JuanPabloAngel
Alert Team
Translation: we don't really know anything apart from the stated facts so why is everyone (or at least, a number of Vital users) getting their knickers in a twist.
Steve Round
- Thread starter pvb1968
- Start date
Translation: we don't really know anything apart from the stated facts so why is everyone (or at least, a number of Vital users) getting their knickers in a twist.
Merlin128777
Vital Squad Member
Maybe the reported fact that he turned down offer of 40 mill for 30% of the club +a reported extra 16 mill if we got promoted within 2 seasons.
Also in a separate report that he does not want to sell to Americans
Speaking of which Yank wasnt there an interest from your employers any inside info on what happened to that bid ?
Just add to the above list Bruce has reportedly been told we cant buy even free transfer players, the goalkeeper we have nurtured for 2 years has signed for our local rivals, most of the first team appear to be up for sale and if this git doesnt sort it out soon we will end up going into administration most of the players worth keeping will be sold at bargain prices and we will have an automatic points deduction of 12 points.
Not to mention if all debts are not covered we could end up having to sell all our assets including Villa Park. So with all due respect Yank that is why we have our skivvies in a bunch.
The Fear
A Wise Man (once sat next to him)
There appears to be willing buyers. But not, yet, ones acceptable to Xia. Is it because they're dodgy, or they don't fit in with his own personal goals?
well, some want the money to go INTO Aston Villa and not into Xia's pocket. That's a major stumbling block.
The Fear
A Wise Man (once sat next to him)
Ha, I can't figure if this is tongue in cheek (if so..
) or not.If not... well, they are in a bunch because we are in a fantastically bad situation and they should be in a bunch. We've been close to disaster before, in the 60's before my time and also then at the end days of Doug overdrafts were being withdrawn and the modern business of football had passed him by.
But this one is a big enough crisis to have fans very worried. I still believe when push comes to shove, someone will be able to get in to save the club, but it was put to me that it might have to get worse before it gets better.
McParlandTheGreat
Vital Champions League
Not sure administration would be a bad thing. Presumably that would take Xia's hands of the controls. Not sure about this but it may also mean that the club could then be sold, as a whole. If so, the price raised would be easily enough to cover debts, and we'd have a new owner. Xia would get some of the money but not all.
FFP and points deduction for administration would apply. But may be worth it for this coming year. I've a gut feeling that the EFL would not hit us too hard; a catastrophy for one of their brightest stars wouldn't be in their interests, and the reason we're here is largely historic, not one of trying to cheat.
FFP and points deduction for administration would apply. But may be worth it for this coming year. I've a gut feeling that the EFL would not hit us too hard; a catastrophy for one of their brightest stars wouldn't be in their interests, and the reason we're here is largely historic, not one of trying to cheat.
sirdennis
Alert Team
Administration would be a disaster, the administrators duty is to act in the best interests of the creditors until they find a buyer as they would look to make the club financially appealing to buyers they would probably sell off any player that would raise a fee.
Add that to the automatic 12 point deduction and relegation would be almost a certainty.
Add that to the automatic 12 point deduction and relegation would be almost a certainty.
1958Villan
Vital Football Hero
The idea of selling off Villa Park could be why things are so bad. Wait until the sale is enforced, have a partner buy it cheaply and then build housing on the site, result equals pockets full of cash.
McParlandTheGreat
Vital Champions League
Best interests of the creditors are unlikely to be served by a fire sale. The club is more financially appealing if it can avoid sinking below a certain level. Keeping a seriously competitive squad makes the club far more attractive to purchasers. Basically, all the club needs is a certain infusion of cash to continue as a viable going concern. That can most easily be done by a sale to someone who can provide that cash, both now and as regards medium term needs. Administrators look first for the most positive approach.
The 12 point deduction would almost certainly scupper promotion hopes, but of itself would take us nowhere near relegation. It's decimating the squad which makes relegation a clear possibility.
Claret & Blue Blood
Vital 1st Team Regular
Hi Gator
Yes, my VV name says what you are saying. I was in the clock end at Highbury in 81 and at Rotterdam in 82. We cannot just up sticks and do other things as we are devoted to the cause. I was on the Holte End the day were relegated to the 3rd Division, so I have seen dark days too.
We will come through the current crisis and will return to glory once again.
VTID
Claret & Blue Blood
Vital 1st Team Regular
Another constructive dismissal law suit - Dr X must have money to burn!!
gator
Vital Champions League
Hi to you too
I'm 55 and went to my first game in 1970 which what I believe without checking it out the season we won the third division but really didn't understand what had gone on before so I missed out on the bad shit.But the journey from 70 onwards was fantastic and the Ron Saunders years was Roy of the Rovers stuff absolutely brilliant.But yeah we will be back we specialise in it were far too big and important to simply disappear just wish the charlatan would do the honourable and piss off.
D
Deleted member 141568
Guest
Steve round was pointless let's be honest , in his roll you need a Mendez type figure who has contacts to get top players in for cheaper prices Steve round is just hot air implemented a style of play apparently have a day off have you seen our football ? It's a managers job to set a style of football and it shouldn't take long
AllanJW
Vital Newbie
All of that would be lovely if the process of administration worked like that in the real world; it doesn't. I'm not trying to cause a fight, I just have experience here.
The appointed administrators do NOT often work in the 'best interests' of all creditors. They should but they don't because they can get away with it. They often work in the interests of their close contacts in banks and other professional service firms (lawyers, accountants and investment firms); those interests could not be further removed from the emotions of an historic football club.
Just ask those businesses which were 'advised' by the restructuring units of banks whose stories have been tracked and are now causing waves;
https://www.independent.co.uk/news/...rty-parliamentary-group-on-fair-a8419261.html
Administration would be catastrophic IMO.
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McParlandTheGreat
Vital Champions League
I'm not talking about emotions of a historic football club. I'm talking about cold hard financial calculations. I'm sure you're right about there being examples of administration (particularly under banks) which have taken a very narrow approach to paying off certain creditors and wrecking the business in the process.
However, not all adminstrations are like that. There are loads of examples where an attempt has been made to keep the business going and find a buyer who will take it on. Pretty sure that would happen in Villa's case. A sale (the problem seems to be Xia stalling rather than finding buyers) would solve the cash-flow problems. Any buyer of a football club would (should) be aware of the sort of further investment needed.
Villan57
Alert Team
We'll just have to disagree then mate .
I think he's done nothing of any note . Not that any of us know what he's been doing .
I heard people waxing Lyrical about Xia and Wyness turns out they are actually worse than Randy and Fox . Probably for the opposite reasons
I expect the truth will out one day
Villan57
Alert Team
Some sense at last , the truth is none of us know what is happening and the press are making shit up because there is no communication from the club ,
The Fear
A Wise Man (once sat next to him)
The Fear
A Wise Man (once sat next to him)
The club can't really communicate, it is rudderless, staff are in the dark.
There are a few in the press who don't make up shit, some are used by interested parties to put pressure on.
