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Author Topic: NSWE Investment  (Read 621867 times)

Offline old man villa fan

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Re: NSWE Investment
« Reply #510 on: July 29, 2018, 01:54:32 PM »
Even though Aston Villa now have 3 "billionaire" owners, I really cannot get excited about the fact.

There are no guarantees about anything in football. My worry is if they set out a plan, whether it's CL football in 5 yrs, or just to be surviving as an also-ran in the PL in 3 yrs I'm concerned that if we don't achieve the goal these people will lose interest and things will go to rack and ruin again, especially when in the everyday man's terms they probably paid (cost vs wealth) a couple of microwave ovens to buy in. Remember we got relegated under the watch of a "billionaire custodian", one whose name was sung loud and proud by many Villa fans in 2006. It doesn't matter who is in charge of the club or how rich they are. If they lose interest, if they take their eye off things, things will go downhill.

That is why we have to get our house in order financially and keep it that way. If we do, there will be buyers of the right kind out there. We have to lose the mentality of the owners being another group that we can use up their wealth.

Offline Ads

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Re: NSWE Investment
« Reply #511 on: July 29, 2018, 02:14:36 PM »
QPR had a £17m fine.

Offline kippaxvilla2

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Re: NSWE Investment
« Reply #512 on: July 29, 2018, 02:36:38 PM »
Alan Nixon is saying again that the ffp rules allow for new owners but he doesn’t know it fully!

Online Chris Harte

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Re: NSWE Investment
« Reply #513 on: July 29, 2018, 04:21:29 PM »
QPR had a £17m fine.
Was it £17m? I thought I'd read £40m.

Offline Risso

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Re: NSWE Investment
« Reply #514 on: July 29, 2018, 04:23:00 PM »
£17m was the fine.  The other £23m was loans that they were forced to turn into shares instead.

Online Rudy Can't Fail

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Re: NSWE Investment
« Reply #515 on: July 29, 2018, 04:25:30 PM »
£17m? That's less than taking a hit on McCormack and Hogan.

Offline cdbearsfan

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Re: NSWE Investment
« Reply #516 on: July 29, 2018, 04:27:26 PM »
£17m was the fine.  The other £23m was loans that they were forced to turn into shares instead.

Is the latter something that we could do, or was that specific to the QPR case?

Offline john2710

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Re: NSWE Investment
« Reply #517 on: July 29, 2018, 04:29:38 PM »
£17m? That's less than taking a hit on McCormack and Hogan.

It's also taken 4 years to resolve through the courts. QPR will pay the £17m over 10 years.

Whilst I don't doubt FFP is an issue, was it being used as a excuse by Dr X to cover his cashflow problems?
« Last Edit: July 29, 2018, 04:31:46 PM by john2710 »

Online Rudy Can't Fail

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Re: NSWE Investment
« Reply #518 on: July 29, 2018, 04:40:08 PM »
£17m? That's less than taking a hit on McCormack and Hogan.

It's also taken 4 years to resolve through the courts. QPR will pay the £17m over 10 years.

That being the case, in theory we could spend what we want and get promoted and pay the consequences of a fine later. Compared to the riches of being in the PL, it's peanuts. Timing has not been on our side this summer but I'd imagine the new owners won't want to be wasting too many seasons in the Championship.

Offline PeterWithesShin

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Re: NSWE Investment
« Reply #519 on: July 29, 2018, 04:45:17 PM »
Problem being that when QPR broke the rules a fine and transfer embargo were the only punishments, i'd prefer us not to be a test case for the new rules.

Offline Risso

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Re: NSWE Investment
« Reply #520 on: July 29, 2018, 04:47:58 PM »
£17m was the fine.  The other £23m was loans that they were forced to turn into shares instead.

Is the latter something that we could do, or was that specific to the QPR case?

No idea to be honest.  The rules allow each club owner to inject something like £8m in new equity each year to cover losses, so I would think the £23m was probably in excess of the allowed amount?

Anyway, I think the point is that the EFL have recently said that the punishments will be more severe.  They've got the potential to deduct points, so do we want to test their resolve?  There's absolutely no point in having the rules if clubs can simply spend what they like and then pay a fine, when the fine pales into insignificance compared to the potential upside of a year back in the Premier League.  I've said it before, but say we finished 7th and missed out on 6th to a team who had breached FFP by £50m, we'd be severely pissed off and would want the league to apply some tough sanctions.

Online Chris Harte

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Re: NSWE Investment
« Reply #521 on: July 29, 2018, 04:49:32 PM »
£17m was the fine.  The other £23m was loans that they were forced to turn into shares instead.
Ah, ok. That explains it then.

Offline cdbearsfan

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Re: NSWE Investment
« Reply #522 on: July 29, 2018, 04:50:47 PM »
Did Xia invest anything? If not, could the new owners invest £24 million, £8 million for each accounting season we've been down here, or can you not backdate things like that?

Offline Ad@m

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Re: NSWE Investment
« Reply #523 on: July 29, 2018, 08:26:54 PM »
The UEFA FFP is a tool to keep the elite on top. The Football League FFP is to stop teams going bust.

Any tool which limits spending to an amount linked to revenue is designed to maintain the status quo. The EFL rules are no different.

Offline cdbearsfan

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Re: NSWE Investment
« Reply #524 on: July 29, 2018, 08:28:54 PM »
There is no status quo in the EFL. If you're better than the other teams you get promoted out of it. The EFL rules were not designed with Real Madrid, Bayern Munich and Juventus in mind because they never have to play in it.

The thought process behind it is entirely different to the cartel-thinking of UEFA's regulations.

 


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