thickens, now the £55m has appeared in the subsidiaries Aston Villa FC Limited (which is separate from Aston Villa Football Club Limited) and Aston Villa Limited (where it was paid in 1,093,672,040 shares worth 5p rather than 55m shares of £1 like everyone else). Honestly have even less clue what these companies are for than NSWE Sports Limited. This is all rather peculiar, not how NSWE usually invest funds into the club (they've never directly issued share capital into either of these subsidiaries), presumably its to do with the Atairos deal? Edited December 19, 2023 by wishywashy 1 Link to comment Share on other sites More sharing options...
villan-scott Posted December 19, 2023 VT Supporter Share Posted December 19, 2023 Accounting gymnastics at its finest! 1 Link to comment Share on other sites More sharing options...
sidcow Posted December 19, 2023 VT Supporter Share Posted December 19, 2023 January player purchases maybe? Link to comment Share on other sites More sharing options...
Made In Aston Posted January 3 Share Posted January 3 First the club backtracks on the north stand investment and then pushes an old badge on us to save money on updating things around the ground. I'm a bit surprised as I thought they were keen to put more money in but this suggests they may be starting to cut back on investment potentially? Link to comment Share on other sites More sharing options...
Delphinho123 Posted January 3 Share Posted January 3 2 minutes ago, Made In Aston said: First the club backtracks on the north stand investment and then pushes an old badge on us to save money on updating things around the ground. I'm a bit surprised as I thought they were keen to put more money in but this suggests they may be starting to cut back on investment potentially? Is this a serious post? 2 Link to comment Share on other sites More sharing options...
Captain_Townsend Posted January 3 Share Posted January 3 3 minutes ago, Made In Aston said: First the club backtracks on the north stand investment and then pushes an old badge on us to save money on updating things around the ground. I'm a bit surprised as I thought they were keen to put more money in but this suggests they may be starting to cut back on investment potentially? It's concerning. Maybe if the comms were better, especially on the stadium, we wouldn't have to speculate. 1 Link to comment Share on other sites More sharing options...
Hank Scorpio Posted January 3 Share Posted January 3 6 minutes ago, Made In Aston said: First the club backtracks on the north stand investment and then pushes an old badge on us to save money on updating things around the ground. I'm a bit surprised as I thought they were keen to put more money in but this suggests they may be starting to cut back on investment potentially? Bro...the badge is different, I mean not by much and its actually worse but its different. It's going to cost to change it. Link to comment Share on other sites More sharing options...
kurtsimonw Posted January 4 Share Posted January 4 8 hours ago, Delphinho123 said: Is this a serious post? When there's not much to complain about on the pitch.. Link to comment Share on other sites More sharing options...
VillaJ100 Posted January 4 Share Posted January 4 12 hours ago, kurtsimonw said: When there's not much to complain about on the pitch.. No way but the fear is this ineptitude off it will start to have an effect, just like sorting the ownership and running of the club has translated to being 2nd in the league 5 years later Link to comment Share on other sites More sharing options...
beasley14 Posted January 4 Share Posted January 4 On 19/12/2023 at 19:53, wishywashy said: The plot thickens, now the £55m has appeared in the subsidiaries Aston Villa FC Limited (which is separate from Aston Villa Football Club Limited) and Aston Villa Limited (where it was paid in 1,093,672,040 shares worth 5p rather than 55m shares of £1 like everyone else). Honestly have even less clue what these companies are for than NSWE Sports Limited. This is all rather peculiar, not how NSWE usually invest funds into the club (they've never directly issued share capital into either of these subsidiaries), presumably its to do with the Atairos deal? Risso?! Link to comment Share on other sites More sharing options...
Popular Post VBM Posted February 14 Popular Post Share Posted February 14 Article in the FT this morning about Nassef Sawiris. Mainly about his plans for OCI where the majority of his wealth is if anyone is interested. We are mentioned in passing.: From London and Abu Dhabi, Sawiris is building NNS into a holding company that can manage his various investments — including Aston Villa. He and US billionaire Wes Edens, co-founder of Fortress Investment Group, acquired a 55 per cent stake in the club for £30mn in 2018, rescuing it from financial crisis. A year later it was promoted to the lucrative Premier League and Sawiris has since expanded his stable of sports assets under his and Edens’ V Sports, including a stake in Portuguese club Vitória. The group announced in December that US investor Atairos had become a minority partner in V Sports, with people familiar with the matter saying the roughly 20 per cent stake valued Aston Villa at more than £500mn. While Sawiris’ bet appears to be paying off, he insisted he was not in Aston Villa for the money. “Anybody who does football and says this is a pure investment, in 95 per cent of the case he’s a liar,” Sawiris said. “It’s a passion. It’s addictive. And it can ruin your weekend and go into the following week.” Recommended ESG investing Why investors failed to embrace Jeff Ubben’s Inclusive Capital He said owning the club had helped change his perspective on what it takes to be successful in business and in sport. “You really come to the conclusion that attitude and work ethic beats talent any day.” His interest in sports extends beyond club ownership. He is a top shareholder in Adidas and a member of its supervisory board. Egypt’s richest man Nassef Sawiris considers breaking up his empire (ft.com) 2 3 Link to comment Share on other sites More sharing options...
villa89 Posted February 14 Share Posted February 14 (edited) Thank god we have a proper owner and one who has a business brain. The future's bright. Note: It's odd that it's taken this long for Adidas to make our kit. Would have thought that would be the first thing that would have happened. Edited February 14 by villa89 2 Link to comment Share on other sites More sharing options...
Talldarkandransome Posted February 14 Share Posted February 14 Can either of them play centre back 2 Link to comment Share on other sites More sharing options...
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