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Author Topic: Villa Park.....SOLD  (Read 12464 times)

Offline mike

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Re: Villa Park.....SOLD
« Reply #15 on: June 28, 2019, 06:54:55 PM »


What i don't understand is .. who have they bought it from ?

Don't they already own it ?

When they bought the club surely Villa Park was part of the deal if not who owns it ?

Itís called capitalism and itís bollocks. Philip Greenís wife owns his businesses and lives in Monaco, Facebook and Amazon pay less tax than me. Apparently, this is a really good way of generating a huge amount of money and the crumbs thereof landing on our plates mean that it is entirely in our interests.

Offline pauliewalnuts

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Re: Villa Park.....SOLD
« Reply #16 on: June 28, 2019, 07:25:19 PM »


What i don't understand is .. who have they bought it from ?

Don't they already own it ?

When they bought the club surely Villa Park was part of the deal if not who owns it ?

They have sold the ground to another company which they own - this is a way for them to get £60m into the club and satisfy FFP regulations.

They can't just inject 60m any more like in the old days.

Offline olaftab

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Re: Villa Park.....SOLD
« Reply #17 on: June 28, 2019, 07:32:35 PM »
It should have been at least £100M. Well done Villa anyway.

Offline UK Redsox

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Re: Villa Park.....SOLD
« Reply #18 on: June 28, 2019, 07:38:07 PM »
First stage in a plan to move the club to a site just off the M5 near Worcester. 😉

Offline SaddVillan

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Re: Villa Park.....SOLD
« Reply #19 on: June 28, 2019, 07:48:15 PM »
Somewhat ironic that one of the adverts on H&V is for an equity release company.

Offline thick_mike

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Re: Villa Park.....SOLD
« Reply #20 on: June 28, 2019, 08:03:25 PM »
Somewhat ironic that one of the adverts on H&V is for an equity release company.

And that someone is selling a Villa Park on another thread

Offline frank black

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Re: Villa Park.....SOLD
« Reply #21 on: June 28, 2019, 08:16:00 PM »


What i don't understand is .. who have they bought it from ?

Don't they already own it ?

When they bought the club surely Villa Park was part of the deal if not who owns it ?

Sneaky FFP jiggery pokery. Working within the rules but not the spirit of the rules. We are a high profile team, so I fully expect an investigation of sorts by public opinion/press. Time will tell whether we get punished or more likely they adjust FFP to prevent it happening in the future. Seems weíve been given a clean bill of health based upon recent meetings with the league, but I imagine the rules will be tweaked.

Offline paul_e

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Re: Villa Park.....SOLD
« Reply #22 on: June 28, 2019, 09:17:04 PM »


What i don't understand is .. who have they bought it from ?

Don't they already own it ?

When they bought the club surely Villa Park was part of the deal if not who owns it ?

Sneaky FFP jiggery pokery. Working within the rules but not the spirit of the rules. We are a high profile team, so I fully expect an investigation of sorts by public opinion/press. Time will tell whether we get punished or more likely they adjust FFP to prevent it happening in the future. Seems weíve been given a clean bill of health based upon recent meetings with the league, but I imagine the rules will be tweaked.

It's very simple to legitimise this, you just say that's it's been done to reflect the fact that the stadium, whilst heavily tied to the club, is used for other events (commonwealth games for example) and these alternative uses can be better handled in this new structure.

Offline frank black

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Re: Villa Park.....SOLD
« Reply #23 on: June 28, 2019, 09:32:17 PM »


What i don't understand is .. who have they bought it from ?

Don't they already own it ?

When they bought the club surely Villa Park was part of the deal if not who owns it ?

Sneaky FFP jiggery pokery. Working within the rules but not the spirit of the rules. We are a high profile team, so I fully expect an investigation of sorts by public opinion/press. Time will tell whether we get punished or more likely they adjust FFP to prevent it happening in the future. Seems weíve been given a clean bill of health based upon recent meetings with the league, but I imagine the rules will be tweaked.

It's very simple to legitimise this, you just say that's it's been done to reflect the fact that the stadium, whilst heavily tied to the club, is used for other events (commonwealth games for example) and these alternative uses can be better handled in this new structure.

Exactly jiggery pokery. Letís be fair itís a way around the system used by a fair few teams.

Offline Newby

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Re: Villa Park.....SOLD
« Reply #24 on: June 28, 2019, 10:44:41 PM »
If we were to be relegated, God forbid, does this not hurt us in the long run as we can't sell it twice to avoid future FFP?

Offline cdbullyweefan

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Re: Villa Park.....SOLD
« Reply #25 on: June 28, 2019, 10:46:07 PM »
We can always just sell Bodymoor Heath...

Offline hilts_coolerking

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Re: Villa Park.....SOLD
« Reply #26 on: June 28, 2019, 10:48:16 PM »
Ultimately, whose money is used to make this purchase and ultimately who does it go to?

Offline Risso

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Re: Villa Park.....SOLD
« Reply #27 on: June 28, 2019, 10:51:46 PM »


What i don't understand is .. who have they bought it from ?

Don't they already own it ?

When they bought the club surely Villa Park was part of the deal if not who owns it ?

Sneaky FFP jiggery pokery. Working within the rules but not the spirit of the rules. We are a high profile team, so I fully expect an investigation of sorts by public opinion/press. Time will tell whether we get punished or more likely they adjust FFP to prevent it happening in the future. Seems weíve been given a clean bill of health based upon recent meetings with the league, but I imagine the rules will be tweaked.

As I said at the time Derby did it, it's not jiggery pokery, it's a common sale and leaseback transaction that has real commercial consequences.  The club don't own the stadium any longer.  As long as it's at a proper market value then there's no problem from a purely business point of view.  Obviously there's the emotional side, which is a different thing entirely.

Offline pauliewalnuts

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Re: Villa Park.....SOLD
« Reply #28 on: June 28, 2019, 10:54:56 PM »
Ultimately, whose money is used to make this purchase and ultimately who does it go to?

Edens and Sawiris fund NSWE Stadium Ltd with £60m of their own money. NSWE Stadium Ltd pay Aston Villa FC Ltd (or whatever our holding company is called) £60m to buy the stadium. Aston Villa FC Ltd now have an added income of £60m on the books and therefore reduce their losses and pass FFP. NSWE Stadium Ltd have -£60m on their books, but that does not matter, because they are not subject to FFP. They are a seperate company.

It is basically a really, really transparent way for Edens and Sawiris to get money into the club. A little bit like selling massively overvalued naming rights (Man City).

I am just glad we have owners with enough money to do this to avoid us getting shafted over finances. They have, apparently, done this at a figure which is just right to get us out of the shit whilst not looking insanely dodgy (apparently Derby did the same thing except for a higher figure which attracted way more suspicion).

Offline olaftab

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Re: Villa Park.....SOLD
« Reply #29 on: June 28, 2019, 11:05:21 PM »
So the club is renting back the stadium at hopefully £10/month.

 


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