snowychap Posted May 17, 2019 Share Posted May 17, 2019 3 hours ago, MikeMcKenna said: An article this morning in The Times regarding Championship clubs selling then leasing back their grounds, says Villa Park may be sold if we are not promoted. According to Companies House, there was a resolution passed last Friday to rename one of the companies (a dormant one in the FY ending May 18 - company number 10883540) from Recon Football Limited to NSWE Stadium Limited. Might that be an indication of an intent to move the stadium asset from one subsidiary company's balance sheet to another? 1 1 Link to comment Share on other sites More sharing options...
mikeyjavfc Posted May 17, 2019 VT Supporter Share Posted May 17, 2019 Take the fine, take the points deduction, leave Villa Park alone. Having a better shot at being promoted is not so important that we should put the core of the club at risk. Link to comment Share on other sites More sharing options...
briny_ear Posted May 17, 2019 Share Posted May 17, 2019 38 minutes ago, mrbojangles said: Greed knows no bounds, too much risk with the club not owning their own ground Can you explain what the risk is pl. Link to comment Share on other sites More sharing options...
Dr_Pangloss Posted May 17, 2019 Share Posted May 17, 2019 Very, very disturbing. Link to comment Share on other sites More sharing options...
PaddytheVillan Posted May 17, 2019 Share Posted May 17, 2019 I don't know how we can trust them yet - they've owned the clubs for less than a year and have no prior history or association with Villa. This is a very bad move. We absolutely have to go up to avoid this kind of nonsense. And keep Jack. No pressure lads... 1 Link to comment Share on other sites More sharing options...
hippo Posted May 17, 2019 Share Posted May 17, 2019 5 hours ago, Merson08 said: Didn't Derby earlier this season sell Pride Park to themselves to meet their FFP. Wouldn't surprise me if Villa did the same. Why not? It has zero effect on Villa Park and gains a revenue boost for the following season. Headling from the BBC post regarding the sale of Pride Park: Derby have reported a pre-tax profit of £14.6m after selling their Pride Park stadium to owner Mel Morris for £80m. Depends who you sell to. in the initial deal you sell VP and lease it back - not a problem. But a few years down the line or when the initial lease expires - unscrupulous owners can rack up the rate of rental many times over - you are the royally screwed. This happened to quite a few clubs who took this route. 3 Link to comment Share on other sites More sharing options...
Demitri_C Posted May 17, 2019 Share Posted May 17, 2019 15 minutes ago, hippo said: Depends who you sell to. in the initial deal you sell VP and lease it back - not a problem. But a few years down the line or when the initial lease expires - unscrupulous owners can rack up the rate of rental many times over - you are the royally screwed. This happened to quite a few clubs who took this route. Yes I don't like this one bit Link to comment Share on other sites More sharing options...
BleedClaretAndBlue Posted May 17, 2019 Share Posted May 17, 2019 Dont worry, it wont need to come to this when we hit that £170m jackpot on bank holiday Monday 1 Link to comment Share on other sites More sharing options...
DevonIsAPlaceOnEarth Posted May 17, 2019 Share Posted May 17, 2019 Don’t really have an issue, Villa Park has no realisable value without the team there. Isn’t it protected again demolition too? This will only be a paper exercise for FFP, and the reality is if the club is sold, the ground will form part of any agreement. Link to comment Share on other sites More sharing options...
Mazrim Posted May 17, 2019 Share Posted May 17, 2019 (edited) That wouldn't be the case though. Again, NSWE own Villa Park. If they manufacture a sale to themselves, they'll still own it. Sorry. This was meant to qoute an earlier post. Edited May 17, 2019 by Mazrim 1 Link to comment Share on other sites More sharing options...
bannedfromHandV Posted May 17, 2019 Share Posted May 17, 2019 2 hours ago, briny_ear said: Can you explain what the risk is pl. Take a look at Coventry City 1 Link to comment Share on other sites More sharing options...
PaulC Posted May 17, 2019 Share Posted May 17, 2019 No way should we sell Villa Park unless we build a new stadium at another site. Link to comment Share on other sites More sharing options...
BOF Posted May 17, 2019 Moderator Share Posted May 17, 2019 3 hours ago, snowychap said: According to Companies House, there was a resolution passed last Friday to rename one of the companies (a dormant one in the FY ending May 18 - company number 10883540) from Recon Football Limited to NSWE Stadium Limited. Might that be an indication of an intent to move the stadium asset from one subsidiary company's balance sheet to another? It would be a hell of a co-incidence if it didn't end up being exactly that. Selling to themselves to tip-toe around FFP. Link to comment Share on other sites More sharing options...
villakram Posted May 17, 2019 Share Posted May 17, 2019 I bloody hate manure... but having to deal with the slow bleed, rent seeking Glazers is enough for them. I wouldn't even wish this sort of stadium shenanigans on them. Link to comment Share on other sites More sharing options...
snowychap Posted May 17, 2019 Share Posted May 17, 2019 4 minutes ago, BOF said: It would be a hell of a co-incidence if it didn't end up being exactly that. Selling to themselves to tip-toe around FFP. I'm not sure how that would get around FFP, though. It's still part of the same corporate group. Link to comment Share on other sites More sharing options...
snowychap Posted May 17, 2019 Share Posted May 17, 2019 52 minutes ago, Mazrim said: Again, NSWE own Villa Park. The company with the title to Villa Park, which has Villa Park on its balance sheet, owns Villa Park. Link to comment Share on other sites More sharing options...
hippo Posted May 17, 2019 Share Posted May 17, 2019 We dont the new owners that well and I could be totally wrong but the odds point against them getting up to anything sinister 1.They are massivley wealthy - they dont need to shaft aston villa. 2.One has a definite interest in uk football (arsenal fan) - the other is involved in us sports teams 3.there actions so far (keeping grealish, bankrolling the loans of tammy and mings - and fees for one or two others ..all look to be with the best of intentions Worse case scenario this looks like owners copying derbys practice to produce a healthy balance sheet. ...lets hope so. 1 Link to comment Share on other sites More sharing options...
rodders0223 Posted May 17, 2019 Share Posted May 17, 2019 (edited) 6 hours ago, Zatman said: Has happened to a few clubs lower down. I think Coventry might be one Happened at Crystal Palace under Simon Jordan, and the previous chairman who had ownership of the ground. Edit : Quote When Mark Goldberg bought Crystal Palace, he bought just the club. Former Palace chairman Ron Noades retained ownership of the Selhurst Park ground, having purchased it from the club in 1986. Chairman Simon Jordan took out a ten-year lease on the ground upon his purchase of the club in 2000, and Noades received rent from Palace. Wimbledon relocated to Milton Keynes in 2003,[2] a section of their fans already having decamped to the newly established AFC Wimbledon in protest, when the old club were given permission by the FA to move in 2002. Palace chairman Jordan stated that he had completed a purchase of the freehold of Selhurst Park from Altonwood Limited (Ron Noades' company) for £12m in October 2006. However, Simon Jordan never owned the freehold or had any interest in it and his reasons for claiming he had bought it are unknown. Ownership was in fact held by Selhurst Park Limited, a joint venture between HBOS and the Rock property empire owned by Paul Kemsley, a former director of Tottenham Hotspur. In April 2008, a 25-year lease was granted to Crystal Palace at an annual rent of £1.2m. The Rock Group went into administration in June 2009, the management of the freehold was taken on by PwC acting on behalf of Lloyds Bank, which now own HBOS. PwC expected to sell it within two years.[4] The club and Selhurst Park stadium were purchased by the CPFC 2010 consortium in June 2010, leading to the stadium and Football Club being united in a company for the first time since 1998. Edited May 17, 2019 by rodders0223 Link to comment Share on other sites More sharing options...
Davkaus Posted May 17, 2019 Share Posted May 17, 2019 I thought it was an Asset of Community Value, meaning if it's ever up for sale, they have to alert AVST and there's something like a 6 month moratorium, in which time fans could put in a bid? Obviously that's very unlikely to actually come to fruitition, but it means we'd at least know well in advance if they planned to sell it. Link to comment Share on other sites More sharing options...
screwdriver Posted May 17, 2019 Share Posted May 17, 2019 This is possibly a psy op planted by the owner's into the media in the unlikely event of not going up they can appease angry fans opposed to the sale of grealish and chester. Link to comment Share on other sites More sharing options...
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