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Takeover Talk


avstu

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7 hours ago, JustRich said:

I don't understand how we are still supposedly hemorrhaging money? 

Neither do I, its 8 years since MON walked and the cost cutting began.

There is a website called transfer market, take a look at it, find our page and click on all transfers, it takes you back decades listing all the ins and outs and what they were bought or sold for. Our net spend on transfers since MON walked is about £50million....a little over £6 million a year, a sum often surpassed in the 1990s since when revenues have gone through the roof.

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On 7/4/2018 at 6:35 PM, avstu said:

We would still be in the Premiership if Ellis was in charge.

100%. Now there was an owner who cared. If only he was as rich as an oil sheikh eh, imagine where we'd be

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On 7/6/2018 at 10:54 AM, JustRich said:

100%. Now there was an owner who cared. If only he was as rich as an oil sheikh eh, imagine where we'd be

Better the devil you know eh?

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"Winning isn't everything, but it beats anything that comes in second." - Paul Bryant

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Milan Manderic has apparently made an offer for the club.

Xia has once again turned it down. 

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"Winning isn't everything, but it beats anything that comes in second." - Paul Bryant

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Billionaires ride in to rescue Aston Villa

 

Investors raise promotion hopes after buying 55 per cent stake in the club

 

 

England’s World Cup defeat by Croatia 11 days ago may have resulted in national disappointment, but for Aston Villa supporters it could prove to have been one of the most pivotal events in the club’s history, given what was unfolding in an Idaho hotel room as the semi-final took place.

 

Sequestered there while attending the annual Sun Valley “moguls” conference were billionaire friends Nassef Sawiris and Wes Edens. By the end of the evening and despite the anti-climax of seeing the team they were supporting lose, the pair had hatched a plan to buy Villa.

 

Nine days later, the pair had each bought 27.5% of the Championship club from Tony Xia, for a controlling interest in a venture he had mortgaged to the hilt in a gamble to win promotion, only for the team to fall short in the playoff final against Fulham in May.

 

Given the Midlands club’s current debt, the pair were able to wrestle the 55% controlling interest for £30m although if the new owners are to fulfil the ambition of Xia, they are looking at bankrolling manager Steve Bruce with a considerably larger sum.

 

“They obviously have deep pockets,” said a source close to the deal. “They spoke about ‘the upper echelons of English football’ so they are not going into this to stay in the Championship.

 

“They are genuine football fans. Nassef, in particular, is a pretty private guy for a man of his wealth. He is not doing this because he is a brash guy who wants to splash the cash. He’s doing it primarily for his love of the game and that applies to both of them.”

 

If the speed and efficient nature of their takeover is anything to go by, Villa supporters could be in for a spectacular ride. Within three days of the Croatia game, Sawiris, a London-based Egyptian businessman worth an estimated £5.2bn, and Edens had relocated to the Hilton on Edgware Road for meetings. By last Monday, talks with Xia concluded at Sopwell House in St Albans, where a deal was finalised.

 

The purchase marks the fulfilment of the billionaires’ long-standing interest in the sport. Edens, a co-owner in NBA team the Milwaukee Bucks, had attended every World Cup since USA 1994 until this summer and spoke to the former England captain David Beckham about becoming involved in his Miami MLS franchise, while Sawiris’ array of business interests includes a board position at Adidas.

 

The pair would not be the first successful businessmen to flounder in football — as Xia will testify after a summer in which playoff defeat was followed by an unpaid £4m tax bill and concerns about Villa’s inability to meet the Football League’s financial fair play regulations concerning “profitability and sustainability”.

 

The situation led to an acceptance that any saleable assets — particularly the creative midfielder Jack Grealish, aged 22 — would be liable to being sold and drove Xia to look for fresh investment.

 

The crisis also created uncertainty over the status of veteran manager Bruce and he, as well as the club’s immediate financial obligations and transfer policy, will be widely examined by the new owners when they convene with Xia at Villa Park, possibly as early as tomorrow. Villa open the Championship season with a tricky trip to Hull City on Monday, August 6.

 

Short-term, sources talk of “stabilising” the club’s finances while the duo are bullish about the need to find a way to not only bring in new blood but also keep players such as Grealish.

 

Longer-term, they have spoken of investing heavily in youth development and competing for honours, while Villa fans can expect a more “traditional” approach from the reserved Sawiris. Xia’s eccentric social media antics could be a thing of the past.

 

Indeed, whether Xia has a long-term role remains to be seen. With Sawiris “executive chairman” and Edens “co-chairman,” Xia remains on the board, for now, with his minority interest.

 

There is, therefore, a large element of the unknown facing Villa but, if the success Edens has enjoyed in running the Bucks over the past four years is anything to go by, the signs are good. Not only has the basketball team’s value nearly doubled to just over a billion dollars but the club recently re-signed star player Giannis Antetokounmpo to a four-year, £76.1m contract worth £366,000 a week. Bruce and Villa fans dare only dream of such a future.

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"Winning isn't everything, but it beats anything that comes in second." - Paul Bryant

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Sounds incredibly encouraging!

Seems like they are two sensible guys and there will be no silly promises of Champions League in 5 years or social media antics.

Keeping hold of Grealish would really lay down a marker you feel. 

"This is not possible. What McGrath is doing is just not possible with the amount of preparation that he's had."

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3 hours ago, avstu said:

Billionaires ride in to rescue Aston Villa

22/07/2018 : I see that article is from The Times, Stu, so thanks for posting it in full (thereby evading Murdoch's paywall). thumbsup.png

AVFC RFC SAFC

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