Aston Villa Group End of Year Accounts - year end May 31st 2022

[paul_e]

I remember £30m being mentioned around the time of the takeover, that NSWE had to pay to Lerner as Xia was unable to.
I thought that had all been paid in one go upon their purchase of the club. Still, that's the last of it now.

If our turnover is down but we've made a profit for once, what expenditure have we clawed back on?

I think that was paid in full at the time £30m for promotion and a further £10m once were reestablished seems reasonable given the upfront cost was pretty low for a club our size.

[dave.woodhall]

I worked at an unnamed Big 4 accounting firm when Xia 'owned' us. The know your client information provided on the system was a gas bill for an apartment in Beijing that wasn't owned in his name. That was when I realised how bad things were.

I often wonder how was he allowed to buy us?  The fit and proper persons test and/or Randy Lerner let us down very badly. 

This is the problem when you have an owner who wants out as much as you want him out. He would have sold to the first offer that came anywhere near what he wanted.

[Risso]

Urgh. Lerner should be waving those payments considering the damage his tenure did

Would you waive that kind of money?

I imagine it's owed to the family trust and not him personally anyway.

[SamTheMouse]

Xia. What a c**t.

[DB]

Our current owners really sorted us out. Next time someone complains about not spending enough on players, just remember, we may not have been here at all if they hadn't have come in.
Yes, Xia what a c*nt.

[darren woolley]

Our current owners really sorted us out. Next time someone complains about not spending enough on players, just remember, we may not have been here at all if they hadn't have come in.
Yes, Xia what a c*nt.

I agree.

[pauliewalnuts]

The club paying out the money to Randy because the person HE chose to sell to didn't have a pot to piss in.

Don't get me wrong, he's right to want his money, but selling to that absolute chancer was like one more, final dereliction of duty from Lerner.

[hipkiss92]

I worked at an unnamed Big 4 accounting firm when Xia 'owned' us. The know your client information provided on the system was a gas bill for an apartment in Beijing that wasn't owned in his name. That was when I realised how bad things were.

I often wonder how was he allowed to buy us?  The fit and proper persons test and/or Randy Lerner let us down very badly. 

This is the problem when you have an owner who wants out as much as you want him out. He would have sold to the first offer that came anywhere near what he wanted.

Shows how shoddy RECON were that they signed up to those payments back to Lerner if we then got back into the Premier League as well. If Lerner wanted out that badly the people buying the club should have pushed harder against things like that. Unless of course the up front asking price was reduced to compensate it.

[Hookeysmith]

I worked at an unnamed Big 4 accounting firm when Xia 'owned' us. The know your client information provided on the system was a gas bill for an apartment in Beijing that wasn't owned in his name. That was when I realised how bad things were.

I often wonder how was he allowed to buy us?  The fit and proper persons test and/or Randy Lerner let us down very badly. 

This is the problem when you have an owner who wants out as much as you want him out. He would have sold to the first offer that came anywhere near what he wanted.

As the Blues have found out when Porno dwarf sold to a Hong Kong hairdresser - we are always classed by our local teams as being historians but i am sure it was our history and heritage that made us such an exciting project - unlike the Dog shit who have only a history of being...err...Blues

[Smoke]

Just doesn't sit right that the club has to pay out Lerner because his sale went bad.

And to think he liked to call himself a "custodian"

Fuck you Lerner and Fuck you too Xia. 

[eamonn]

Lerner took a haircut on the original sale, so future-fees were understandable and sensible from his side. Like when Ty Mings playing for England triggered another clause and fee to pay Bournemouth, or Keinan Davis starts a game for us and doesn't get injured, Biggleswade Waders get a wheelbarrow of tenners.

[London Villan]

We are having to pay because we got promoted and he'll have missed out on that gravy train - didn't he buy us for £60m? We'd be worth what - £300m-£400m if we were sold today.

[Risso]

Our current owners really sorted us out. Next time someone complains about not spending enough on players, just remember, we may not have been here at all if they hadn't have come in.

So we can't expect to ever challenge for honours and have to remain grateful instead for them saving us, forever?

[Smirker]

Our current owners really sorted us out. Next time someone complains about not spending enough on players, just remember, we may not have been here at all if they hadn't have come in.
Yes, Xia what a c*nt.

Well said.

[DB]

Our current owners really sorted us out. Next time someone complains about not spending enough on players, just remember, we may not have been here at all if they hadn't have come in.

So we can't expect to ever challenge for honours and have to remain grateful instead for them saving us, forever?

No Risso, it just puts things into perspective.