Could it be an elaborate way of getting his money out of China?
Just read an article stating that Xia could face jail time in China for wasting his money on us. The guy who's head of Fosun who own Wolves was arrested for questioning over the same thing. My question to Dr Tony is this. " Knowing how difficult it is for Chinese citizens to "export" your money out of the country why the fuck did you buy the villa and make all those bold predictions?"
I just don't get why anyone would want equity in villa? Not at a decent price anyway
Quote from: Risso on June 07, 2018, 03:32:44 PMThe main holding company is issuing some more shares. One of the subsidiary Aston Villa companies is issuing shares and removing the pre-emption rights, which means that when they issue shares, they don't have to offer minority shareholders the chance to buy them in the same proportion.None of the detail is accessible though until the document appears fully on Companies House, which can take up to 5 days.So removal of pre-emption means new shares are ring fenced for a particular individual/company.
The main holding company is issuing some more shares. One of the subsidiary Aston Villa companies is issuing shares and removing the pre-emption rights, which means that when they issue shares, they don't have to offer minority shareholders the chance to buy them in the same proportion.None of the detail is accessible though until the document appears fully on Companies House, which can take up to 5 days.
Quote from: Matt Collins on June 07, 2018, 09:05:39 PMI just don't get why anyone would want equity in villa? Not at a decent price anywayThat effectively what all owners have in a club. Even Lerner had lent the club money suggesting debt and not equity but then part of the sale was clearing the same debt.
Quote from: GarTomas on June 07, 2018, 09:18:46 PMQuote from: Matt Collins on June 07, 2018, 09:05:39 PMI just don't get why anyone would want equity in villa? Not at a decent price anywayThat effectively what all owners have in a club. Even Lerner had lent the club money suggesting debt and not equity but then part of the sale was clearing the same debt.For most of his time, Lerner injected debt and equity in equal amounts.
I was reading something yesterday about the Chinese authorities taking a dim view of what they saw as vanity investments in sports teams, and instead wanted to see investment in things like infrastructure projects in Africa.
To have purchased the club he would have to have gained exchange control license.The currency restrictions in China are not to prevent legitimate business activity.Financing a Football club that you have purchased would be legitimate.So unless something else has happened in China I see no reason why he would not be able to use money if it was available to him.As mentioned above he banks with HSBC which is the ideal institution to move money legitimately in and out of China.