NSWE Investment

[eamonn]

No move away from VP? Woop woop! Take that, progressives!

[dave.woodhall]

Looking around, it's incredible how much support Xia still has. He was a charlatan, a con man if you like, who almost took us into administration yet somehow there's always an excuse for him.

I wasn't aware he had any support left amongst Villa fans. I thought we realised that however good his rather deluded intentions may or may not have been were he was very much a 'smoke and mirrors' owner. The only surprise is he rocked up at Villa Park instead of Small Heath, where he would have fitted in with their ownership pattern.

Look on Facebook and there's some feeling sorry for him.

[Bad English]

Looking around, it's incredible how much support Xia still has. He was a charlatan, a con man if you like, who almost took us into administration yet somehow there's always an excuse for him.

Sounds a bit like Boris Johnson. But at least Xia was removed before he could tip us over the edge.

[not3bad]

August 12 – Aston Villa have parted ways with businessman and former owner Tony Xia. The Chinese was removed as director and member of the board after he failed to pay his predecessor Randy Lerner a £30 million bonus.

In June 2016 the American Lerner sold Villa to Xia for £76 million after the club were relegated from the Premier League, but when Villa subsequently failed to gain promotion back to the top flight financial issues were beginning to expose the smokescreen Xia largely put up with his vocal presence on social media.

Administration was looming for the club when NSWE, a company headed by the world’s fourth-richest African Nassef Sawiris and American private equity investor Wes Edens, bought a 55% stake in 2018.

Under Xia’s ownership the club spent big, but with little reward. Villa lost about £50 million during his two seasons in charge.

Since the arrival of Sawiris and Edens the club’s financial position has stabilised. The club is run through the Recon Group UK holding company and has seen an injection of £200 million. Villa spent over £100 million on 12 new signings during the close season to try and build a competitive team for their return to the top flight.

At the weekend Villa opened their league season with a 3-1 defeat at Tottenham Hotspur. John McGinn had given the visitors a surprise lead early on and Villa stayed competitive until a quick-fire brace from Harry Kane in the last five minutes tilted the game in Tottenham’s favour.

http://www.insideworldfootball.com/2019/08/12/xia-axed-aston-villa-board-failure-pay-lerner-30m-bonus-fee/

[dave shelley]

The author of that piece has a name that rivals that of our own Marvelous.

[JUAN PABLO]

Aston Villa's generous owners are continuing to show their commitment to the club, with the injection of a further £57million into the club via a share issue.


Must say Im loving these owners

[Ads]

RECON has also had its name changed, so Xia and any trace of him is now long gone.

[Dogtanian]

I suspect that a large part of this could be for whatever they are planning regarding the demolition and construction behind the North Stand.

[Risso]

I suspect that a large part of this could be for whatever they are planning regarding the demolition and construction behind the North Stand.

I wouldn't have thought so, it'll be day to day working capital I'd have thought, in advance of getting the first slab of lovely TV money.  In one of the resolutions, it says that such injections are limited to £100m, so that's over half of that taken up.  Presumably though, they can increase this in future if they like.

[brentastonb6]

Looking around, it's incredible how much support Xia still has. He was a charlatan, a con man if you like, who almost took us into administration yet somehow there's always an excuse for him.

Sounds a bit like Boris Johnson. But at least Xia was removed before he could tip us over the edge.

Says you from France ? Keep politics out of sport unless you pay your taxes here still ??

[Monty]

Looking around, it's incredible how much support Xia still has. He was a charlatan, a con man if you like, who almost took us into administration yet somehow there's always an excuse for him.

Sounds a bit like Boris Johnson. But at least Xia was removed before he could tip us over the edge.

Says you from France ? Keep politics out of sport unless you pay your taxes here still ??

Wow. Also tell that to Nigel Lawson/Barclay brothers/Ashcroft as well.

[brentastonb6]

Looking around, it's incredible how much support Xia still has. He was a charlatan, a con man if you like, who almost took us into administration yet somehow there's always an excuse for him.

Sounds a bit like Boris Johnson. But at least Xia was removed before he could tip us over the edge.

Says you from France ? Keep politics out of sport unless you pay your taxes here still ??

Wow. Also tell that to Nigel Lawson/Barclay brothers/Ashcroft as well.

Wow Monty , yes I agree with you, it’s not saying anyone can’t have an opinion but unless they are contributing to our country economically their views of our economy  are just diminished in my eyes . And for all I know BE and all those you mention might be contributing hence my question marks .  It’s a bit like Mr Simply Red Mick Hucknall preaching his socialist mantra to us about inequality and what we should be doing whilst domiciled in Italy and paying sweet FA in tax here at the time.

[Risso]

Well, that escalated quickly.

[malckennedy]

Looking around, it's incredible how much support Xia still has. He was a charlatan, a con man if you like, who almost took us into administration yet somehow there's always an excuse for him.

Sounds a bit like Boris Johnson. But at least Xia was removed before he could tip us over the edge.

Says you from France ? Keep politics out of sport unless you pay your taxes here still ??

I pay my taxes here, can I say it please? Here goes - sounds a bit like Boris Johnson.

[Monty]

Looking around, it's incredible how much support Xia still has. He was a charlatan, a con man if you like, who almost took us into administration yet somehow there's always an excuse for him.

Sounds a bit like Boris Johnson. But at least Xia was removed before he could tip us over the edge.

Says you from France ? Keep politics out of sport unless you pay your taxes here still ??

Wow. Also tell that to Nigel Lawson/Barclay brothers/Ashcroft as well.

Wow Monty , yes I agree with you, it’s not saying anyone can’t have an opinion but unless they are contributing to our country economically their views of our economy  are just diminished in my eyes . And for all I know BE and all those you mention might be contributing hence my question marks .  It’s a bit like Mr Simply Red Mick Hucknall preaching his socialist mantra to us about inequality and what we should be doing whilst domiciled in Italy and paying sweet FA in tax here at the time.

So I suppose you've never said anything about any other country then? Good to know.