| Villa in financial meltdown 12:11 - May 28 with 21787 views | enfieldargh |
https://www.telegraph.co.uk/football/2018/05/25/aston-villa-facing-financial-dis
Well they didnt make it and John Terry's career ended like a long wet fart...shame
So if all this is true which other clubs will find themselves up a creek without a paddle?
Boro splashed out big time last season, it failed
Norwich although getting money in for Murphy and a few others also splashed the cash.
Sheff Weds i recall Clive saying that they were right in the doodoo
Reading spent a fortune and paid off a whole coaching team plus Paul clements enticement
Birmingham, cant believe the tosh re Smithies, surely facing a transfer embargo
Forest? Another big spender along with long time falter experts Derby
Besides us who else?
Preston keep adding possible gems to their squad, they offloaded Hurgill to West Ham for 10M+ last season so are probably well managed financially.
Brentford, Millwall ,Ipswich have their heads screwed on the right way. Cant see Blades or the 3 promoted teams going gung ho
Of the relegated prem teams they have got some serious off loading of players to do.
Interesting to see how they regroup, if they can sell the likes of Fer and other Prem failures in a World Cup year with fresh talent on show to the highest bidders.
Think its going to be fun and hope our tight knit band including exciting young players will play a relaxed, fun and attacking brand of football without the financial pressures from board room level having highly paid low motivated players needing to succeed. |  |
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| Villa in financial meltdown on 12:08 - Jun 6 with 4401 views | themodfather |
there will be a bailout, there always is....another club poorly run, over paying players and agents....living the dream.
i might have sympathy but they had john terry. there it is. close em down! |  | | |
| Villa in financial meltdown on 15:26 - Jun 6 with 4162 views | Ashdown_Ranger |
Aston Villa have "gone to the casino, rolled the dice and it hasn't worked"
It's like deja vu all over again...
From the BBC website:
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"Aston Villa have "gone to the casino, rolled the dice and it hasn't worked... in their failed bid to return to the Premier League" according to the club's former finance director Mark Ansell.
Losing the Championship play-off final saw Villa miss out on around £160m.
And amid reports of owner Dr Tony Xia needing to sell the club, Villa are currently working with HM Revenue & Customs to resolve an unpaid tax bill.
"You have to question the management of the club," Ansell told BBC WM.
"The Revenue would have looked at the play-offs as a 'get out of jail free' card. When they didn't win that promotion, they would then have been questioning whether or not they could get their money.
"Villa have gone to the casino, they've rolled the dice and it hasn't worked."
Villa will spend a third successive season in the Championship following last month's Wembley defeat by Fulham, after which manager Steve Bruce warned that there might be "difficult times ahead".
Captain John Terry, who would have triggered a contract extension had Villa gone up, left the club last week.
Then, on Tuesday, Villa suspended chief executive Keith Wyness, who was appointed by Xia when he took over during the summer of 2016.
Wyness' suspension is in no way connected to the club's unpaid tax bill.
The club reported a loss of £14.5m for the 2016-17 season, their first in the Championship following relegation from the Premier League and first under Xia's ownership.
That was a significant reduction on the £80.7m loss in 2015-16, when Villa were relegated from the top flight for the first time since 1987.
Villa bought players for £88m but a lot were on credit and a lot of those deals are yet to be finalised. They also probably had the highest wage bill in the Championship last season and meeting that on a monthly basis is a significant outgoing.
You have to pay your PAYE and VAT bills on a monthly basis. But the tax authorities don't normally jump up and down if you're just late on one payment. So you'd have to assume that tax bills have not been paid for two or three months. That's when HMRC start to get more nervous.
Tony Xia has put in about £4m a month from his own pocket since he took over. He can pay it from his independent wealth. Whether he can get the money out of China is another thing. That and whether he's reached the stage where he's fed up of subsidising it to the extent that he has done over the last two years.
They should get their financial parachute payment from the Premier League but there are currently far more questions than answers.
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www.bbc.co.uk/sport/football/44382488 |  | | |
| Villa in financial meltdown on 17:29 - Jun 6 with 4052 views | rsonist |
| Villa in financial meltdown on 15:26 - Jun 6 by Ashdown_Ranger |
Aston Villa have "gone to the casino, rolled the dice and it hasn't worked"
It's like deja vu all over again...
From the BBC website:
-------
"Aston Villa have "gone to the casino, rolled the dice and it hasn't worked... in their failed bid to return to the Premier League" according to the club's former finance director Mark Ansell.
Losing the Championship play-off final saw Villa miss out on around £160m.
And amid reports of owner Dr Tony Xia needing to sell the club, Villa are currently working with HM Revenue & Customs to resolve an unpaid tax bill.
"You have to question the management of the club," Ansell told BBC WM.
"The Revenue would have looked at the play-offs as a 'get out of jail free' card. When they didn't win that promotion, they would then have been questioning whether or not they could get their money.
"Villa have gone to the casino, they've rolled the dice and it hasn't worked."
Villa will spend a third successive season in the Championship following last month's Wembley defeat by Fulham, after which manager Steve Bruce warned that there might be "difficult times ahead".
Captain John Terry, who would have triggered a contract extension had Villa gone up, left the club last week.
Then, on Tuesday, Villa suspended chief executive Keith Wyness, who was appointed by Xia when he took over during the summer of 2016.
Wyness' suspension is in no way connected to the club's unpaid tax bill.
The club reported a loss of £14.5m for the 2016-17 season, their first in the Championship following relegation from the Premier League and first under Xia's ownership.
That was a significant reduction on the £80.7m loss in 2015-16, when Villa were relegated from the top flight for the first time since 1987.
Villa bought players for £88m but a lot were on credit and a lot of those deals are yet to be finalised. They also probably had the highest wage bill in the Championship last season and meeting that on a monthly basis is a significant outgoing.
You have to pay your PAYE and VAT bills on a monthly basis. But the tax authorities don't normally jump up and down if you're just late on one payment. So you'd have to assume that tax bills have not been paid for two or three months. That's when HMRC start to get more nervous.
Tony Xia has put in about £4m a month from his own pocket since he took over. He can pay it from his independent wealth. Whether he can get the money out of China is another thing. That and whether he's reached the stage where he's fed up of subsidising it to the extent that he has done over the last two years.
They should get their financial parachute payment from the Premier League but there are currently far more questions than answers.
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www.bbc.co.uk/sport/football/44382488 |
It's not like deja vu because the key factor that turns this into an administration crisis overnight is the Chinese government turning the taps off. Tightening their belts under FFP under normal restrictions would have been uncomfortable but still achievable. |  | | |
| Villa in financial meltdown on 17:29 - Jun 6 with 4052 views | Harbour |
No sympathy for AV they signed the scum captain idiot. Gambled and it all fell apart overpaid over the hill team and lost...Hope they go down to L1.. | | | |
| Villa in financial meltdown on 18:04 - Jun 6 with 3984 views | Hayesender |
Maybe, just maybe, we should all be thankful for evil Les and Hoos |  |
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| Villa in financial meltdown on 10:42 - Jun 7 with 3670 views | terryb |
Would the £4 million payments have been allowable against FFP?
How they will cope with a loss of £48 million income per year I have no idea! | | | |
| Villa in financial meltdown on 12:15 - Jun 7 with 3521 views | rsonist |
[Post edited 7 Jun 2018 12:17]
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| Villa in financial meltdown on 12:30 - Jun 7 with 3481 views | lave16 |
| Villa in financial meltdown on 12:15 - Jun 7 by rsonist |
[Post edited 7 Jun 2018 12:17]
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Not wanting to delight in others misery but I am laughing my h ole off at this as I have been getting tortured by a villa fan for years about our own various financial status's | |
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| Villa in financial meltdown on 12:58 - Jun 7 with 3377 views | R_from_afar |
I thought this was interesting in the Guardian article:
"The Championship play-off final was on the horizon — a get-rich-quick ticket that had the potential to put Villa’s financial worries to bed — but so was the HMRC deadline, which came 24 hours before the pivotal game against Fulham at Wembley. Villa missed the deadline and the golden ticket slipped through their fingers the following day. Suddenly it was crisis time".
I can well imagine that news of the deadline spread through the club before the big game. That would have unsettled the players, in my view. That massive tax bill meant that winning the play-off was about not just about getting their hands on the usual riches but also about digging themselves out of a worrying and serious financial hole.
The money that gets squandered in football! 
RFA |  |
| "Things had started becoming increasingly desperate at Loftus Road but QPR have been handed a massive lifeline and the place has absolutely erupted. it's carnage. It's bedlam. It's 1-1." |
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| Villa in financial meltdown on 13:57 - Jun 7 with 3295 views | PlanetHonneywood |
Sunderland can’t be too far behind either.
It shows how ridiculous the Premiership business model is on the one hand; and how utterly stupid some club chairs/owners can be on the other. A relegated club that doesn’t go back up inside two seasons is basically knackered if they haven’t budgeted and managed themselves accordingly.
I do wonder how say Bournemouth, t’Huddersfield would cope if they dropped back down? Utter shambles of monkey spunk that I’ve long since not bothered with.
That said, I would have loved it if Wham! had been relegated! |  |
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| Villa in financial meltdown on 15:18 - Jun 7 with 3214 views | TacticalR |
| Villa in financial meltdown on 13:57 - Jun 7 by PlanetHonneywood |
Sunderland can’t be too far behind either.
It shows how ridiculous the Premiership business model is on the one hand; and how utterly stupid some club chairs/owners can be on the other. A relegated club that doesn’t go back up inside two seasons is basically knackered if they haven’t budgeted and managed themselves accordingly.
I do wonder how say Bournemouth, t’Huddersfield would cope if they dropped back down? Utter shambles of monkey spunk that I’ve long since not bothered with.
That said, I would have loved it if Wham! had been relegated! |
The lethal combination of the existence of the Premiership and its plenty alongside FFP and its austerity has created a massive problem for clubs that pass between those two worlds.
Premier League: Clubs 'risk bankruptcy' with promotion
Premier League: Clubs 'risk bankruptcy' with promotion by TacticalR 12 Oct 2017 16:42'Between the 2008-09 and 2015-16 seasons, 19 clubs entered the top flight, and only one - Crystal Palace - avoided making a loss.'
'Most of the promoted clubs made money in their first Premier League season, but after four years just one in four was still in the black, according to Vysyble's report.
One in three was immediately relegated and two in three were down again within three years.
The report describes the "economic exhaustion" of trying to compete with the more established Premier League clubs.
Report co-author Roger Bell said many fans and owners of EFL clubs see promotion to the top flight as a "golden ticket to untold riches" but in reality trying to stay in the Premier League is "ultimately loss-making".'
Premier League: Clubs 'risk bankruptcy' with promotion
http://www.bbc.co.uk/sport/football/41564471
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| Villa in financial meltdown on 10:12 - Jun 8 with 3032 views | TacticalR |
Some of my best friends are sustainable
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| Villa in financial meltdown on 10:19 - Jun 8 with 3016 views | Phildo |
I actually think what is happening to Villa and has happened to Sunderland may in the long run mean some changes are coming as it will be going onto the risk assessments at a lot of Premier league clubs- the trap door is looking a lot more precarious. The championship is in a bad way for losses at a time when clubs above them are starting to be running at a profit and owners will be mindful of that. By hitting relegated clubs with FFP the league may be in a better long term negotiating position.Also the sums involved leading to our fine are looking smaller by the day (as mad as they were). |  | | |
| Villa in financial meltdown on 12:41 - Jun 8 with 2925 views | blacky200 |
Villa won't go into admin surely. They have quite a few saleable assets that should cover any loss. It's being touted in the papers (yeah I know it's paper talk) but Grealish will be sold for a huge sum. |  | | |
| Villa in financial meltdown on 13:25 - Jun 8 with 2878 views | MedwayR |
| Villa in financial meltdown on 12:41 - Jun 8 by blacky200 |
Villa won't go into admin surely. They have quite a few saleable assets that should cover any loss. It's being touted in the papers (yeah I know it's paper talk) but Grealish will be sold for a huge sum. |
Depends on timing I guess, if they can't raise the funds in time to pay the tax bill then they're in the brown stuff regardless of what saleable assets they have.
I also think people are over-egging how much they'd get for Grealish. Despite playing in one of the strongest teams in the Championship he only scored 3 goals and got 6 assists. He missed a big chunk of the season through injury (not sure on the type of injury and whether that works for or against him here) but even if you said over a season in the Championship he'd be good for 6 goals and 12 assists it's still not that great. Luke Freeman got 5 goals and 12 assists for us, a lower mid-table team that struggles to score. Throw in Grealish's well publicised antics off the pitch, plus the fact that he's 22 so not exactly a kid anymore and Villa's situation and they'll do well to get more than £5m for him. The only things that would help them are a bidding war & Grealish not pushing for a move.
In comparison, the divisions other 'wonderkid' Ryan Sessegnon got 16 goals and 8 assists despite playing some of the season at LB and is only 18. I know who I'd rather spend my money on. |  |
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| Villa in financial meltdown on 13:30 - Jun 8 with 2865 views | TGRRRSSS |
| Villa in financial meltdown on 12:41 - Jun 8 by blacky200 |
Villa won't go into admin surely. They have quite a few saleable assets that should cover any loss. It's being touted in the papers (yeah I know it's paper talk) but Grealish will be sold for a huge sum. |
Grealish isnt worth anywhere near 40m quoted, I'd say they'll do well to get 20m quite honestly,
If I was running a PL club and wanted him I'd chance an initial cheeky 12m or so.
As for EFL, looks like they might destroy their own product here with FFP. |  | | |
| Villa in financial meltdown on 16:17 - Jun 8 with 2713 views | qprjeff1882 |
| Villa in financial meltdown on 13:30 - Jun 8 by TGRRRSSS |
Grealish isnt worth anywhere near 40m quoted, I'd say they'll do well to get 20m quite honestly,
If I was running a PL club and wanted him I'd chance an initial cheeky 12m or so.
As for EFL, looks like they might destroy their own product here with FFP. |
I think people over estimate players just because they play for a 'bigger club'. Grealish is a fancy dan of a player who more often than not flatters to deceive. Just because he plays for Villa doesn't mean he's any better than other teams players and as his stats this season have proved is merely average at best. Other clubs i think would do well to steer clear of playing silly money for him. | | | |
| Villa in financial meltdown on 16:24 - Jun 8 with 2700 views | Juzzie |
| Villa in financial meltdown on 12:41 - Jun 8 by blacky200 |
Villa won't go into admin surely. They have quite a few saleable assets that should cover any loss. It's being touted in the papers (yeah I know it's paper talk) but Grealish will be sold for a huge sum. |
They should get good money for Snodgrass and Terry too. |  | | |
| Villa in financial meltdown on 19:37 - Jun 8 with 2583 views | kensalriser |
| Villa in financial meltdown on 16:24 - Jun 8 by Juzzie |
They should get good money for Snodgrass and Terry too. |
Don't forget Benteke too. |  |
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| Villa in financial meltdown on 20:04 - Jun 8 with 2550 views | londonscottish |
| Villa in financial meltdown on 12:30 - Jun 7 by lave16 |
Not wanting to delight in others misery but I am laughing my h ole off at this as I have been getting tortured by a villa fan for years about our own various financial status's |
Yeah I used to get wound up by a couple of Villa fans I used to work with. Looking forward to seeing them again...... |  |
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| Villa in financial meltdown on 10:52 - Jun 9 with 2381 views | enfieldargh |
| Villa in financial meltdown on 19:37 - Jun 8 by kensalriser |
Don't forget Benteke too. |
You mean Kodja?
Benteke went to Palace(via Liverpool) | |
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| Villa in financial meltdown on 11:32 - Jun 9 with 2331 views | TacticalR |
| Villa in financial meltdown on 10:19 - Jun 8 by Phildo |
I actually think what is happening to Villa and has happened to Sunderland may in the long run mean some changes are coming as it will be going onto the risk assessments at a lot of Premier league clubs- the trap door is looking a lot more precarious. The championship is in a bad way for losses at a time when clubs above them are starting to be running at a profit and owners will be mindful of that. By hitting relegated clubs with FFP the league may be in a better long term negotiating position.Also the sums involved leading to our fine are looking smaller by the day (as mad as they were). |
That's a very optimistic interpretation of events.
The main thing that is happening is the top six syphoning off more money for themselves. They don't give a damn about their own league let alone anybody else's league.
Premier League’s top six win battle for larger share of overseas TV rights
https://www.theguardian.com/football/2018/jun/07/premier-league-big-six-win-batt
Wenger's interview last month was also interesting:
'Arsenal boss Arsene Wenger says the introduction of a European super league is "inevitable", and Premier League matches would be moved to midweek.
"In a few years you will certainly have a European league over the weekends," said Wenger.
"But if you have Real Madrid v Barcelona, or Real Madrid v Arsenal, or Manchester United v Bayern Munich every week the audiences will be good."'
He seems quite happy for Arsenal to be a punchbag club in the European super league as long as they can get beaten up on a Saturday.
European super league inevitable, says Arsenal boss Arsene Wenger
https://www.bbc.co.uk/sport/football/44077078 | |
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| Villa in financial meltdown on 12:57 - Jun 9 with 2259 views | kensalriser |
| Villa in financial meltdown on 10:52 - Jun 9 by enfieldargh |
You mean Kodja?
Benteke went to Palace(via Liverpool) |
Catch up, enfield! I was riffing on Juzzie's joke. | |
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| Villa in financial meltdown on 11:58 - Jul 20 with 1758 views | rsonist |
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