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Author Topic: Tony’s Statement.  (Read 320733 times)

Offline West Derby Villan

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Re: Tony’s Statement.
« Reply #2340 on: October 21, 2019, 01:57:42 PM »

Offline Jon Crofts

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Re: Tony’s Statement.
« Reply #2341 on: October 21, 2019, 03:47:42 PM »

Offline kippaxvilla2

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Re: Tony’s Statement.
« Reply #2342 on: October 22, 2019, 07:22:45 AM »
Here is the Harvard graduate himself.  Along with his Regus temporary hired office space.

https://youtu.be/9imEr-aJmEE

Online CT

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Re: Tony’s Statement.
« Reply #2343 on: October 22, 2019, 07:43:51 PM »

Offline DrGonzo

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Re: Tony’s Statement.
« Reply #2344 on: October 22, 2019, 07:57:47 PM »
FootySkillz lives!!

Offline pauliewalnuts

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Re: Tony’s Statement.
« Reply #2345 on: October 22, 2019, 08:04:16 PM »

Offline kippaxvilla2

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Re: Tony’s Statement.
« Reply #2346 on: February 07, 2021, 02:54:59 PM »
Who knew he was a Classroom Assistant?

CAIXIN
Ex-England soccer club chief spends months in China detention centers
Relatives say Xia Jiantong was detained prior to his formal arrest


Xia Jiantong, who also goes by Tony Xie, closed the deal to buy the U.K.’s Aston Villa Football Club on June 15, 2016.    © AP
SHAN YUXIAO and MATTHEW WALSH, Caixin
February 6, 2021 12:47 JST

The Chinese former chairman of one of England's big soccer clubs spent six months in a shadowy network of detention centers prior to his formal arrest last month on suspicion of harming the interests of a Shenzhen-listed manufacturing company, Caixin has learned.

Xia Jiantong, the erstwhile chairman of Birmingham-based Aston Villa F.C. also known as Tony Xia, was subject to "residential surveillance at a designated location," a form of extralegal detention used by Chinese authorities, from July 17 last year to his arrest on Jan. 15, according to two family members with direct knowledge of his situation.

Xia is being held at a detention center in the eastern Chinese city of Yixing pending the outcome of a police investigation, official documents show. His family said the case was an "economic dispute" over unpaid debts of about 200 million yuan ($30.92 million) during Xia's time in charge of Yuancheng Cable Co. Ltd., a Shenzhen-listed cable products manufacturer.


Xia's family said the loans involving Yuancheng do not meet the legal standard for criminal activity, adding that in many cases the company was neither the sole guarantor nor the sole borrower.

Chinese media previously reported a Yuancheng stock market filing on Jan. 20 that said an arrest warrant had been issued for Xia, but his stint in detention and details of his alleged crime were previously unknown.

A Yuancheng spokesperson declined to comment on the case, saying the company's position was clear from its public filings.

Xia is a multimillionaire investor as well as the chairman and CEO of Chinese-headquartered conglomerate Recon Group Ltd. He was in charge of Yuancheng from late 2016 to March 2018, when the company announced a new controller.

The dispute, according to the family members, appears to center on joint loans by Yuancheng, taken out during Xia's tenure, in which the company provided guarantees for another firm Xia controlled, Hangzhou Ruikang Sport & Cultural Co. Ltd.

After some of the money was not repaid, a court ordered Yuancheng to assume part of the debt obligations. Yuancheng reported Xia to the authorities in February, claiming he arranged the loans in bad faith.


Recon Group CEO Xia Jiantong, right,  poses with a soccer ball as he attends a news conference for Recon Group's acquisition of Aston Villa in Beijing in July 2016.   © AP
China's criminal law states that directors, supervisors and senior managers of listed companies may face up to seven years in jail if they cause "significant losses" to the company by using their position to force it into providing guarantees for entities that are manifestly unable to pay off their debts, or into providing guarantees for "illegitimate reasons."

Family members said Xia bears no "subjective malice" that would lead him to harm the interests of the listed company, and borrowers other than Yuancheng had repaid most of the joint debts mentioned in the legal cases. "Some of the cases are still under trial and cannot be considered actual losses," one family member said. "Therefore, this case is an economic dispute and cannot be defined as a criminal suit."

Despite denying any criminality, the family said it had spoken to Yuancheng several times about reimbursement for the forced payments, but had failed to reach an agreement.

Documents sent to Caixin by Xia's family show that the dispute revolves around four separate payments by Yuancheng totaling 193.59 million yuan:

-- A loan of 60 million yuan to Ruikang Sport, for which Yuancheng and Xia are listed as two of five guarantors. Yuancheng was forced to repay 58 million yuan;

-- A loan of 10 million yuan to Ruikang Sport, for which Yuancheng and Xia are listed as two of six guarantors. Yuancheng was forced to repay 7.42 million yuan and has filed a lawsuit to claim compensation;

-- A loan of 30 million yuan to Ruikang Sport, Yuancheng and two other companies, for which Xia and his brother, former Yuancheng chairman Xia Jianjun, are listed as guarantors. Yuancheng was forced to repay 10.17 million yuan and is claiming compensation;

-- A loan of 190 million yuan to Ruikang Sport, for which Yuancheng provided guarantees. Yuancheng was forced to repay 118 million yuan and is claiming compensation.

Civil litigation documents sent to Caixin also show open cases involving five further loans for which Yuancheng may be partly liable for a total of 144 million yuan. In each of these cases, the borrowers include Ruikang Sports and the two Xia brothers.

One case involves a joint loan obtained by Yuancheng and other parties in September 2018, when Xia Jiantong was no longer the company's actual controller, according to his family.

In another case, a court ruled that Yuancheng did not need to assume obligation for a debt for which it acted as a guarantor.

According to a January earnings report, Yuancheng posted expected net losses of between 108 million and 132 million yuan last year, largely due to more than 140 million yuan set aside as a result of two court cases.

Xia, 46, from the city of Quzhou in East China's Zhejiang province, rose to prominence in the middle of the last decade with a series of acquisitions at several Chinese listed companies, including a Shanghai-listed condiments producer and a Shenzhen-listed technology firm.

He bought Aston Villa for a stated 75 million pounds ($103 million) in June 2016, succeeding American chairman Randy Lerner soon after the club was relegated from the Premier League.

But Xia lost control of the team in 2019 amid widely reported cash flow problems and after failing to repay a loan. During his tenure, Villa came close to falling into administration. The team returned to top tier of English soccer the same year.

Xia also courted controversy when an anti-fraud campaigner accused him of exaggerating his credentials by claiming to have worked as a professor at Harvard. Xia responded that the media had incorrectly reported his actual role of teaching assistant.


Online eamonn

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Re: Tony’s Statement.
« Reply #2347 on: February 07, 2021, 04:30:15 PM »
Christ, he really was Randy's last big F U.

Offline colin69

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Re: Tony’s Statement.
« Reply #2348 on: February 07, 2021, 04:41:37 PM »
I remember Randy saying what safe hands he was leaving us in. How the hell did this chancer pull the wool over so many peoples eyes?
Thank God we have the real deal now in all areas of the club.

Online Legion

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Re: Tony’s Statement.
« Reply #2349 on: February 07, 2021, 04:46:00 PM »
Crooked chancer. Could have ruined us.

Online VILLA MOLE

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Re: Tony’s Statement.
« Reply #2350 on: February 07, 2021, 04:46:47 PM »
We should have held the 30 million back after what he sold us to

Offline KevinGage

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Re: Tony’s Statement.
« Reply #2351 on: February 07, 2021, 05:05:02 PM »
Lerner was totally convinced he was the real deal.

Which should have been warning enough.

Online Brazilian Villain

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Re: Tony’s Statement.
« Reply #2352 on: February 07, 2021, 05:10:11 PM »
Who knew he was a Classroom Assistant?

CAIXIN
Ex-England soccer club chief spends months in China detention centers

Who knew he was an Uyghur?

Offline darren woolley

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Re: Tony’s Statement.
« Reply #2353 on: February 07, 2021, 06:07:26 PM »
He nearly destroyed us thank god we have our current owners Nassef and Wes.

Offline wittonwarrior

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Re: Tony’s Statement.
« Reply #2354 on: February 07, 2021, 06:14:14 PM »
In short he’s a failed gambler. Nothing more nothing less

 


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