gmvillan
The Shackles Are Off!
I’m no expert on this but can I assume “released from the charge” means that liens or loans no longer exist and that our owners have full ownership of said property?
Tony Xia Thread
- Thread starter Villasince63
- Start date
Merlin128777
Vital Squad Member
Think it just means the new owners have taken over or paid the said charges in other words no longer Recons debt.
Silhillvilla
Vital Football Legend
I'm totally bemused by the whole dr Tony Xia / Walter Mitty chapter in the life of avfc. Imagine we'd beat Fulham, he'd be here still wheelbarrowing tons of cash out the club back to the home land . Strange chap.
Melon Donkey
I am a little bit perplexed
Yet he has gone out and managed to get two mega rich proper businessmen involved somehow. As you say, strange times .
Silhillvilla
Vital Football Legend
I think they found avfc rather than Xia found them , either way it's one of my favourite Chinese takeaways
Melon Donkey
I am a little bit perplexed
Yeah probably. Although still can't get my head around them remotely being involved with him as they are now. Even however short it's likely (hopefully) to be.
mike_field
Vital Football Legend
That's my assumption - I just can't chase down whether this was pre Doug - Doug - RL - Xia - I can't find corresponding 'charge/mortgages begin' information. It's information that they are being settled without an original piece of information.
I'm guessing the fact this isn't a major thing in the press, means they are struggling as well.
One at least went back to the 60's for example - so it could even be stuff that's long been settled but nobody (and I would this strange given RL's early efforts) just hasn't tied up on a paperwork front.
mike_field
Vital Football Legend
As per previous response - I have to err on Xia side because it's on Recon's books, not other linked company accounts but again no original charge to lean on here for dates etc.
Whatever Sawiris is doing, he's sorting the paperwork ultimately.
mike_field
Vital Football Legend
All I say is, when was his name last in the press....the day they took over.
That speaks volumes.
And if the day couldn't get any better, it's now being reported that Dr Tony is now no longer a person holding 'significant control' at AVFC, now less than 25% by all accounts......Sawiris and Edens closing in on complete control......the good news just keeps on coming.....
McParlandTheGreat
Vital Champions League
And if the day couldn't get any better, it's now being reported that Dr Tony is now no longer a person holding 'significant control' at AVFC, now less than 25% by all accounts......Sawiris and Edens closing in on complete control......the good news just keeps on coming.....
Yep. What happens is that if part-owners put capital into the club, as Sawiris and Edens have, if other owners don't match that then their proportion of the shares decreases.
Bye Dr Bull.
"Merd"
Vital Football Hero
I think we would have done a Sunderland without him, so with hindsight he did breathe fresh life into the football club (whatever his motives). He must have taken a hit in his back pocket as well (for which I have no sympathy).
He bought us cheap, injected a bit of cash, found the kitchen was too hot and luckily found us some serious owners (more by luck than judgement I guess). Very strange time in Villa's history, but soon it will be a footnote. Onwards and upwards with a sustainable model that will see us competing for trophies once again.
McParlandTheGreat
Vital Champions League
Think he was more a person overtaken by events than anything else. Although he gave the impression of having more money available outside of China than he actually did.
