Keith Wyness

[OzVilla]

I think they have that situation in clubs in Germany and fans have a say on the board. Correct me if I'm wrong. How does Portsmouth work here, as it's a different business environment?

I think the time has come for constructive action on our (the fans') part.

We can't go on like this every few years!

A fans consortium is a nice idea

But spending a few minutes reading fans views on the internet puts me off. Can you imagine the infighting!

In all seriousness, is this something anyone would be genuinely keen on exploring? 51% ownership target. Given the current financial crisis i would forecast we would need £20m approx to push this through........

In all seriousness it's not.  The only way we'd do this is if we found ourselves in the 4th or 5th tier.,  And thankfully that isn't going to happen.  How would we raise funds for future transfers, ground expansion or player sales etc, who runs the club, who would want to own the other 49%.   We are not Barcelona, it's just not going to ever happen.

[VinnieChase84]

I think they have that situation in clubs in Germany and fans have a say on the board. Correct me if I'm wrong. How does Portsmouth work here, as it's a different business environment?

I think the time has come for constructive action on our (the fans') part.

We can't go on like this every few years!

A fans consortium is a nice idea

But spending a few minutes reading fans views on the internet puts me off. Can you imagine the infighting!

In all seriousness, is this something anyone would be genuinely keen on exploring? 51% ownership target. Given the current financial crisis i would forecast we would need £20m approx to push this through........

In all seriousness it's not.  The only way we'd do this is if we found ourselves in the 4th or 5th tier.,  And thankfully that isn't going to happen.  How would we raise funds for future transfers, ground expansion or player sales etc, who runs the club, who would want to own the other 49%.   We are not Barcelona, it's just not going to ever happen.

Depends who makes up the 51%. Main part now of how it could work is FFP. A sugar daddy means sod all now as they cannot invest beyond the limits anyway. If we are rock bottom, we need to build a sustainable profitable club. On those terms, fan ownership in part could work

[Risso]

Been thinking about this a bit.  These capital controls in China haven't just happened in the last week, so when the auditors were considering the Going Concern issue for the last set of accounts, they would have had to have satisfied themselves that Xia had the ability to support the club.  That means having the cash and also the ability to ACCESS that cash.  It's looking like another Carillion situation, whereby the audit report isn't worth the paper it's printed on.

[kippaxvilla2]

It’s Deloittes isn’t it?

[oldtimernow]

Flatpack administration anyone? A CVA?

Does a ‘Flatpack Administration’ mean Villa will be bought by IKEA?

More likely to be MFI knowing us .......oh

[dicedlam]

Flatpack administration anyone? A CVA?

Does a ‘Flatpack Administration’ mean Villa will be bought by IKEA?

More likely to be MFI knowing us .......oh

More Fucking Imbeciles.

[oldtimernow]

How on earth have we got in to such a mess?  Football finances are the easiest thing in the world to predict and account for.  Unlike most industries, you pretty well know what your income for the year is going to be, and what your outgoings will be.  Cashflows for a football club are extremely predictable, so someone, somewhere hasn't been doing their job properly, either in accounting for things, in which case the finger of blame points at the CEO and FD, or the owner, if he hasn't been providing the promised working capital.

We know that we're going to get £x for parachute payments, £y TV money, £z season ticket cash, and that we'll have to pay a group of players their contractual amount for the season.  If we've had a bit of a gamble on getting promoted and paying high wages to the likes of Terry and Snodgrass, then that's fine, but obviously the owner has to agree to that, and bankroll it, within the confines of FFP.

How to make a million in football...........start with ten million and....

[Mister E]

Been thinking about this a bit.  These capital controls in China haven't just happened in the last week, so when the auditors were considering the Going Concern issue for the last set of accounts, they would have had to have satisfied themselves that Xia had the ability to support the club.  That means having the cash and also the ability to ACCESS that cash.  It's looking like another Carillion situation, whereby the audit report isn't worth the paper it's printed on.

Exactly where my head has been since yesterday.

[Villa Lew]

Out all day yesterday and only just got round to looking at the posts, which make depressing reading.

It's probably the worst financial situation the club's been in since December 68, just before Doug joined the club.

[Drummond]

Been thinking about this a bit.  These capital controls in China haven't just happened in the last week, so when the auditors were considering the Going Concern issue for the last set of accounts, they would have had to have satisfied themselves that Xia had the ability to support the club.  That means having the cash and also the ability to ACCESS that cash.  It's looking like another Carillion situation, whereby the audit report isn't worth the paper it's printed on.

Exactly where my head has been since yesterday.

I'm sure it's been reported somewhere that there has been no injection from the owner for a few months. So in reality we don't really know what was done, when it was done and in all honesty who knows about China?

But, you're right about the audit report, they are all shite.

[kippaxvilla2]

‘We were asked to advise Aston Villa’

[andyh]

We are always asking for stability at our club.

No one can deny that we have had stability in the ’cuntish people running our club’ department for many years now.

Oh joy.

[Ad@m]

Out all day yesterday and only just got round to looking at the posts, which make depressing reading.

It's probably the worst financial situation the club's been in since December 68, just before Doug joined the club.

He's still knocking around...

[old man villa fan]

Out all day yesterday and only just got round to looking at the posts, which make depressing reading.

It's probably the worst financial situation the club's been in since December 68, just before Doug joined the club.

He's still knocking around...

I almost didn't recognise him at the final. He didn't look well, even for a guy at his age.

[tomd2103]

Flatpack administration anyone? A CVA?

Does a ‘Flatpack Administration’ mean Villa will be bought by IKEA?

More likely to be MFI knowing us .......oh

More Fucking Imbeciles.

Between incompetent owners, chief executives, managers, coaches and players, we have managed to amass quite a rogue's gallery over the past few years.