SeanO Posted February 20, 2016 Share Posted February 20, 2016 I'm almost at the point of "resigning" myself as I'm disgusted by what has and is happening to Aston Villa. The only reason I haven't yet is because I'm not fickle and my support has never been about glory hunting. I used to love watching player's really play like they gave a shit but honestly I dislike every current player, I can't think of one of them that is worthy of our support or is fit to wear C&B. The owner couldn't care less, the board is full of people who aren't difficult to dislike. The whole place is toxic and I'm not sure how much longer I can keep following the club who I've loved since 1st stepping into VP in the late 60's as a kid, this isn't just about results I can accept that you win some you lose some and although it says Villa Park it's not home to the club I love anymore. Link to comment Share on other sites More sharing options...
Richard Posted February 20, 2016 Share Posted February 20, 2016 14 hours ago, jackbauer24 said: Apparently Robin Russell has resigned from the board. He's the Chief Financial Officer. Read what you want in to that... His role was largely irrelevant once hollis was taken on Link to comment Share on other sites More sharing options...
Kingman Posted February 20, 2016 Share Posted February 20, 2016 13 hours ago, Shaw_nuff said: Grim stuff. Randy, you're a coward! General 'Cheesburger' Krulak, you're a coward too. I don't care how many tin-pot armies your glorious billion-petro-dollared marines defeated in 'battle'. How about coming out with the truth about the 'streamlining' of this once-great institution. I've seen deliberate leaning on employees before to force resignations like this. It takes a particularly malicious mindset. It's a car crash in slow motion. Krulak is a whopper alright! Link to comment Share on other sites More sharing options...
AndyBM Posted February 20, 2016 Share Posted February 20, 2016 you really have to wonder if randy is any sort of businessman and not just living on the tails of his father, when you see mocking articles like this... http://www.socceronsunday.com/article/aston-villa-close-doors-permanently/ thanks randy for turning this club into a joke... 1 Link to comment Share on other sites More sharing options...
NorthernGordon Posted February 20, 2016 Share Posted February 20, 2016 If I may jest for a moment (or am I?), we're missing the obvious here. Lerner is a Bluenose.... Link to comment Share on other sites More sharing options...
foreveryoung Posted February 20, 2016 Share Posted February 20, 2016 22 minutes ago, NorthernGordon said: If I may jest for a moment (or am I?), we're missing the obvious here. Lerner is a Bluenose.... That would be a great song to start chanting. I mean he and his customer services manager did bring Mcleish here, which will go down as one of the great mysteries of the world. Link to comment Share on other sites More sharing options...
Harry Posted February 20, 2016 Share Posted February 20, 2016 19 hours ago, jackbauer24 said: Apparently Robin Russell has resigned from the board. He's the Chief Financial Officer. Read what you want in to that... He was pushed, he left two weeks yesterday I think. Staff get regular emails telling them who has left. Mind you I do wonder what he was doing in the role given the financial mess the clubs is in. He was there in the MON years but on the face of it what control was he exercising? (unless of course he was overruled by Lerner). Robin Russell is ex PwC, Villa's current auditors. I fully expect him to be replaced by an ex KPMG person. Link to comment Share on other sites More sharing options...
Harry Posted February 20, 2016 Share Posted February 20, 2016 4 hours ago, Richard said: His role was largely irrelevant once hollis was taken on Hollis will get his own man in. Link to comment Share on other sites More sharing options...
foreveryoung Posted February 20, 2016 Share Posted February 20, 2016 2 minutes ago, Harry said: He was pushed, he left two weeks yesterday I think. Staff get regular emails telling them who has left. Mind you I do wonder what he was doing in the role given the financial mess the clubs is in. He was there in the MON years but on the face of it what control was he exercising? (unless of course he was overruled by Lerner). Robin Russell is ex PwC, Villa's current auditors. I fully expect him to be replaced by an ex KPMG person. I think he could be replaced by a Russian KGB person and at the moment, it would still make no F**** difference. Link to comment Share on other sites More sharing options...
Grasshopper Posted February 20, 2016 Share Posted February 20, 2016 (edited) RL has set AVFC up so he can Reduce-Take out-Sell. Stephen Hollis is an Administrater by another name. His brief is to get rid of our higher earners. He'll take whatever is offered to cash in (even at a loss because for him every player staying is dead capital) Players that come in will cost less than the sum of players going out. Players coming in will be on wages less than the ones going out. It's a simple philosophy from now on. Sell who are sellable, buy who are buyable. Money coming in should be more than money going out. Expect ins & outs at every level and department of the club. It will be like being in Administration. Hollis being the Administrater. RL wants money back by hook or crook. parachute payments will convert the debt that is now aquity to cash in hand, RL's hand. Performance related revenue will be offset by "cash to RL reducing potential loss against possible sale price" ie, RL wants £300mil - 50mil dept/equity/cash out cull nr1 = 250mil - senario1, offer from unknown possible buyer 100mil = 150mil difference. No sale, cull nr2 = 50mil. Balance 200mil. senario2 75mil offer - 125mil difference. No sale. Cull nr3 = 50mil. Balance 150mil. Senaro3 50mil offer - 100mil difference. No sale. Cull nr4 =50mil. Balance 100mil. Senario3 50mil offer. Difference 50mil = hmm, cash in on sale? Think about it? Seems to be working so no sale yet, 1 more cull =50mil. Balance 50mil. Senario X 50 mil offer = yippy, I got my money back. SOLD Regardless what league we are in we will be scaled down accordingly. The figures quote are just to fit the equation. When all is said and done and we reach the bottom and our "calculator" cannot calculate any more cash-to-RL, there is still the training ground and Stadium as sellable items. We are on our way to do a Leeds/Portsmouth. Then again, it could be worse. In 5 years time we could be 1) Still owned by RL 2) in Div ? 3) Renting VP 4) Renting BMH 5) Nobody willing to buy us ****ed. Totally F***** Edited February 20, 2016 by Grasshopper 1 Link to comment Share on other sites More sharing options...
Popular Post OutByEaster? Posted February 20, 2016 Moderator Popular Post Share Posted February 20, 2016 7 minutes ago, Grasshopper said: RL has set AVFC up so he can Reduce-Take out-Sell. There's a problem with this. Reduction is a matter of reducing the losses - reducing the amount of money Lerner is having to put in every year in order to keep us afloat. Now there's a chance that if we stayed up he could turn that around to being about a flat line, where he could let the club run itself and not have to contribute, but bringing it into profit would be very unlikely. In the championship, there's absolutely no chance of a take out - to do that we'd have to reduce our playing staff in half, and doing that would mean dropping again and reducing revenues, it's just not a possible model. Randy Lerner will continue to lose money every year that he owns this football club. I'm with you on the reduction, and I think Hollis is a hatchet man, here to put an emergency brake on the losses and try to get them reduced as far as they can be, but Lerner isn't getting anything out, and he knows it - at the end of the process when it eventually comes, he'll be a couple of hundred million pounds poorer and the club will be ruined - it takes a truly massive incompetence and a fair lump of bad luck to spend that much money making anything worse - but he has, and he'll lose the lot and quite frankly he'll deserve to. Lets say he wants £150m for the club, and he's invested £300m in his time here - he know's he'll never get that £150m back - it's gone, it won't happen. Now if no one wants to buy at £150m he's in a real quandary, because he either needs to find a very clever way to invest more money in order to bring the value of the club up, or he needs to lower his selling price - at £100m that extra £50m becomes a bitter pill to swallow - but he ought to be motivated to sell it quickly - because that pill will grow every year - he can either put more of his own money in (knowing he'll never see that money again) or he can load the club with debt (knowing this reduces the asking price), and while he's faffing about worrying about that, the club is spiralling into something that could end up in a truly catastrophic place. 5 Link to comment Share on other sites More sharing options...
jackbauer24 Posted February 20, 2016 Share Posted February 20, 2016 What will people's view be if, as I suspect, we're in profit this year? Approximately a year ago Villa announced yearly losses had fallen from £52m to £4m. That's a big jump. In the last year we have further cut costs (partic wages) and I can see us posting a profit. I think new accounts will be released within the next couple of weeks. A small profit and maybe that's good business, but what if the jump was the same again and we were £40m in profit? Obviously unlikely but what amount would have you seething that we didn't invest more in summer/ January or even going forward? Link to comment Share on other sites More sharing options...
HanoiVillan Posted February 20, 2016 Share Posted February 20, 2016 58 minutes ago, jackbauer24 said: What will people's view be if, as I suspect, we're in profit this year? Approximately a year ago Villa announced yearly losses had fallen from £52m to £4m. That's a big jump. In the last year we have further cut costs (partic wages) and I can see us posting a profit. I think new accounts will be released within the next couple of weeks. A small profit and maybe that's good business, but what if the jump was the same again and we were £40m in profit? Obviously unlikely but what amount would have you seething that we didn't invest more in summer/ January or even going forward? Tom Fox made a comment at the last fan meeting about how we're very far from a profit-making club (near-exact quote). I suspect we'll have bigger losses in the accounts. Link to comment Share on other sites More sharing options...
sne Posted February 20, 2016 Share Posted February 20, 2016 Congratz to Lerner for turning Villa into the club other fans look at thinking "things might be bad, but at least we are not Aston Villa" 2 Link to comment Share on other sites More sharing options...
TRO Posted February 20, 2016 Share Posted February 20, 2016 It seems he just wants to play "God" with Aston Villa. Not certain his dad ever passed on his money with an intention like that. Link to comment Share on other sites More sharing options...
jackbauer24 Posted February 20, 2016 Share Posted February 20, 2016 8 minutes ago, HanoiVillan said: Tom Fox made a comment at the last fan meeting about how we're very far from a profit-making club (near-exact quote). I suspect we'll have bigger losses in the accounts. That may well be the case and the figures may end up backing up his arguments BUT either way questions need to be asked. If nothing else, does a greater loss point to creative accounting? I can't think of many reasons why our losses in the next report year should be higher than the previous one but I can see a few reasons why they should be better still. More money in; Fox said sponsorship up, FA Cup run. Less money out; huge wages gone, other costs cut. Why would losses be greater? Link to comment Share on other sites More sharing options...
OutByEaster? Posted February 20, 2016 Moderator Share Posted February 20, 2016 44 minutes ago, jackbauer24 said: That may well be the case and the figures may end up backing up his arguments BUT either way questions need to be asked. If nothing else, does a greater loss point to creative accounting? I can't think of many reasons why our losses in the next report year should be higher than the previous one but I can see a few reasons why they should be better still. More money in; Fox said sponsorship up, FA Cup run. Less money out; huge wages gone, other costs cut. Why would losses be greater? I was the fan he said it to, and the reasons you've given above are the exact reasons I asked him. For me there's one thing going down and another thing going down making a profit, which I seem to remember saying at the time - he was very clear that we were "nowhere near" making a profit. If we are, I'll be disappointed in him as a person. 1 Link to comment Share on other sites More sharing options...
DCJonah Posted February 20, 2016 Share Posted February 20, 2016 Just now, OutByEaster? said: I was the fan he said it to, and the reasons you've given above are the exact reasons I asked him. For me there's one thing going down and another thing going down making a profit, which I seem to remember saying at the time - he was very clear that we were "nowhere near" making a profit. If we are, I'll be disappointed in him as a person. I'm sure I remember Faulkner saying we were close to being profitable. How have we gone from that to 'nowhere near' while finishing bottom of the league? Something doesn't add up. Link to comment Share on other sites More sharing options...
OutByEaster? Posted February 20, 2016 Moderator Share Posted February 20, 2016 Well the wage bill will have increased, and we did spend a little on transfers in the summer - but I'm not sure that's going to be in this set of accounts. I'm always a bit baffled as to what exactly the timeframes are on the way the club presents its accounts and I'm not sure what period will be covered. Link to comment Share on other sites More sharing options...
Jareth Posted February 20, 2016 Share Posted February 20, 2016 Randy wont milk the club, he just wants it to self sustain. All eyes on the accounts. I think we will be in profit. Link to comment Share on other sites More sharing options...
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