Record Losses....

[mr underhill]

does it really matter how we came to be so financially mired? The fact is we are, and the people responsible are, bar one, still in control, and show no sign of going anywhere. I can't reveal sources, but but my brother in law has corporate legal connections to the PL and Villa specifically. There is no takeover, RL is going nowhere, PF is going nowhere and neither is McFuckwit. I was told the award to MON was the equivalent of his year's rolling contract, the cupboard is empty, we don't have the proverbial pot to piss in and there will be no more compensation payments to anyone. The brutal truth is that ginger came because no other manager would work with the constraints we now have, a financial climate no doubt made even more brutal by ther owner getting his finger's incinerated by MON's blarney and despotic style of management. He was made to look stupid and the last thing he's going to do now is admit to his failings past or present. Quite honestly it's hard to see how we are not fucked on every level at the m oment with no sign that it can get better. right now where is my revolver...

[Ad@m]

We appear to be seeping cash, I do not see anything else but more cuts, we appear on headlines eating 300k of cash a week, that not sustainable.

Where do you get this from?  The figures released show bank borrowings have fallen by £8.3m which suggests cash has improved significantly.

Yes by Lerner putting further 25m in which equals 17m outflow

I'd imagine the £25m was spent on Bent's transfer fee.  Hardly an example of a club seeping cash at a rate of £300k per week.

As for your other point about Randy calling in the debt and putting us in administration - well a large proportion of his investment is in shares so he can't just call it in.  In any event, why would he?  It's not going to be the best way to get his money back.

[DR PETERS]

does it really matter how we came to be so financially mired? The fact is we are, and the people responsible are, bar one, still in control, and show no sign of going anywhere. I can't reveal sources, but but my brother in law has corporate legal connections to the PL and Villa specifically. There is no takeover, RL is going nowhere, PF is going nowhere and neither is McFuckwit. I was told the award to MON was the equivalent of his year's rolling contract, the cupboard is empty, we don't have the proverbial pot to piss in and there will be no more compensation payments to anyone. The brutal truth is that ginger came because no other manager would work with the constraints we now have, a financial climate no doubt made even more brutal by ther owner getting his finger's incinerated by MON's blarney and despotic style of management. He was made to look stupid and the last thing he's going to do now is admit to his failings past or present. Quite honestly it's hard to see how we are not fucked on every level at the m oment with no sign that it can get better. right now where is my revolver...

I can't reveal my sources but I know a man in Quatar and we are being taken over and will install Mourinho as manager and sign Messi before next season....god I hate it when people come out with this stuff. If you can't qualify your comments with some evidence then don't say anything. Just because you know someone who has legal connections with the club means nothing. If the club were involved in takeover talks then anyone who was anywhere near the negotiations would have signed a confidentiality agreement and therefore even if asked point blank would have to tell you nothing was happening.

I don't care whether O'Neill was right legally or not, he walked out on us and not only did he leave us up the creek without a paddle, he took the f***ing boat as well !!!

The way I see it now Randy has two choices, sell the club and get back as much of his money as possible or invest more trying to get us some success. I think he knows he does not have the money to reinvest and will therefore sell, what he is doing is trying to get us on an even keel to make us a viable option for someone (a bit like Doug did !!!)

Commercial revenues are growing 16% year on year and we have reduced our debt by £8.3M. With the reduction in operating costs we have seen over the last 12 months I would suggest the balance sheet is not this bad now.

When Doug was in charge he got battered for never wanting us to be in debt and never wanting us to make a loss, now Randy is getting pelters for doing just that, we can't have it both ways.

As far as I can tell the worst thing Randy has done is appoint McLeish (which is the worst thing he could have done to be fair !) and appoint Faulkner who appears to us on the outside to not have a clue but then we don't know what his remit was when he was appointed. He may be doing exactly what was required and Randy asked for.

[MarkM]

I cant believe anybody is making excuses for that turncoat pubeheaded twat.
A lot of our troubles are down to him and he skipped off into the sunset at the first sign of trouble. A c*** of the first water.

With regard to the money that MON wasted on players and wages etc...

Can he be blamed completely for that? The person who signed off the cheque has to take some of the blame!

MON shares the blame for suggesting we sign some of the dross, and the board take the blame for letting him do it!

Ultimatley the people holding the purse strings have the responsibility to make sure things are progressing as they have planned.

[Mister E]

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

This "full text" implies that the AY / SD money is contained in the poor figures, but surely they will be in this year's numbers, coming after the end of May 2011?

[django]

Surely we didn't have to pay Houllier much. Surely we would have taken his health risks into account when we employed him and would have had clauses we could trigger in our favour if there were any signs his troubles reccurring. Surely we would have. Surely.

[Mister E]

http://www.guardian.co.uk/football/2012/feb/28/aston-villa-losses

David Conn who wrote this in the guardian was just interviewed on TalkSport. 
Really interesting.  About how many owners were known to general fans and the public even beyond the local fans about 10-15 years ago (hardly anybody) and how many, now.  (loads in the PL and in the Cjhampionship if they have made major mistakes!)

Also, about how many owners would turn up, week after week, to watch the match.  Yes, even in the good ol days before the russians and the sheiks. Hardly anybody apart from Deadly, of course.  So nowadays is not that different, was his argument.  They may be thousands of miles overseas right now, but back then some owners were a lot nearer and sat on the yacht or in the garden on a saturday afternoon.

Also spoke about how Villa were built up by Randy, and then; did not mention MON exiting by name but apparently it was absolutely obvious (to all in the football stratosphere that he inhabits) that this had a major effect financially on the club - like, downwards.  Also referred to the need to reduce wages and outgoings leading to selling major players and how good an owner RL has been but ultimately, not rich enough to spend another £200million.

Because that's what he actually has spent.  £200million.

I'm not surprised he wants to retrench a bit!

Quite, Louise.
But we still come back to the manner of MON's departure: the spiteful and vindictive timing, followed up by a protracted legal dispute, has knocked the stufffing out of Lerner as well as stripped the cash cupboard somewhat.

[Mister E]

The way I see it now Randy has two choices, sell the club and get back as much of his money as possible or invest more trying to get us some success. I think he knows he does not have the money to reinvest and will therefore sell, what he is doing is trying to get us on an even keel to make us a viable option for someone (a bit like Doug did !!!)

Well, I think he's following the third option - batten down the hatches and try and tough out the current financial shit-storm in the hope that the FFP rules will level out the playing field a little.
In the end I think he will sell up, but I'm not sure it's going to happen soon.

[Ad@m]

Surely we didn't have to pay Houllier much. Surely we would have taken his health risks into account when we employed him and would have had clauses we could trigger in our favour if there were any signs his troubles reccurring. Surely we would have. Surely.

Just watch the reaction when the results come out for the year in which we paid another team's player a million quid in wages while he was injured!

[Irreverent ad]

Just on the FFP rules. I think I remember hearing after Citeh released their figures that all UEFA wanted to see was a year on year improvement.

Does it not make sense for us to release a poor set of figures this year and then show improvement next etc. I suppose what I am saying is that is it possible for us to account a lot of "pre-payments" and player transfer fees in this years accounts rather than spread them over time? Financial bods will know more than me.

[glasses]

One or two things that may be encouraging for next years results.

Increase in Sponsorship revenue. Last year was the first time we had a sponsor for 2 years. FXpro, who we cut ties with about this time last year. Perhaps there was a loss in income there as the contract was terminated early. Genting will be paying us more I'd imagine.

Increase in TV revenue. The current TV deals are massive for clubs currently.

Downing and Young etc transfer income, plus wages which you would imagine have reduced since.

One concerning thing though is matchday revenue. This will almost certainly fall.

Another is whatever we paid Blues for Ecks services

[lovejoy]

Surely we didn't have to pay Houllier much. Surely we would have taken his health risks into account when we employed him and would have had clauses we could trigger in our favour if there were any signs his troubles reccurring. Surely we would have. Surely.

Jermaine Jenus

[villasjf]

Well we wont be paying out much on win bonuses this year.

[JUAN PABLO]

Surely we didn't have to pay Houllier much. Surely we would have taken his health risks into account when we employed him and would have had clauses we could trigger in our favour if there were any signs his troubles reccurring. Surely we would have. Surely.

Just watch the reaction when the results come out for the year in which we paid another team's player a million quid in wages while he was injured!

Ad@m , beat me to it , was just going to post the same thing.   The club is being run terribly from top to bottom .  well , Im sure the tea lady is doing a great job.

[Irreverent ad]

Surely we didn't have to pay Houllier much. Surely we would have taken his health risks into account when we employed him and would have had clauses we could trigger in our favour if there were any signs his troubles reccurring. Surely we would have. Surely.

Just watch the reaction when the results come out for the year in which we paid another team's player a million quid in wages while he was injured!

Ad@m , beat me to it , was just going to post the same thing.   The club is being run terribly from top to bottom .  well , Im sure the tea lady is doing a great job.

Yeah but Makoun should balance that one out. He has been injured for a long stretch in Greece.