Matt Damon
Player Valuation: £60m
No chance. Financial fair play regs. If they want to play in Europe they simply cannot.
- Status
No chance. Financial fair play regs. If they want to play in Europe they simply cannot.
Matt Damon
Player Valuation: £60m
Davek's self loathings got him into a situation where he thinks anyone with money = good and anyone without = bad.
Not only that. How on earth can Villa be losing so much money every year. By the end of next season they'll be owing him £200million.
That's approaching a substantial wedge of his fortune. Is he really going to continue in that?
TheFinnFan
Finners
what does that mean, i dont understand??? is there such rules??
Matt Damon
Player Valuation: £60m
davek
Player Valuation: £150m
What's the fixation with debt? All clubs have it. Barcleona are in debt to the tune of £400M. It matters a great deal who the debt is controlled by. In this instance it's the owner and he's determined that if he's to continue shouldering that debt then changes will be made to the way the club does business. Sounds pretty reasonable when you've just seen a failure manager piss a hundred million quid up against the wall. The sale of players will be a recycling exercise. The evidence we have to date points to the prospect of the money raised going to the manager (whomever that wll be now).
This really is desperate stuff believing that Villa are worse off than Everton. I mean come on, open your eyes, we'd be staring into the abyss if player sales this summer weren't going to pay off interest payments and part of the principal debt owed to outside finance houses.
It's a joke to compare Everton to Villa.
Ha ha good old Mr MBNA, shouldering the debt, fighting the good fight - i honestly feel really sorry for Villa fans.
I agree mate it is a joke, its the Liverpool model all over again, i just have to sit back and watch Randy killing that club, you say debt isnt relevent - Kool and the gang. Lets see, in the meantime ill watch Randy run up debt and plunder their revenue and watch their best players go the way of Barry and Milner, ha ha in a cost cutting exercise.
Last edited:
davek
Player Valuation: £150m
I dont say it isn't relevant, I say it's the context in which debt is held that's important. For example, Barcelona are £400M in debt - but their debt is good because they run it up with regional banks that wouldn't dare put them in the brown stuff over it (not to mention they have huge commercial firepower that'll cover it as long as they continue doing the business on the pitch). Villa's debt is also the owners debt. He'll want to prune and then compete on the pitch to grow the business to make it self-sustaining. He got the club gratis so the losses to him should be seen in that light too. He'll carry the debt forward and Villa will be in no danger of collapse, there's scope there for a successful turning around of their fortunes. Then there;s Everton type debt: mortgaged up to the hilt with banks who want their pound of flesh and dont care if the first team squad are sold to get it. Added to that we have no scope to grow the business and create reveneue and no will/means for the board to inject investment.
Three clubs and three kinds of debt - and we all know which one faces the most desperate future.
Why would he want to prune the debt when hes charging £4.5m interest on the promisary notes. Thats before you look at the interest being charged by other loans outside the Learner stable.
yes, YES, YES.
davek
Player Valuation: £150m
With respect mate, £4.5M interst payment to this feller isn't worth getting out of bed for. He's charging rock bottom interest rate IIRC. We're not seriously suggesting this billionaire is involved with Villa to plunder that level of cash are we?
It seems worth getting up for in Brum mate. You have accused the current board of gross negligance/incompetence for running up a similar interest rate here, and thats just to him, never mind the banks. So your club is in debt for 130 mill, most of it to you, what do you do take about 5% of turnover to line your pockets.
Last edited:
davek
Player Valuation: £150m
They actually took the Bear Stearns securitization on at a rate of interest that turned a £30M borrowing into a £68M repayment.
I know, but when it comes to your comments about Learner and our board, different rules seem to apply for the same offence in fact worse for me on Learner. How can you laud one and castigate the other, especially as Learner is paying the interest to himself, imagine if Bill was doing that.
davek
Player Valuation: £150m
I'm looking at what looks to be a man who's had a go in Randy Lerner. Time will tell whether he sinks Villa, or more likely sells them on when he gets a good opportunity. But the evidence we have so far is that the feller came into Villa and backed the footballing side of things > it didn't work out to the extent everyone there wanted > finances were in a mess from the point of view of borrowing from Lerner himself and something had to be done about it. There's nothing to suggest that he wont reorganise the business plan and have another tilt at making Villa work.
Compare that with Everton where we've had a board in place for 11 years and have given zero opportunity to their manager to crack into the top echelon of the game, and worse still are making him pay for their lack of dynamism and failed decisions by selling the players from underneath him.
That's why I make the distinction.
- Status