Quote from: Risso on July 29, 2018, 02:54:38 PMQuote from: old man villa fan on July 29, 2018, 02:38:03 PMAlthough I am not saying that Xia didn't add to our financial problems but he inherited a financial time bomb of existing players' contracts. I think this gets forgotten with what has gone on since.It's not forgotten, but Xia bought the club, and when you do, you buy all of the assets and liabilities that it has. He'd have done his due diligence so none of it should have been a surprise.That's true so none of it should have been a surprise. But the approach he took was to invest to get us out as opposed to a more conservative approach. Which could have been the way to go. No doubt there was naivety in a number of his decisions along with mistakes.
Quote from: old man villa fan on July 29, 2018, 02:38:03 PMAlthough I am not saying that Xia didn't add to our financial problems but he inherited a financial time bomb of existing players' contracts. I think this gets forgotten with what has gone on since.It's not forgotten, but Xia bought the club, and when you do, you buy all of the assets and liabilities that it has. He'd have done his due diligence so none of it should have been a surprise.
Although I am not saying that Xia didn't add to our financial problems but he inherited a financial time bomb of existing players' contracts. I think this gets forgotten with what has gone on since.
Anyone read the FT article on why the Chinese owners are having difficulty? It's behind a paywall so I can't get back on again, though you may be able to first time.
Quote from: Toronto Villa on July 29, 2018, 02:56:51 PMQuote from: Risso on July 29, 2018, 02:54:38 PMQuote from: old man villa fan on July 29, 2018, 02:38:03 PMAlthough I am not saying that Xia didn't add to our financial problems but he inherited a financial time bomb of existing players' contracts. I think this gets forgotten with what has gone on since.It's not forgotten, but Xia bought the club, and when you do, you buy all of the assets and liabilities that it has. He'd have done his due diligence so none of it should have been a surprise.That's true so none of it should have been a surprise. But the approach he took was to invest to get us out as opposed to a more conservative approach. Which could have been the way to go. No doubt there was naivety in a number of his decisions along with mistakes. Was he naïve? Or did he entrust the available funds to people who spent it on the wrong players in the wrong system? - maybe that was his naivety (answering my own question!).
Quote from: Mister E on July 31, 2018, 09:31:26 AMQuote from: Toronto Villa on July 29, 2018, 02:56:51 PMQuote from: Risso on July 29, 2018, 02:54:38 PMQuote from: old man villa fan on July 29, 2018, 02:38:03 PMAlthough I am not saying that Xia didn't add to our financial problems but he inherited a financial time bomb of existing players' contracts. I think this gets forgotten with what has gone on since.It's not forgotten, but Xia bought the club, and when you do, you buy all of the assets and liabilities that it has. He'd have done his due diligence so none of it should have been a surprise.That's true so none of it should have been a surprise. But the approach he took was to invest to get us out as opposed to a more conservative approach. Which could have been the way to go. No doubt there was naivety in a number of his decisions along with mistakes. Was he naïve? Or did he entrust the available funds to people who spent it on the wrong players in the wrong system? - maybe that was his naivety (answering my own question!).The problem was that the funds that he said were available, and signed off the annual accounts to this effect, actually weren't.
Or were when he signed them and subsequently became unavailable.
Tony was full of shady shit but deserves a modicum of thanks for getting two genuinely minted people n board to save the club from oblivion. I wouldn't bet on seeing him inside VP again, mind.
Quote from: mr underhill on July 31, 2018, 01:13:05 PMTony was full of shady shit but deserves a modicum of thanks for getting two genuinely minted people n board to save the club from oblivion. I wouldn't bet on seeing him inside VP again, mind.Youre not for one minute suggesting that a seat next to Tony comp has finished !?
It would be great to see what happens if it is still on and aLF TiTiMUs gets to SIT NEXt TO HiM