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Author Topic: Villa Park.....SOLD  (Read 12569 times)

Offline jwarry

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Re: Villa Park.....SOLD
« Reply #45 on: June 29, 2019, 12:09:45 PM »
If we have non-footballing events at Villa Park, eg boxing matches or Take That concerts, I assume this means Villa no longer get any of the money?
[/quote
If we have non-footballing events at Villa Park, eg boxing matches or Take That concerts, I assume this means Villa no longer get any of the money?

I wouldn’t mind watching somebody boxing Take That 😁

Offline pauliewalnuts

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Re: Villa Park.....SOLD
« Reply #46 on: June 29, 2019, 01:11:11 PM »
If we have non-footballing events at Villa Park, eg boxing matches or Take That concerts, I assume this means Villa no longer get any of the money?

Not necessarily the case.

Offline olaftab

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Re: Villa Park.....SOLD
« Reply #47 on: June 29, 2019, 01:15:18 PM »
If we have non-footballing events at Villa Park, eg boxing matches or Take That concerts, I assume this means Villa no longer get any of the money?
Depends on if we are paying NSWE match by match rental for use of the actual stadium or we have it leased back🤔

Offline Confusious says

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Re: Villa Park.....SOLD
« Reply #48 on: June 29, 2019, 07:12:36 PM »
The main advantage I see from having a separate company own the ground despite the obvious one to make sure we comply with ffp
Is that if heaven forbid that someone tried to wind up Aston Villa fc
for any debt, we would still have a ground which could not be touched by the receivers, allowing us to start up again wiping our debts out at the same time. As I believe other clubs have done including Wolves have
done in the past which is my understanding of the situation

Online algy

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Re: Villa Park.....SOLD
« Reply #49 on: June 29, 2019, 07:30:00 PM »
Say in 5 years time, could NSWE Stadium Ltd buy the rest of the football club, merge the two, and we get back to being able to sell our stadium back to ourselves again? (Obvs waiting long enough that it isn't suspect)

Offline Risso

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Re: Villa Park.....SOLD
« Reply #50 on: June 29, 2019, 08:34:45 PM »
I'm not concerned about the sale, but what happened to Villa Park being an Asset of Community Value?  i thought that in the event of a sale, it meant the owners had to inform the people who had applied for it to be so registered, in this case the Trust?

Offline cheltenhamlion

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Re: Villa Park.....SOLD
« Reply #51 on: June 29, 2019, 09:31:18 PM »
I'm not concerned about the sale, but what happened to Villa Park being an Asset of Community Value?  i thought that in the event of a sale, it meant the owners had to inform the people who had applied for it to be so registered, in this case the Trust?

It is with the legal advisors.

Offline Risso

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Re: Villa Park.....SOLD
« Reply #52 on: June 30, 2019, 04:34:11 PM »
I'm not concerned about the sale, but what happened to Villa Park being an Asset of Community Value?  i thought that in the event of a sale, it meant the owners had to inform the people who had applied for it to be so registered, in this case the Trust?

It is with the legal advisors.

Whose?

Online dave.woodhall

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Re: Villa Park.....SOLD
« Reply #53 on: June 30, 2019, 07:59:29 PM »
I'm not concerned about the sale, but what happened to Villa Park being an Asset of Community Value?  i thought that in the event of a sale, it meant the owners had to inform the people who had applied for it to be so registered, in this case the Trust?

Apparently it doesn't count if the primary use isn't going to be changed.

Offline Risso

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Re: Villa Park.....SOLD
« Reply #54 on: June 30, 2019, 08:14:06 PM »
I'm not concerned about the sale, but what happened to Villa Park being an Asset of Community Value?  i thought that in the event of a sale, it meant the owners had to inform the people who had applied for it to be so registered, in this case the Trust?

Apparently it doesn't count if the primary use isn't going to be changed.

That would make sense.  Cheers.

Online dave.woodhall

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Re: Villa Park.....SOLD
« Reply #55 on: June 30, 2019, 08:21:32 PM »
The Trust aren't deliriously happy, mind. https://villatrust.org.uk/villa-park/

Quote
Villa Park

The Trust is concerned to read the news today, that despite the recording of an Asset of Community Value on the stadium, a transfer of ownership may have taken place.

We are attempting to clarify the details. When they are available we will seek an urgent meeting with the club.

In addition, we will be requesting clarification on the loss of match day facilities for fans, with the demolition of Villa Village and the Academy, which was not mentioned at the FCG when it is evident plans were far advanced.

Offline Damo70

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Re: Villa Park.....SOLD
« Reply #56 on: June 30, 2019, 08:23:30 PM »
If we have non-footballing events at Villa Park, eg boxing matches or Take That concerts, I assume this means Villa no longer get any of the money?
[/quote
If we have non-footballing events at Villa Park, eg boxing matches or Take That concerts, I assume this means Villa no longer get any of the money?

I wouldn’t mind watching somebody boxing Take That 😁




I have seen Bruce Springsteen live at Villa Park. Unfortunately I missed the Villa Park gigs of Duran Duran and Billy Graham. Apparently Billy Graham's support act was Cliff Richard.
« Last Edit: June 30, 2019, 08:26:00 PM by Damo70 »

Offline Risso

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Re: Villa Park.....SOLD
« Reply #57 on: June 30, 2019, 08:50:23 PM »
I'm not concerned about the sale, but what happened to Villa Park being an Asset of Community Value?  i thought that in the event of a sale, it meant the owners had to inform the people who had applied for it to be so registered, in this case the Trust?

Apparently it doesn't count if the primary use isn't going to be changed.

That would make sense.  Cheers.

Actually, I think it's probably more likely to do with this exemption:

10.—(1) A disposal by one body corporate to another, where the second one is a group undertaking in relation to the first.
(2) In this paragraph, “group undertaking” has the meaning given by section 1161(5) of the Companies Act 2006(d).

I think as it's a sale to a related party under common contol it meets that exemption.

Offline pauliewalnuts

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Re: Villa Park.....SOLD
« Reply #58 on: June 30, 2019, 08:58:48 PM »
The Trust aren't deliriously happy, mind. https://villatrust.org.uk/villa-park/

Quote
Villa Park

The Trust is concerned to read the news today, that despite the recording of an Asset of Community Value on the stadium, a transfer of ownership may have taken place.

We are attempting to clarify the details. When they are available we will seek an urgent meeting with the club.

In addition, we will be requesting clarification on the loss of match day facilities for fans, with the demolition of Villa Village and the Academy, which was not mentioned at the FCG when it is evident plans were far advanced.

That's an interesting point about it not being mentioned at the FCG meeting.

Offline Risso

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Re: Villa Park.....SOLD
« Reply #59 on: June 30, 2019, 09:22:50 PM »
They sort of did.  The question was asked, and the response was "no plans to sell it to a third party".  Obviously a more precise answer would have been "we're just signing off on selling it to a related party".

 


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