Record Losses....

[brian green]

I am no accountant but clearly plenty of you are.   I would ask you a question.   How different do you think these figures would be if the little rat had not walked out but stayed and kept us hovering sixth-ish?

[Greg N'Ash]

Still dont get the pay off, if MON walked without justification then there would be no pay off, this was an out of court settlement which meant they new they were going to lose and or the damage they would have sustaind at a hearing would have been worse.

well thats it really - I can't imagine Lerner fancied it all out in the open given his media allergy. Could have gone for much more just in costs if they'd took him on and you're not just fighting MON, you're fighting his public image just like the tax man was with redknapp. I think they just wanted shot of the whole business

[Vanilla]

Still dont get the pay off, if MON walked without justification then there would be no pay off, this was an out of court settlement which meant they new they were going to lose and or the damage they would have sustaind at a hearing would have been worse.

The evidence must have been compelling to support MON's case for constructive dismissal, so the Villa legal team would have suggested an out of court settlement. At least that saved on the legal fees I suppose. 

[Mister E]

Still dont get the pay off, if MON walked without justification then there would be no pay off, this was an out of court settlement which meant they new they were going to lose and or the damage they would have sustaind at a hearing would have been worse.

The evidence must have been compelling to support MON's case for constructive dismissal, so the Villa legal team would have suggested an out of court settlement. At least that saved on the legal fees I suppose. 

And Americans are generally very law-averse.
RL will have said: "do whatever it takes to get the issue closed out".

For a man on a rolling 12 month contract, MON seems to have absolutely tonked them.

Move on from the accounts. It's the future that matters.

[Eigentor]

we still lost the likes of milner, carew, shorey, harewood, davies, sidewell? all big earners

Milner's wages were replaced by Ireland's, Sidwell's by Makoun's (possibly). Carew didn't leave before June 2011, and even though we sold Davies in January, and Shorey and Harewood the summer before, we bought Bent - so maybe not too much saved overall.

[Legion]

Our bright one?

[cdward]

MON was backed into a corner and felt he had no option but to walk, claiming constructive dismissal and won his case. It would seem that Randy had decided not to back his manager any longer. I can't help thinking that Paul Faulkner has a lot to answer in all this. Just before MON went Faulkner came in, and our financial decision making has been terrible ever since.  MON had his faults, but Faulkner seems to making some terrible decisions that threaten to drag us down. Was Faulkner the one who decided the Milner money should not be spent? That in my opinion was the start of the end.

[Californian Villain]

Robin Russell, Villa's chief financial officer, said: "The board is confident that the actions taken since the end of the 2010-11 financial year have galvanised the longer-term sustainability of the club and have given us a better financial platform on which to build for future success."

Or to put that another way, "we're skint and you'd better get used to it".

full text in the Guardian here

[Californian Villain]

Still dont get the pay off, if MON walked without justification then there would be no pay off, this was an out of court settlement which meant they new they were going to lose and or the damage they would have sustaind at a hearing would have been worse.

Right. You don't pay any former employee 6 million quid (or more) unless you severly cocked-up. Time to stop blaming MON for the errors of Randy and the board.

[Walmley_Villa]

MON was backed into a corner and felt he had no option but to walk, claiming constructive dismissal and won his case. It would seem that Randy had decided not to back his manager any longer. I can't help thinking that Paul Faulkner has a lot to answer in all this. Just before MON went Faulkner came in, and our financial decision making has been terrible ever since.  MON had his faults, but Faulkner seems to making some terrible decisions that threaten to drag us down. Was Faulkner the one who decided the Milner money should not be spent? That in my opinion was the start of the end.

Or Faulkner realised that the expenditure was unsustainable and action was needed? We don't know the facts....

[eric woolban woolban]

Any amortisation in there? (Doug's favourite word).

I wonder how much they write down Heskey each year?

[Jimmy Smash]

Thanks Randy, for fucking up The Villa. You've managed to do what Doug never could.

[glasses]

Faulkner was at the club when Villa played Litex in the Uefa Cup in 2008. He was employed by the club, but not CEO at that time. In a meeting with someone I know, he told them his job was to speak with players agents and arrange contracts. He told them he was a Director of Football. He was apparently a very nice bloke. He also stated that he was Randy's right hand man, and they were very close. These things I have been told

I personally think that the issue O'Neill had was with Faulkner, not Randy and not Villa as a whole. I think that there was a massive breakdown in their relationship, leading to O'Neill walking.

[Stu]

Robin Russell, Villa's chief financial officer, said: "The board is confident that the actions taken since the end of the 2010-11 financial year have galvanised the longer-term sustainability of the club and have given us a better financial platform on which to build for future success."

Or to put that another way, "we're skint and you'd better get used to it".

full text in the Guardian here

I read that earlier. It makes me feel like we're just going to pootle around in mid-table for the rest of eternity. I suppose its better than going out of business.

[Ads]

Fuck O'Neill.