Tony Xia milking it....it wouldn't surprise me if he thinks he has a sale and leaseback agreement with the new owners..
Quote from: four fornicholl on May 28, 2019, 10:48:51 AMSpreading the joy!!Sandylands Methodist Church, Kendal.Damn - I drove past there last night on way home and missed it! Was pouring down with rain mind!
Spreading the joy!!Sandylands Methodist Church, Kendal.
Quote from: Walmley_Villa on May 30, 2019, 04:31:38 PMTony Xia milking it....it wouldn't surprise me if he thinks he has a sale and leaseback agreement with the new owners..Have we got to the bottom of what’s going on with Xia yet? It’s obvious he either ran out of money or didn’t have the liquidity in what he does own to be able to finance us, and as he was in attendance I assume he still has a minority stake? With promotion will NSWE look to buy him out completely?
This might be the best video I've seen yet on youtube of all the celebrations.....
Whatever his current shareholding, Xia is Vice Chairman at Villa.
Quote from: Pete3206 on May 30, 2019, 10:42:56 PMWhatever his current shareholding, Xia is Vice Chairman at Villa.He's a director but he's not needed for quorum and equally his share is so diluted now that he effectively has no voting rights, as he's not required for ordinary or special resolutions.£35m was allotted on 15th May, diluting his stake further.Edit: since the notice if cessation of significant control was filed with CH, they've allotted £55m in additional shares. So he had less than 25% in January and it will be far less now.