Tony Xia interview in The Guardian

[curiousorange]

I have no idea how business is conducted in China. I have no idea how business is conducted here, for that matter. But all I can say is that Xia's business has never looked like a business that I would recognise as one, has no hallmarks of a successful conglomerate that I would expect to see, and even the first inkling that he was buying us, with that real/fake translated statement someone pulled out from somewhere was underwhelming.

Now, money has been put into the club. I'm not disputing that we must have thrown a fair amount of wedge around. Xia might be worth seventy trillion quid. But it seems to me that whenever a little red flag has popped up in our owner's business history, it's been rewritten as simply our lack of understanding of how these things are done. For those unable to take those little leaps of faith, it's small wonder we're cracking out the cutthroat razors and dusting off the bleach.

[four fornicholl]

I have no idea how business is conducted in China. I have no idea how business is conducted here, for that matter. But all I can say is that Xia's business has never looked like a business that I would recognise as one, has no hallmarks of a successful conglomerate that I would expect to see, and even the first inkling that he was buying us, with that real/fake translated statement someone pulled out from somewhere was underwhelming.

Now, money has been put into the club. I'm not disputing that we must have thrown a fair amount of wedge around. Xia might be worth seventy trillion quid. But it seems to me that whenever a little red flag has popped up in our owner's business history, it's been rewritten as simply our lack of understanding of how these things are done. For those unable to take those little leaps of faith, it's small wonder we're cracking out the cutthroat razors and dusting off the bleach.

He hasn't got any money, he's a fucking chancer.

[in exile]

He hasn't got any money, he's a fucking chancer.

There's a thread here just for you - http://www.heroesandvillains.info/forumv3/index.php?topic=58714.0

[oldhill_avfc]

Libel .... did Xia not start it?

He's a Dr don't you know?

[dave.woodhall]

He hasn't got any money, he's a fucking chancer.

There's a thread here just for you - http://www.heroesandvillains.info/forumv3/index.php?topic=58714.0

Absolutely. Pack it in or do it somewhere else.

[footyskillz]

I do think Xia provided with a great platform and Its not unreasonable to think the football people failed him.

Everything was put in place for promotion and in some ways it wasn't a gamble.

An experienced manager. Experienced players. Unfortunately the result of non promotion is a real financial problem and Dr Xia pretty much did his side of the bargain don't we think?
As much as he could do given circumstances too!!

[liam]

I do think Xia provided with a great platform and Its not unreasonable to think the football people failed him.

Everything was put in place for promotion and in some ways it wasn't a gamble.

An experienced manager. Experienced players. Unfortunately the result of non promotion is a real financial problem and Dr Xia pretty much did his side of the bargain don't we think?
As much as he could do given circumstances too!!

But there are different types of gambles, and it looks like he bet everything. A gamble is not a sure thing and he has been very reckless, there was no backup plan by the look of things. I'm all for taking a chance, 2 often in the past we never speculated, but this time we went all in, and its backfired massively. To put at risk the future of the club is unacceptable and foolish,

[Rudy Can't Fail]

I do think Xia provided with a great platform and Its not unreasonable to think the football people failed him.

Everything was put in place for promotion and in some ways it wasn't a gamble.

An experienced manager. Experienced players. Unfortunately the result of non promotion is a real financial problem and Dr Xia pretty much did his side of the bargain don't we think?
As much as he could do given circumstances too!!

Indeed but you don't bet the farm on a three legged donkey. Xia obviously had his doubts but was convinced by Wyness and Round we had a pedigree. Where he most certainly is to blame is he more than anybody had access to the books and knew full well the consequences.

[BoVillan esq]

Thing is, one area of business that's the same the world over, once your in a position of making arrangements to pay debts to such as HMRC and your doing it in a way of staged payments, 500k the other day, a further lump sum tomorrow, rest by the end of the month, then the games up, your cash flow is screwed and probably your line of credit at the bank, even taking into account any kind of bridging loan, so he can't even get that, furthermore, its no big deal being caught out by HMRC to pay a massive tax bill that catches you wrong footed, happens to a lot of massive business all over, the huge difference is if you have the money you put in  place a team of very expensive accountants to sit down with HMRC to firewall you, make a settlement payment of a certain percent and write the rest of, that's when your coming from a position of strength, justs point out to me, even further, how deep this goes and how big casino these guy have been when they rolled the dice.   

[footyskillz]

Come on that squad and manager was put together for soul intention to be promoted. It was given so much opportunity in buying the best players of the championship and experienced players from the Prem.

It's shocking how that squad on those wages hasn't produced. It was quality all the way through.
Kodjia
Hogan
Grabban
Mccormack
Waste money or not it was the football side of things to get right.
That I concede would be a gamble but in comparison to what other squads in championship had were streets ahead.

I conclude the football side hadn't failed this wouldn't have happened.

[IFWaters]

Come on that squad and manager was put together for soul intention to be promoted. It was given so much opportunity in buying the best players of the championship and experienced players from the Prem.

It's shocking how that squad on those wages hasn't produced. It was quality all the way through.
Kodjia
Hogan
Grabban
Mccormack
Waste money or not it was the football side of things to get right.
That I concede would be a gamble but in comparison to what other squads in championship had were streets ahead.

I conclude the football side hadn't failed this wouldn't have happened.

Hi Tony. I agree with you.

[GarTomas]

Come on that squad and manager was put together for soul intention to be promoted. It was given so much opportunity in buying the best players of the championship and experienced players from the Prem.

It's shocking how that squad on those wages hasn't produced. It was quality all the way through.
Kodjia
Hogan
Grabban
Mccormack
Waste money or not it was the football side of things to get right.
That I concede would be a gamble but in comparison to what other squads in championship had were streets ahead.

I conclude the football side hadn't failed this wouldn't have happened.

Hi Tony. I agree with you.

That’s a bit unfair.  I think the point is although the finances don’t fall under Bruce’s remit he was given a lot of money and wages to spend and didn’t build a balanced squad.