The Pit of Misery (All mess in here)

[PeterWithesShin]

Well all the clubs in the midlands are under Chinese ownership so how does that effect them?

Supposedly as Fosun already had overseas ventures they can move money out of China easier. The bitters were in the PL so time will tell what their situation is now that gravy train has stopped, and sha are reportedly in the crapper as well.

[aj2k77]

Let me get this straight, all the other clubs have European businesses that plunge money in to the club to get around the financial controls of China?

Wouldn't A those businesses soon go bump, unless they were large profit making ones
And B wouldn't it show in their accounts that they were receiving money pumped in from various sources?

[PeterWithe]

So if Tony Xia had money, and could move it out of China into Villa but now can’t, and has been factoring against income since January, does that tend to indicate that he had unknown backers over there and it’s them who have pulled the plug?

[amfy]

Well all the clubs in the midlands are under Chinese ownership so how does that effect them?

All the other owners have European businesses, I believe.

I also think Birmingham City are also in some difficulty, Albion have only just got relegated and still have parachute money to look forward to, and Woves might have been in worse trouble than us if they didn't go up, but they did.

[old man villa fan]

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

At least one season. They were promoted, weren't they.

[Keeno]

The stories about us avoiding administration tonight through further borrowing have me worried even more...

[PaulMcGrathsNo5Shirt]

Word of caution. If you were a potential investor/purchaser of Aston Villa FC would you buy now, or at a later date when it'll cost them next to nothing? Struggling to see a way out of this, potential investors/owners will bide their time - can't see a way out of this any day soon. At least we'll have a nice new kit eh?

[ChicagoLion]

Word of caution. If you were a potential investor/purchaser of Aston Villa FC would you buy now, or at a later date when it'll cost them next to nothing? Struggling to see a way out of this, potential investors/owners will bide their time - can't see a way out of this any day soon. At least we'll have a nice new kit eh?

Before Administration and points deduction.

[ChicagoLion]

More Rumors that   Freund making bid.

[Ads]

A freund in need is a Freund indeed.

[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.

You need it for a lot more. That's why I make the money and you count it *winky*

Alright Harvey Spector! 😉

Point I was making is that 51% is enough to control a company and make the decisions you need. Obviously when you get to 75%+ you can change the articles and start to do pretty much what you want, eg with share capital etc.

[olaftab]

More Rumors that   Freund making bid.

Wir brauchen jetzt einen Freund

[Richard E]

A freund in need is a Freund indeed.

A Freund with weed is better.

[Keeno]

Word of caution. If you were a potential investor/purchaser of Aston Villa FC would you buy now, or at a later date when it'll cost them next to nothing? Struggling to see a way out of this, potential investors/owners will bide their time - can't see a way out of this any day soon. At least we'll have a nice new kit eh?

That's why I think if we want rid of Xia, gritting our teeth through administration and waiting for someone to come in might be the best case scenario to a new owner and (potential) sustainability going forward.. Knowing our luck it'll be someone even worse though

[andrew08]

We don’t know any detail really about Villa’s finances or what is reported is true, but I think we should be encouraged today that our owner has found a way to find some money to pay HMRC. Today would have been an ideal time for him to just walk away and cut his losses, money paid to HMRC benefits only the public purse and not the football club at all (this is good though it pays Nurses etc etc and not Micah Richards)

He’s not likely to get a return on his investment anytime soon so perhaps this is the start of a return to a more sustainable future and demonstrates at least some commitment from him.