The Pit of Misery (All mess in here)

[jwarry]

Brings a whole new meaning to Chinese Takeaway, but I still don’t get how all of the other Chinese owners are getting away with the controls

[sirlordbaltimore]

Brings a whole new meaning to Chinese Takeaway, but I still don’t get how all of the other Chinese owners are getting away with the controls

It's a question worth asking. How many other Chinese owners are their in the English game ?

[dave.woodhall]

Brings a whole new meaning to Chinese Takeaway, but I still don’t get how all of the other Chinese owners are getting away with the controls

They have other business interests in Europe.

[jwarry]

Brings a whole new meaning to Chinese Takeaway, but I still don’t get how all of the other Chinese owners are getting away with the controls

They have other business interests in Europe.

Even so the controls will affect those interests won’t they? Ok it’s secondary but it’s still all shaky ground isn’t it?

[ChicagoLion]

We don’t know if the issue is the Chinese Monetary Controlls or if the owner has access to the levels of cash needed to sustain us.

[olaftab]

Local rag:

Aston Villa will not be going into administration and are confident of solving their cash-flow crisis, sources have told BirminghamLive.

Owner Dr Tony Xia has today received positive news that a £2million loan has been approved so the outstanding tax bill will soon be cleared.

It’s understood that Xia is doing everything possible to keep hold of the club he purchased in 2016 having invested over £150m.

Several leading football finance experts have backed up claims from sources close to the club who are adamant Villa's current crisis will not see them file for administration.

alk of Villa plunging to depths previously seen at the likes of Portsmouth and Leeds United has also been quashed.

Villa have serious short-term cash flow problems and are understood to be seeking minor investment.

Xia has also faced up to the reality of losing key players, including £30million-rated prized asset Jack Grealish.

The club are looking at ways to slash their sky-high wage bill and are even considering selling Brookvale - the staff car park close to Villa Park.

But it’s understood that solutions will soon be in place and then Villa can start preparing for the 2018/19 season, albeit on a significantly reduced budget.

[Lastfootstamper]

Makes you want to give up and follow something boring like Golf.

Never, ever, ever, ever, ever. Ever.

[jwarry]

 Now this would be taking the piss http://www.hitc.com/en-gb/2018/06/06/report-southampton-weighing-up-3-4m-bids-for-aston-villa-youngst/

[sickbeggar]

Now this would be taking the piss http://www.hitc.com/en-gb/2018/06/06/report-southampton-weighing-up-3-4m-bids-for-aston-villa-youngst/

Please god no.

[aj2k77]

Whatever happens Xia will have to go, his ownership has been a total disaster. There would be no trust ever again in anything the fantasist says.

[Richard E]

Whatever happens Xia will have to go, his ownership has been a total disaster. There would be no trust ever again in anything the fantasist says.

After the last two owners, it’s going to be difficult to trust any regime at the club in future.

[frank black]

Now this would be taking the piss http://www.hitc.com/en-gb/2018/06/06/report-southampton-weighing-up-3-4m-bids-for-aston-villa-youngst/

Please god no.

This was always going to happen. Sensibly run clubs looking for young bargains with future sell on potential. Take note Tony

[ozzjim]

Brings a whole new meaning to Chinese Takeaway, but I still don’t get how all of the other Chinese owners are getting away with the controls

They have other business interests in Europe.

Which makes you wonder why Tony has not sorted something like that before now to route money into/ through.

One figure that keeps bothering me is this £5million a month loss.

That supposes we are spending 7-8 million a month. My question would be on what? Player wages are high, but around 60 million is a season, so 5 million a month. Where is the other 3 million going? Our income is approximately 3 million ish a month I reckon, so overall, we are spending mad money each month on something.

If you then take Gabby, Terry, Snodgrass, Johnstone, Onomah, Hutton, Grabban and Tuanzebe off that, there is close to a million a month in wages and loan fees. So this loss each month, are the club generally carrying too many other staff too, which is driving up costs each month off the pitch? Surely we need to forget caring about FFP for 5 minutes and concentrate on finding homes for Richards, McCormack, Hogan, Lansbury and probably Jedinak. That would be well over 500k a month saved between them. If we shifted that lot we would be much better off clearly financially, but we would be down to more than the bare bones. What will really grieve me is the idea that we sell Grealish and Chester to fund fucking Richards and McCormack to the tune of a further 5 million between them.

[pauliewalnuts]

How long is a 2m loan going to keep the wolves from the door?

[Risso]

Owning 51% of a company would not allow you to pass a special measure. You'd want north of 75% for de facto ownership. S.571 CA06 in particular.

51% would let you pass an ordinary resolution only, so you'd want 76% at least.

Not that you want to confuse ownership and control of a company mind.

You only need a special resolution for things like changing the company name and articles of association.

76% enables a special resolution to  allow a majority shareholder to issue more shares and share swamp a minority shareholder.

True but having only 51% doesn’t stop you doung anything meaningful.