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
Quote from: jwarry on June 06, 2018, 08:03:39 PMBrings 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 controlsThey have other business interests in Europe.
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.
Makes you want to give up and follow something boring like Golf.
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/
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.
Quote from: jwarry on June 06, 2018, 08:17:23 PM 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.
Quote from: Risso on June 06, 2018, 07:46:35 PMQuote from: Ads on June 06, 2018, 07:34:10 PMOwning 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.
Quote from: Ads on June 06, 2018, 07:34:10 PMOwning 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.
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.