Read an interesting tweet from the Dr over the weekend stating that the money that we received as our parachute payment this season does not cover half the annual wage bill at our club, for me this is a very worrying statement, I think that if we don't get promoted next season then as Collymore said we could be in big trouble!
Quote from: sid1964 on February 20, 2017, 07:31:30 AMRead an interesting tweet from the Dr over the weekend stating that the money that we received as our parachute payment this season does not cover half the annual wage bill at our club, for me this is a very worrying statement, I think that if we don't get promoted next season then as Collymore said we could be in big trouble!That's appalling if true.
Regardless of the past and present financials on the club, we are still making the same mistakes when it comes to recruitment, Manager wants, Manager gets, I have stated on here previously that the manager whether that is Bruce or someone else should have been told and should be told going forward, any changes required are financed by outgoings, apart from that I have changed your title to coach, so guess what bloody coach improvement into them.On Talk sport today (yes I know, I'm bored), one of Bruceys media hoppos stated that Bruce has told him it will take him 3 windows at least to get this sorted, to me that is not acceptable unless he self funds by selling, the amount of wages we must be paying to players out on loan who are contributing naff all to Aston Villa is probably enough to have Dr Tony running for the hills.
There has to be something in the fact that 4 wealthy Chinese businessmen has bought the 4 West Midlands clubs ?Smoke without fire
On a similar note, not sure if it should have its own thread, but I onThe weekend heard from someone who spends a lot of time in accounting and legal circles that we were very close to administration last year. Has anyone else heard similar? I know our finances weren't great but I don't have any idea at what point administration becomes a possibility.
Quote from: itbrvilla on February 20, 2017, 08:08:49 AMOn a similar note, not sure if it should have its own thread, but I onThe weekend heard from someone who spends a lot of time in accounting and legal circles that we were very close to administration last year. Has anyone else heard similar? I know our finances weren't great but I don't have any idea at what point administration becomes a possibility.No, there would have been no point in Lerner going down the Admin route, he bought in an insolvent /restructuring specialist and there is no way Hollis would reccomend that.They tried to run the club in a way that limited Lerners exposure and to sell the club.Administration becomes a possibility when a business is unable to meet its liabilities, (as and when they fall due).This has never been the case