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Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 9:08 am
by Rightfoot
Another club in foreign hands plunged into trouble, when will these clubs learn

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 9:12 am
by UpTheBeehole

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 9:31 am
by Tall Paul
What does the owners being foreign have to do with it?

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 9:35 am
by Goobs
Tall Paul wrote:What does the owners being foreign have to do with it?
Xenophobia

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 9:39 am
by Lord Beamish
I think the salient point is whether or not the Owners are competent and solvent, rather than whether or not they’re Foreign or Domestic.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 9:42 am
by UpTheBeehole
Man Utd and Man City are foreign owned.

Check the table and see where they finished last season.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 9:45 am
by claretspice
If Mee is to go, then James Chester is a not dissimilar sort of player, and another leader/communicator, so it wouldn't greatly surprise me to see us try and exploit Villa's instability to land him as a replacement.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 10:02 am
by Colburn_Claret
I don't like foreign owners, mainly because the club becomes an ego trip. At least this Dr Xia is making sense, in that they need to be run sustainably. Late in the day maybe, but a lot of these foreign owners get crap advice.
Good old Shebby.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 10:06 am
by ClaretTony
They’ve been spending beyond belief for two years since relegation. They said a couple of weeks ago that they would be tightening their belts but suggested it was to ensure they were ok with FFP. It seems that’s not the case and there are real financial problems there.

It’s certainly not because the owner is foreign given the examples we’ve seen of clubs with English owners.

I like the the way our club is run. I call it using my grandma’s accounting methods. She always said: “If you haven’t got it, don’t spend it,” and it seems to work.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 10:07 am
by GodIsADeeJay81
I've seen comments that Xia is struggling to get his money out of China due to government crackdowns.

He's apparently not put any money into the club for a few months.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 10:12 am
by ClaretTony
GodIsADeeJay81 wrote:I've seen comments that Xia is struggling to get his money out of China due to government crackdowns.

He's apparently not put any money into the club for a few months.
Could be the case. Doesn’t seem to be bothering Wolves though.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 10:19 am
by Lauren12
I'm sure good old John Terry was well worth his reported £3,000,000 he's taken from the club (obviously he was short of a bob or two in the first place, so can't blame him).

They were talking about JT on the radio the other day, saying his performances were average and his legs have gone a bit, but he's worth having around in the dressing room as he's 'one of the lads' and all that crap. 3 million quid to larf and joke about a bit and be one of the lads. Nice work if you can get it.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 10:29 am
by ClaretTony
Lauren12 wrote:I'm sure good old John Terry was well worth his reported £3,000,000 he's taken from the club (obviously he was short of a bob or two in the first place, so can't blame him).

They were talking about JT on the radio the other day, saying his performances were average and his legs have gone a bit, but he's worth having around in the dressing room as he's 'one of the lads' and all that crap. 3 million quid to larf and joke about a bit and be one of the lads. Nice work if you can get it.
It’s not so much laughing and joking, it’s galvanising the dressing room. Our manager sees things like that as key.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 10:33 am
by IanMcL
Gambling on promotion...

Says it all.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 10:33 am
by Lancasterclaret
I've absolutely no time whatsoever for John Terry the person, but I'm struggling to think of a better motivator inside a football team.

He's absolutely superb at that. You could see the difference he made when he was England captain for example (till his idiocy threw it away)

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 10:55 am
by Top Claret
I read today that Everton are also having to cut there wage bill before they bring in any more players. Everton spent silly money last season and the owner has obviously seen sense and put the breaks on, before they head the way of Villa.

No sympathy with Villa, they tried to buy there way out of the championship and failed miserably, let this be a lesson to others, although I doubt it.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 10:56 am
by Top Claret
ClaretTony wrote:It’s not so much laughing and joking, it’s galvanising the dressing room. Our manager sees things like that as key.
3 million is a lot to pay for a comedian

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 10:57 am
by randomclaret2
The merest hint of criticising anyone foreign is a dangerous game on here.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 11:05 am
by Bordeauxclaret
Lancasterclaret wrote:I've absolutely no time whatsoever for John Terry the person, but I'm struggling to think of a better motivator inside a football team.

He's absolutely superb at that. You could see the difference he made when he was England captain for example (till his idiocy threw it away)
What difference did he have on the England team as captain?
Can’t recall what period it was exactly, presumably qualifying but did we see a marked improvement?

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 11:09 am
by quoonbeatz
he kept wayne bridge out of the side.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 11:10 am
by Lancasterclaret
I thought that while he was skipper our performances improved, but I'm willing to accept that might have been that we had a better squad and a good manager (Sven)!

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 11:15 am
by tim_noone
Top Claret wrote:3 million is a lot to pay for a comedian
Small change compared to peter kays worth... :D

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 11:17 am
by tim_noone
Bordeauxclaret wrote:What difference did he have on the England team as captain?
Can’t recall what period it was exactly, presumably qualifying but did we see a marked improvement?
Great footballer for England and Chelsea.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 11:39 am
by Bordeauxclaret
tim_noone wrote:Great footballer for England and Chelsea.
He was a good player. I was just questioning what difference we saw in the England team while he was captain.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 11:47 am
by tiger76
IanMcL wrote:Gambling on promotion...

Says it all.
Newcastle weren't dissimilar fortunately for them they had Rafa,i wonder if Bruce will walk,tough ask to gain promotion next year,as all three relegated sides should be strong at that level.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 11:50 am
by tim_noone
Bordeauxclaret wrote:He was a good player. I was just questioning what difference we saw in the England team while he was captain.
I always thought he put a shift in...and preferred him over mr Ferdinand.England being poor for a lot of years tbf fine margins in all related performances.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 11:55 am
by Foulthrow
It's an absolute disgrace the NHS is paying this guy so much money that he can come over here from China and have the spare time and money to buy and run a football club. He wants to concentrate on his patients.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 12:09 pm
by UpTheClaretsFCBK
What nationality were our owners when we nearly went out of the league?

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 12:18 pm
by Colburn_Claret
I don't understand why people take issue with those that don't like foreign owners. It's got nothing to do with xenophobia, but the fact that they have no love of the team they are buying, have little or no knowledge of that team, or the league. They are mostly either on an ego trip, with every chance the bubble bursts when they lose intetest,or looking to make a profit, which in the modern game is highly unlikely, and dangerous too boot.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 12:20 pm
by Graham25goals
The impression I get is that some Burnley fans would welcome foreign investment to enable your club to compete for honours regularly.. Am I wrong?

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 12:23 pm
by joey13
claretspice wrote:If Mee is to go, then James Chester is a not dissimilar sort of player, and another leader/communicator, so it wouldn't greatly surprise me to see us try and exploit Villa's instability to land him as a replacement.
Did you see him in the play off final ?

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 12:37 pm
by Herts Clarets
Xia has suspended the Chief Executive Wyness. Collymore on Twitter suggesting that he had been touting the club for sale without the knowledge of Xia and indicating the price they could get it for.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 12:47 pm
by Tall Paul
Colburn_Claret wrote:I don't understand why people take issue with those that don't like foreign owners. It's got nothing to do with xenophobia, but the fact that they have no love of the team they are buying, have little or no knowledge of that team, or the league. They are mostly either on an ego trip, with every chance the bubble bursts when they lose intetest,or looking to make a profit, which in the modern game is highly unlikely, and dangerous too boot.
Are those things true of all foreign owners?

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 1:36 pm
by Lancasterclaret
We've bailed them out by paying 10% less on Ashley Westwoods transfer fee according to the Mirror.

We paid it all last month and saved ourselves, what?, £500,000?

Bad news for Villa, good news for us

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 2:05 pm
by Colburn_Claret
Tall Paul wrote:Are those things true of all foreign owners?
Time will tell, but the only truly successful foreign owners are the ones with a bottomless pit of wealth.
Lots of foreign owners could claim short term success, but long term, nobody outside the top 6.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 2:10 pm
by Sausage
Graham25goals wrote:The impression I get is that some Burnley fans would welcome foreign investment to enable your club to compete for honours regularly.. Am I wrong?
It's probably fair to say that some fans probably would welcome foreign investment. But there are also people who think the moon landings were faked and the earth is flat.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 2:13 pm
by GodIsADeeJay81
http://www.skysports.com/football/news/ ... g-up-order" onclick="window.open(this.href);return false;

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 2:13 pm
by Tall Paul
Colburn_Claret wrote:Time will tell, but the only truly successful foreign owners are the ones with a bottomless pit of wealth.
Lots of foreign owners could claim short term success, but long term, nobody outside the top 6.
Are there any "truly successful" long term, British (or non-foreign) owners without a bottomless pit of wealth outside the top six? If so, who are they?

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 2:17 pm
by andyh
Graham25goals wrote:The impression I get is that some Burnley fans would welcome foreign investment to enable your club to compete for honours regularly.. Am I wrong?
“Some” is statistically likely. However I think most look at your lot and think the grass is not always greener. Personally I don’t know what we would do with more investment. The ground is big enough. The team has a cohesion and unity that big money transfers would jeopardise. We need to maintain our course. Slowly but surely improve the squad every year without breaking the bank. We have enough money to do that!!

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 2:20 pm
by Murger
Zero chance HMRC will get them wound up. How many football clubs have they successfully done it too?

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 2:28 pm
by claptrappers_union
Colburn_Claret wrote:I don't understand why people take issue with those that don't like foreign owners. It's got nothing to do with xenophobia, but the fact that they have no love of the team they are buying, have little or no knowledge of that team, or the league. They are mostly either on an ego trip, with every chance the bubble bursts when they lose intetest,or looking to make a profit, which in the modern game is highly unlikely, and dangerous too boot.
But thats the way football is, its only the fans who care. We're lucky that our owners are from Burnley, however we don't know any different. Sadly, if you want Burnley to succeed and become a force in English football, our board will have to hand the reigns over to Mr A. Foreigner one day... as Burnley supporting Billionaires are quite hard to come by.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 2:34 pm
by Colburn_Claret
Tall Paul wrote:Are there any "truly successful" long term, British (or non-foreign) owners without a bottomless pit of wealth outside the top six? If so, who are they?
That would depend on how you measure success, and that is down to the individual.
Personally I would say it is sustainability. I would rather see Burnley in the Championship, and in the black.Than down in the Prem and in the red.

A very simple rule in life is never gamble more than you can afford to lose. Could Villa afford to 'lose', or Sunderland . The list goes on.
Can Everton sustain spending £200mill last summer, to drop a place in the league. They are already talking about having to recoup their money.
I can barely believe how fortunate we are to have a board that know and love Burnley. Know and love and understand the game. Know how to balance the books no matter the outside perception. A lot of owners fail to grasp that no matter how much money a club gets in the Premier League, at the end of the season three of them are getting relegated. One day it might be our turn to step backwards, but so long as we are run as presently, we won't be stepping backwards off a cliff.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 2:37 pm
by Wokingclaret
Our 800k and the Play off final takings must have fallen into that well known bottomless pit

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 2:40 pm
by Tall Paul
Colburn_Claret wrote:That would depend on how you measure success, and that is down to the individual.
Personally I would say it is sustainability. I would rather see Burnley in the Championship, and in the black.Than down in the Prem and in the red.

A very simple rule in life is never gamble more than you can afford to lose. Could Villa afford to 'lose', or Sunderland . The list goes on.
Can Everton sustain spending £200mill last summer, to drop a place in the league. They are already talking about having to recoup their money.
I can barely believe how fortunate we are to have a board that know and love Burnley. Know and love and understand the game. Know how to balance the books no matter the outside perception. A lot of owners fail to grasp that no matter how much money a club gets in the Premier League, at the end of the season three of them are getting relegated. One day it might be our turn to step backwards, but so long as we are run as presently, we won't be stepping backwards off a cliff.
All of those are fair comments, but none of them relate to where the owners come from (or answer the question I asked).

There are plenty of good foreign owners and also plenty of bad British ones.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 2:42 pm
by South West Claret.
Well if they are in trouble we might be able to pick up a cheaper player or maybe two.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 2:43 pm
by Wokingclaret
"I would rather see Burnley in the Championship, and in the black"

We'd lose money like water in that division.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 3:42 pm
by aggi
Colburn_Claret wrote:Time will tell, but the only truly successful foreign owners are the ones with a bottomless pit of wealth.
Lots of foreign owners could claim short term success, but long term, nobody outside the top 6.
Or the Glazers at Man Utd. No bottomless pit of wealth (the opposite if anything) but 5 titles, a a champions league win and a few cups.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 3:54 pm
by KRBFC
They will be fine when Leicester buy Grealish for £40M. Does this make Dr Xia a bad owner? supposedly it's cash flow problems, was this expected? The Villa fans seem to like Xia.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 4:30 pm
by Colburn_Claret
aggi wrote:Or the Glazers at Man Utd. No bottomless pit of wealth (the opposite if anything) but 5 titles, a a champions league win and a few cups.
No bottomless pit.
Did you see how much debt they had on buying Man U. there interest payments for a year where more than we've had in history. If they hadn't had the wealth behind them, they would never have been allowed to buy the club on tick.

Re: Aston Villa in financial trouble

Posted: Wed Jun 06, 2018 4:34 pm
by Colburn_Claret
Wokingclaret wrote:"I would rather see Burnley in the Championship, and in the black"

We'd lose money like water in that division.
You only lose money if you spend more than you receive. We wouldn't get as much money in the championship, no brainer, but you tighten your belt and budget accordingly. This thread isn't about whether Aston Villa made less money in the championship, but did they mould their budget to fit the circumstances. The threat of a winding up order clearly shows they didn't. Would you really like to see Burnley take a chance like that, because for a small town club on the edge of the Pennines it would be a death knell.