Edens and Sawiris fund NSWE Stadium Ltd with £60m of their own money. NSWE Stadium Ltd pay Aston Villa FC Ltd (or whatever our holding company is called) £60m to buy the stadium. Aston Villa FC Ltd now have an added income of £60m on the books and therefore reduce their losses and pass FFP. NSWE Stadium Ltd have -£60m on their books, but that does not matter, because they are not subject to FFP. They are a seperate company.It is basically a really, really transparent way for Edens and Sawiris to get money into the club. A little bit like selling massively overvalued naming rights (Man City).I am just glad we have owners with enough money to do this to avoid us getting shafted over finances. They have, apparently, done this at a figure which is just right to get us out of the shit whilst not looking insanely dodgy (apparently Derby did the same thing except for a higher figure which attracted way more suspicion).
Quote from: sirlordbaltimore on June 28, 2019, 06:40:20 PMWhat i don't understand is .. who have they bought it from ?Don't they already own it ?When they bought the club surely Villa Park was part of the deal if not who owns it ?It’s called capitalism and it’s bollocks. Philip Green’s wife owns his businesses and lives in Monaco, Facebook and Amazon pay less tax than me. Apparently, this is a really good way of generating a huge amount of money and the crumbs thereof landing on our plates mean that it is entirely in our interests.
What i don't understand is .. who have they bought it from ?Don't they already own it ?When they bought the club surely Villa Park was part of the deal if not who owns it ?
If you want a laugh at some thick fucking idiots, check out the thread on this on smallcockalliance.comObviously, they have a special thread every time we so much as sign someone.
If this was the silver bullet for our FFP worries, would we have been in the shit otherwise? I mean before this story broke what were the best guesses for Purslow being so confident that our finances were OK?
Quote from: eamonn on June 29, 2019, 01:06:47 AMIf this was the silver bullet for our FFP worries, would we have been in the shit otherwise? I mean before this story broke what were the best guesses for Purslow being so confident that our finances were OK?I had always assumed it was compensation for the HS2 rail link bisecting Bodymoor Heath tbh....