AVFC statement - McLeish sacked.

[paul_e]

Just saying.. the next accounts will probably still be in 20-25m pound loss bracket, so he's gonna spend 50m and put us in line for a loss to rival the last one?? Don't make sense to me.

Agree. The debt/write offs over the last 2 years was front loaded and the income generated so I expected more or less a break even figure (max 15m loss due to reduced match day/ league position prize money this season and next).
Logic suggests there should be dozens of Bosman bargains at the end of next season from other clubs who can be paid 40% of what they are currently on once FFP kicks in. Not that Logic has ever played much of a part in football.

I disagree, I think the 54m loss was a fair bit of clever accounting and actually made us look in a worse position than the reality.  The FFP regulations basically mean getting rid of long term debts in 1 window of bad accounts and then showing steady improvement is better than the previous system of spreading debts thin to please shareholders.  Given we're privately owned we are even better to do this.  I really wouldn't be shocked to see a bigger pot than we thought.

[rob_bridge]

aye. not forgetting we're gonna pick up precious little league placing money this year. 4m or thereabouts i think and god knows what the season tickets will be like or whether SKY will ask not to show us out of pity to their subscription holders. When you cut back as drastically as we have,it's bound to have a knock-on effect with revenues.

Easter Monday? Villa v Stoke. Jeeps if there was a more unattractive fixture in the Top League in the last 20 years then I am failing to recall

[Risso]

I disagree, I think the 54m loss was a fair bit of clever accounting and actually made us look in a worse position than the reality.  The FFP regulations basically mean getting rid of long term debts in 1 window of bad accounts and then showing steady improvement is better than the previous system of spreading debts thin to please shareholders.  Given we're privately owned we are even better to do this.  I really wouldn't be shocked to see a bigger pot than we thought.

It isn't possible to manipulate the figures in the manner that you suggest.

[rob_bridge]

I disagree, I think the 54m loss was a fair bit of clever accounting and actually made us look in a worse position than the reality.  The FFP regulations basically mean getting rid of long term debts in 1 window of bad accounts and then showing steady improvement is better than the previous system of spreading debts thin to please shareholders.  Given we're privately owned we are even better to do this.  I really wouldn't be shocked to see a bigger pot than we thought.

It isn't possible to manipulate the figures in the manner that you suggest.

A bigger pot maybe but that will be next year when the rest of the crap is 'written off'

Risso - how do you think the bankster crooks in the 'City' have got away with it for so many years? That is why the taxpayer subsidised had to underwite the talent in the City mistakes to the tune of £1300bn.

[pauliewalnuts]

Risso - how do you think the bankster crooks in the 'City' have got away with it for so many years? That is why the taxpayer subsidised had to underwite the talent in the City mistakes to the tune of £1300bn.

Eh?

The greed of the City and reckless gambling they indulged with, and Villa's accounting procedures don't have anything in common.

[Walmley_Villa]

There might be a vacancy at a familiar club down the road for Mr McLeish..

[rob_bridge]

Risso - how do you think the bankster crooks in the 'City' have got away with it for so many years? That is why the taxpayer subsidised had to underwite the talent in the City mistakes to the tune of £1300bn.

Eh?

The greed of the City and reckless gambling they indulged with, and Villa's accounting procedures don't have anything in common.

Villa embarked on reckless gambling on excessive transfer fees and wages to get to Top 4 without accountability for the person(s) in charge should they/he fail. And exacerbated by their replacements. Villa (Lerner) has come clean with their debts and could have hidden them like other clubs will/have done prior to FFS kicking in.

The link is that if you have clever accountants/risk managers can make the figures add up to anything and be obfuscated indefinitely. Clubs like Glasgow Rangers who got away with it for a decade. E.g. Bolton's debt is £50m
 

[rob_bridge]

There might be a vacancy at a familiar club down the road for Mr McLeish..

I wouldn't wish him on The Albyion. I reckon they'd take McCarthy or Ince before him. 

[Risso]

Risso - how do you think the bankster crooks in the 'City' have got away with it for so many years? That is why the taxpayer subsidised had to underwite the talent in the City mistakes to the tune of £1300bn.

Eh?

The greed of the City and reckless gambling they indulged with, and Villa's accounting procedures don't have anything in common.

Villa embarked on reckless gambling on excessive transfer fees and wages to get to Top 4 without accountability for the person(s) in charge should they/he fail. And exacerbated by their replacements. Villa (Lerner) has come clean with their debts and could have hidden them like other clubs will/have done prior to FFS kicking in.

The link is that if you have clever accountants/risk managers can make the figures add up to anything and be obfuscated indefinitely. Clubs like Glasgow Rangers who got away with it for a decade. E.g. Bolton's debt is £50m
 

Valuing complicated financial derivatives dreamed up by maths Phd graduates is entirely different to the extremely simple accounting procedures of a company like Villa.  You just couldn't manipulate the figures when you're dealing with straight forward items like ticket sales, commercial income, player sales and player wages.  And the Rangers case isn't relevant either.  That revolved around the incorrect use of EBTs.

[not3bad]

aye. not forgetting we're gonna pick up precious little league placing money this year. 4m or thereabouts i think and god knows what the season tickets will be like or whether SKY will ask not to show us out of pity to their subscription holders. When you cut back as drastically as we have,it's bound to have a knock-on effect with revenues.

Easter Monday? Villa v Stoke. Jeeps if there was a more unattractive fixture in the Top League in the last 20 years then I am failing to recall

How about Stoke V Villa 8.00 PM on Boxing Day?

[N'Zimidy]

How about Stoke V Villa 8.00 PM on Boxing Day?

What an awful game that was. Typifies the McLeish era that game.

[James]

"We are losing fans/customers at an alarming rate. I am very concerned that fans are voting with their feet and not attending, not purchasing and not engaging with the club."

Letter from sacked BRFC CEO to Venkys

Has Paul written a similar letter to Randy?

He's trying, but he can't settle on the right colour crayon! 

[paul_e]

You have total choice about how you judge a purchase.  You can either spread the cost over the course if it's expected lifetime usage, or you can take the hit.  Under Doug we valued players over the length of the initial contract, from what I can make out the announced accounts took the full hit for the costs of Bent and Makoun up front, that's a big difference in losses but means we aren't carrying those losses forward into the FFP era.  We may have finished the costs of other players as well, that's pretty much the only way the accounts make sense around a 54m loss.

[PaulWinch again]

Please just fuck off Alex, virtually noone wants you here. Just leave. If Lerner keeps him it's one of the biggest mistakes he could make.

[VillaAlways]

Please just fuck off Alex, virtually noone wants you here. Just leave. If Lerner keeps him it's one of the biggest mistakes he could make.

I've heard from a friend who has a source close to the club that he'll be gone by Monday I hope to god it's true