S-Platt Posted May 27, 2022 VT Supporter Share Posted May 27, 2022 5 minutes ago, sidcow said: Even the biggest, most stubborn turd flushes eventually. Only after it breaks up into little pieces! Link to comment Share on other sites More sharing options...
sidcow Posted May 27, 2022 VT Supporter Share Posted May 27, 2022 Just now, S-Platt said: Only after it breaks up into little pieces! They appear to be falling apart so we're on the way there. 2 Link to comment Share on other sites More sharing options...
useless Posted May 31, 2022 Share Posted May 31, 2022 Wang was clearly undeterred, however, and in late 2017 set about acquiring a stake in Birmingham City Football Club, a soccer club in the English Football League’s Championship, the country’s second-highest tier. True to form, though, he did so in such a way that his name appeared nowhere in connection with it. The club is majority-owned by a company registered in the Cayman Islands called Birmingham Sports Holdings Ltd, whose shares are traded on the Hong Kong Stock Exchange. On the morning of Sept. 27, 2017, RFA has learned that Birmingham Sports Holdings CEO Huang Dongfeng and Wang boarded the latter’s private jet at Phnom Penh airport, touching down in Hong Kong three and a half hours later. Exactly two months later, on Nov. 27, a company registered in the British Virgin Islands called Ever Depot Limited bought $39 million of shares in the club’s Hong Kong-listed parent company, Birmingham Sports Holdings Ltd, giving it control of 24.9 percent of its stock. A filing with the Hong Kong Stock Exchange announcing the purchase states Ever Depot is owned by Graticity Real Estate Development – the Cambodian company that loaned Asia Pacific Energy Holdings $3.2 million. The filing describes Graticity Real Estate Development’s beneficial owner as Vong Pech, who took control of the company when Wang resigned his directorship and disposed of his shareholding in May 2017. Born in China in 1976, Vong was known as Wang Dong prior to becoming a naturalized Cambodian citizen in 2015, according to a notice in the Cambodian Royal Gazette. Two sources familiar with the matter described Vong as a close relative of Wang Yaohui who frequently fronts ownership of companies and The next month, on Dec. 14, Dragon Villa Limited spent $12.7 million on shares representing 8.54 percent of Birmingham Sports Holdings’ total stock. The following day, a man with the same name, age and nationality as Birmingham Sports Holdings executive director Hsiao Charng-Geng hitched a ride on Wang’s private jet from Hanoi, Vietnam, to Phnom Penh, according to a copy of the flight manifest obtained by RFA. Also on the flight was Vong Pech. The following March, flight records show Hsiao and Wang flew aboard the same plane from Ho Chi Minh City to Phnom Penh. A notice to the Hong Kong Stock Exchange announcing the sale identified a man named Lei Sutong as Dragon Villa’s beneficial owner. However, Lei would appear to be a nominee owner acting on behalf of Wang. Not only does Wang’s attorney-in-fact Shao’s 2020 affidavit identify Wang as the beneficial owner of Dragon Villa; it also identifies him as the beneficial owner of a Samoan company called Peace Crown Limited. A document signed and sealed by Peace Crown’s resident agents in Samoa dated April 2017 identifies Lei as the sole director and shareholder of Peace Crown. The recurring discrepancy between the stated ownership and beneficial ownership of companies connected to Wang gives credence to a claim made repeatedly to RFA by sources familiar with his business practices. Namely, that he habitually appoints others to represent his interests in companies he controls but does not want to be linked to in official records. Proxy directors and shareholders are viewed as legitimate corporate tools in many jurisdictions. However, it appears that on this occasion Wang’s use of them may have strayed into the realm of illegality. The Hong Kong Stock Exchange requires anybody with an interest in five percent or more in a listed company to declare that interest publicly. It is possible – although unlikely – that Lei was indeed the beneficial owner of Dragon Villa when in December 2017 it acquired 8.54 percent of Birmingham Sports Holdings. But we know from the affidavit of Shao – Wang’s attorney-in-fact for at least the past 13 years – that by 2020 the true owner was Wang. Even if Wang was not the beneficial owner in 2017, he was legally obliged to publicly announce his interest in Birmingham Sports Holdings within three days of becoming Dragon Villa’s owner. Under Hong Kong’s Securities and Futures Ordinance, it is a criminal offence to provide a false or misleading statement to the city’s stock exchange, punishable by up to two years in prison. As of publication, Dragon Villa and Graticity Real Estate Development respectively owned 17.08 and 25.53 percent of Birmingham City Holdings, making Wang and his family the single largest ownership bloc among shareholders in the club’s holding company. Comment was sought from Birmingham Sports Holdings on its apparent failure to comply with Hong Kong's Securities and Futures Ordinance by failing to disclose Wang's status as a substantial shareholder in the company. A company representative responded with an email that did not address any of the issues raised by RFA. "We appreciate your support to our Group and Birmingham City Football Club," the representative wrote in a somewhat unusual response to allegations of what could potentially amount to criminal misconduct. https://www.rfa.org/english/news/cambodia/cambodia-wang-yaohui-05202022172549.html Copying and pasting awkward as on small touchscreen, but this looks like it could have repercussions, basically seems there's now conclusive proof that they're not owned by who they say, so surely the EFL will have to act. 2 Link to comment Share on other sites More sharing options...
Demitri_C Posted May 31, 2022 Share Posted May 31, 2022 They will get away with it again, they always do. Derby and reading got points deducted at start of season, blose got midway when they were safe. If they started the season on -9 they would have probably gone down. Link to comment Share on other sites More sharing options...
leighavfc Posted May 31, 2022 Share Posted May 31, 2022 Problem is this will probably mean the doors will open for them getting much better owners in the near future... Ahh well they are still a million miles away from us and will be for a long time coming Link to comment Share on other sites More sharing options...
Popular Post sidcow Posted May 31, 2022 VT Supporter Popular Post Share Posted May 31, 2022 45 minutes ago, useless said: Wang was clearly undeterred, however, and in late 2017 set about acquiring a stake in Birmingham City Football Club, a soccer club in the English Football League’s Championship, the country’s second-highest tier. True to form, though, he did so in such a way that his name appeared nowhere in connection with it. The club is majority-owned by a company registered in the Cayman Islands called Birmingham Sports Holdings Ltd, whose shares are traded on the Hong Kong Stock Exchange. On the morning of Sept. 27, 2017, RFA has learned that Birmingham Sports Holdings CEO Huang Dongfeng and Wang boarded the latter’s private jet at Phnom Penh airport, touching down in Hong Kong three and a half hours later. Exactly two months later, on Nov. 27, a company registered in the British Virgin Islands called Ever Depot Limited bought $39 million of shares in the club’s Hong Kong-listed parent company, Birmingham Sports Holdings Ltd, giving it control of 24.9 percent of its stock. A filing with the Hong Kong Stock Exchange announcing the purchase states Ever Depot is owned by Graticity Real Estate Development – the Cambodian company that loaned Asia Pacific Energy Holdings $3.2 million. The filing describes Graticity Real Estate Development’s beneficial owner as Vong Pech, who took control of the company when Wang resigned his directorship and disposed of his shareholding in May 2017. Born in China in 1976, Vong was known as Wang Dong prior to becoming a naturalized Cambodian citizen in 2015, according to a notice in the Cambodian Royal Gazette. Two sources familiar with the matter described Vong as a close relative of Wang Yaohui who frequently fronts ownership of companies and The next month, on Dec. 14, Dragon Villa Limited spent $12.7 million on shares representing 8.54 percent of Birmingham Sports Holdings’ total stock. The following day, a man with the same name, age and nationality as Birmingham Sports Holdings executive director Hsiao Charng-Geng hitched a ride on Wang’s private jet from Hanoi, Vietnam, to Phnom Penh, according to a copy of the flight manifest obtained by RFA. Also on the flight was Vong Pech. The following March, flight records show Hsiao and Wang flew aboard the same plane from Ho Chi Minh City to Phnom Penh. A notice to the Hong Kong Stock Exchange announcing the sale identified a man named Lei Sutong as Dragon Villa’s beneficial owner. However, Lei would appear to be a nominee owner acting on behalf of Wang. Not only does Wang’s attorney-in-fact Shao’s 2020 affidavit identify Wang as the beneficial owner of Dragon Villa; it also identifies him as the beneficial owner of a Samoan company called Peace Crown Limited. A document signed and sealed by Peace Crown’s resident agents in Samoa dated April 2017 identifies Lei as the sole director and shareholder of Peace Crown. The recurring discrepancy between the stated ownership and beneficial ownership of companies connected to Wang gives credence to a claim made repeatedly to RFA by sources familiar with his business practices. Namely, that he habitually appoints others to represent his interests in companies he controls but does not want to be linked to in official records. Proxy directors and shareholders are viewed as legitimate corporate tools in many jurisdictions. However, it appears that on this occasion Wang’s use of them may have strayed into the realm of illegality. The Hong Kong Stock Exchange requires anybody with an interest in five percent or more in a listed company to declare that interest publicly. It is possible – although unlikely – that Lei was indeed the beneficial owner of Dragon Villa when in December 2017 it acquired 8.54 percent of Birmingham Sports Holdings. But we know from the affidavit of Shao – Wang’s attorney-in-fact for at least the past 13 years – that by 2020 the true owner was Wang. Even if Wang was not the beneficial owner in 2017, he was legally obliged to publicly announce his interest in Birmingham Sports Holdings within three days of becoming Dragon Villa’s owner. Under Hong Kong’s Securities and Futures Ordinance, it is a criminal offence to provide a false or misleading statement to the city’s stock exchange, punishable by up to two years in prison. As of publication, Dragon Villa and Graticity Real Estate Development respectively owned 17.08 and 25.53 percent of Birmingham City Holdings, making Wang and his family the single largest ownership bloc among shareholders in the club’s holding company. Comment was sought from Birmingham Sports Holdings on its apparent failure to comply with Hong Kong's Securities and Futures Ordinance by failing to disclose Wang's status as a substantial shareholder in the company. A company representative responded with an email that did not address any of the issues raised by RFA. "We appreciate your support to our Group and Birmingham City Football Club," the representative wrote in a somewhat unusual response to allegations of what could potentially amount to criminal misconduct. https://www.rfa.org/english/news/cambodia/cambodia-wang-yaohui-05202022172549.html Copying and pasting awkward as on small touchscreen, but this looks like it could have repercussions, basically seems there's now conclusive proof that they're not owned by who they say, so surely the EFL will have to act. What I get from all this is they are actually owed by a company with Villa in the title 1 7 Link to comment Share on other sites More sharing options...
Amsterdam_Neil_D Posted May 31, 2022 Share Posted May 31, 2022 Not a viable investment. They will never will have the fan base to make it worth it. Try charging a small heath 40 quid for anything and see how that goes, then try it again for a mid week game. They don' t care enough about small heath. It's about hating the Villa, nothing else. If they go to a game it depends on what's in their Moms / Nans purse. 3 Link to comment Share on other sites More sharing options...
sidcow Posted May 31, 2022 VT Supporter Share Posted May 31, 2022 (edited) 10 minutes ago, Amsterdam_Neil_D said: Not a viable investment. They will never will have the fan base to make it worth it. Try charging a small heath 40 quid for anything and see how that goes, then try it again for a mid week game. They don' t care enough about small heath. It's about hating the Villa, nothing else. If they go to a game it depends on what's in their Moms / Nans purse. Just release an official SOTV merchandising line. Hey Presto. Edited May 31, 2022 by sidcow 3 Link to comment Share on other sites More sharing options...
Amsterdam_Neil_D Posted May 31, 2022 Share Posted May 31, 2022 1 minute ago, sidcow said: Just release an official SOTV souvenir line. Hey Presto. It isn't the worst Business idea to be honest. I quite like it. Make money from their utter hatred and then give it to charity. I don't like being called Presto though 2 Link to comment Share on other sites More sharing options...
Follyfoot Posted May 31, 2022 VT Supporter Share Posted May 31, 2022 9 minutes ago, Amsterdam_Neil_D said: Not a viable investment. They will never will have the fan base to make it worth it. Try charging a small heath 40 quid for anything and see how that goes, then try it again for a mid week game. They don' t care enough about small heath. It's about hating the Villa, nothing else. If they go to a game it depends on what's in their Moms / Nans purse. Win lose or draw you will find them in and around town mate 2 Link to comment Share on other sites More sharing options...
Amsterdam_Neil_D Posted May 31, 2022 Share Posted May 31, 2022 1 minute ago, Follyfoot said: Win lose or draw you will find them in and around town Anywhere but the football then ? 2 Link to comment Share on other sites More sharing options...
Follyfoot Posted May 31, 2022 VT Supporter Share Posted May 31, 2022 57 minutes ago, Amsterdam_Neil_D said: Anywhere but the football then ? I would imagine standing outside Rumbelows window watching the teleprinter hoping to see vile lose 1 Link to comment Share on other sites More sharing options...
Amsterdam_Neil_D Posted May 31, 2022 Share Posted May 31, 2022 1 minute ago, Follyfoot said: I would imagine standing outside Rumbelows window watching the teleprinter hoping to see vile lose "Rumbelows" Showing our age. 1 Link to comment Share on other sites More sharing options...
Stevo985 Posted May 31, 2022 VT Supporter Share Posted May 31, 2022 On 27/05/2022 at 13:57, sidcow said: Even the biggest, most stubborn turd flushes eventually. All joking aside, they will go down eventually unless there is a fundamental change at the club. The vast majority of teams that spend a few seasons circling the drain eventually go down. We're evidence of that Link to comment Share on other sites More sharing options...
Follyfoot Posted May 31, 2022 VT Supporter Share Posted May 31, 2022 10 minutes ago, Amsterdam_Neil_D said: "Rumbelows" Showing our age. Or in Hills with a pocket full of stolen pencils to proudly give their sister/babbies Mother (instead of the Child Allowance)whist waiting for the Vile result to kick off their weekly 5p Heinz 1 Link to comment Share on other sites More sharing options...
Amsterdam_Neil_D Posted May 31, 2022 Share Posted May 31, 2022 9 minutes ago, Follyfoot said: 5p Heinz 1 Link to comment Share on other sites More sharing options...
meregreen Posted May 31, 2022 Share Posted May 31, 2022 4 hours ago, Stevo985 said: All joking aside, they will go down eventually unless there is a fundamental change at the club. The vast majority of teams that spend a few seasons circling the drain eventually go down. We're evidence of that Like a floater in the bog, enough flushes, and they will eventually disappear round the bend. Link to comment Share on other sites More sharing options...
Demitri_C Posted May 31, 2022 Share Posted May 31, 2022 There is always three teams worse. Sunderland will stay up but Rotherham are pants. Yo yo every year they are the chanpionships norwich. Wigan will probably go down as well so all it leaves is one spot left for the blosers Link to comment Share on other sites More sharing options...
Demitri_C Posted May 31, 2022 Share Posted May 31, 2022 Latest nursery update: Lopez and richardson don't want to buy the club for two years and then "if" it goes well they will buy them afterwards A) sounds like they don't have the money to buy them b) they know the clubs in a sheer mess so they dont want to end up in the aftermath if they dint gi up within 2 years Link to comment Share on other sites More sharing options...
useless Posted May 31, 2022 Share Posted May 31, 2022 They desperately need to sell up before the law catches up with that 'Mr King', otherwise they could find themselves in a similar situation that they were in when Yeung was arrested, maybe worse, which is why a partial sale is no good to them, need a clean break. This proof that Mr King is the real owner might help them in the long run, but that they've been run by someone who hasn't taken the fit and proper person test surely can't go without consequences, in that article says he could go to jail for it as it's against Hong Kong stock exchange rules, and that's seemingly not the only thing he's in trouble for, even if he had have taken the test would have failed which is what makes it worse. Link to comment Share on other sites More sharing options...
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