Date: 8th June 2018 at 7:11pm
Written by:

With Aston Villa failing to secure promotion back to the Premier League with defeat to Fulham at Wembley in the Play-Off Final, I think most fans had heeded the words coming out of the club when it came to ramifications under Financial Fair Play.

We knew we’d have to cut our cloth but we were assured plans were already in place to see us through that should it become the outcome.

We all thought that process had naturally begun as we saw the departure of John Terry but what nobody expected was the cash flow issues and the stories that have subsequently broken on that front.

No contract for Alan Hutton as promised, a suspension for Keith Wyness, a winding up legal issue from HRMC over an unpaid tax bill and well, everyone knows everything else flying around the speculation circuit.

Whilst the immediate issue of the tax bill appears to have been rectified by agreement with HMRC and promises we have to keep our end, there’s also plenty of talk of proposed loans by Dr Tony Xia to give us operating money in the foreseeable future, so this issue is far from over.

There is also ongoing full takeover talk or the possibility of investors joining Xia to see us through this period in a calmer and more stable fashion.

I haven’t yet done a full sweep of anything new that’s come out today but a tweet (above) from Ian Taylor absolutely nails the thoughts of many.

Our one-time midfielder and club ambassador has always been the epitome of ‘support’ when speaking in any capacity – most certainly on social media – so the change in tone is stark to me and sadly, also very appropriate.

I’m not alone in that when you look at the reactions.

Confusion abounds. The first loan we heard of was a personal one via Xia to handle the tax issue. This second loan of a reported £50million has also been couched as ‘personal’ or potentially ‘business’ and some have tagged it to ‘new investment from others’.

The loan itself is also being called a red herring and wide of the mark!?

Nobody knows, but our ties to Recon are also subject to speculation, as is our position in the Recon empire, or are we owned by Xia as an individual now? Some are even wondering if he’s still involved with Recon based on reports they’ve found from China but there are obviously translation considerations.

The last week has just thrown up more questions than answers and a lot of us are none the wiser.

It’s certainly not pretty but the biggest worry is there seems to be no clarity with so many conflicting reports. All we know for sure is that the immediate threat has been ‘contained’, but whose to say we won’t find ourselves back here in a months time?

It’s going to be a longer than expected summer folks.

Click for the forum

4 Replies to “The Massive Gamble Didn’t Pay Off – Club Legend Calls For The Aston Villa Ship To Be Steadied…Somehow”

  • We need Bruce more then ever now. What manager would come now. Prior to this big bomb of the fact that our owner ain’t that rich. I was all for getting rid of Bruce. But currently we are looking as bad as Sunderland. A business that just eats money. Welcome to 21st century football. A reality where clubs could close based on cost versus expenditure. In short. Ellis left us healthy. Lerner relegated us and left us with crazy player wages and low player stock value. Idiot x bought a championship club and gambled. Lerner and x should be tried. Very scary times. Cause I keep convincing myself that avfc can’t close. But if we draining 5 mil a month, and increasing. Questions about sustainability will be asked soon.

  • Pathetic,Xia obviously took advice about promotion and somebody must have told him if you want immediate results,you need to empty your wallet,wonder who that was? At the end of the day,if you play with fire you get burnt, i would rather have stayed in the Championship longer and bring the youngsters through, instead of taking the risk and wasting bucket loads of money on so called experienced players, but they were never given the chance by a manager who prefers experience and he still failed.

Comments are closed.