Milan Mandaric’s bid turned down. Is this why?

The Birmingham Mail are saying that Milan Mandaric has had a bid for the club turned down, even though it met Xia’s financial demands and I’m again wondering why?

And then it turns out that Wyness isn’t suing for “wrongful dismissal”, but is accusing Xia of “tortious interference” instead;

https://villaleaks.com/avfc-tortious-interference/

No, I didn’t know what it was either, but put simply, it’s where an owner prevents an officer from complying with his legal obligations.

The article states that “the implication would be that he was prevented from seeking insolvency advice and / or investment for AVFC by Xia, despite his fiduciary responsibilities to do so.”

Which is pretty much what we thought.

The interesting or probably worrying part though, is the following;

“The further implication of this is twofold; that Xia cannot let the club go into administration nor can he sell the club.”

Now, I don’t quite understand this, as it seems to me that if Xia sells, there would probably be some sort of agreement to sort out the debts.
But it’s always possible that I’m missing something, in which case perhaps you can enlighten me?
Is it the fact that Xia is being sued that makes it impossible for him to sell?
I don’t know, but whoever is leaking this stuff seems to know what they’re talking about and it certainly fits with Xia’s statement that the club isn’t up for sale.

I’m not sure if I fancy Mandaric coming in. From memory it seems fans loathed him, but there’s no doubt he leaves clubs on a much better footing and if that’s what’s required, maybe he might be good for the club, if not us supporters.

Whatever, if this story is true, it’s all very worrying, as we might very well be stuck in total limbo.

88 Comments

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  1. Texas Johnny July 19, 2018 at 1:56 pm .

    To be clear, we’ve got till the end of the season to comply with FFP, right? So, we could wait until the summer to balance the books, or at the very least, January? So what we’re really worried about it seems is cash flow, and if we get that additional investment, that sorts that – and we keep our best players for half a season to bump us up the table? And everyone knows if you sell midway through the season, that you inflate the prices.

  2. Bill Pearson July 19, 2018 at 2:08 pm .

    Is this a lifeline?

    Aston Villa’s worst fears may be delayed after it was revealed that the AVFC board have entered discussions with a sole bidder. The bidder is still unknown, but The Birmingham Mail have revealed that it is a ‘Middle-Eastern’ group.

    It really is crunch time for Villa’s owner, Tony Xia, who has papered over the cracks at the club by securing a number of bank loans. Will the club be able to pay it’s latest tax bill and payroll? It remains unknown and it is clear that there is no room for Tony Xia to stall.

    The Mail report that ‘various degrees’ of ownership have been discussed and if the bid for Villa is accepted, we could still see a situation where Tony Xia is in charge of the club. In some ways, this may be a ‘best-case scenario’ and in others, it’s still bad news. Xia’s regime at Villa has been nothing but a failure and promotion to the Premier League would have only secured a few more seasons of massive financial mismanagement. Xia could have bought himself a second chance, or he could be booted from control. That remains to be seen.

    On a personal note, I’ve heard from around eight separate people in the past week who have told me that Villa will be ‘taken over’ on Thursday (today) or Friday (tomorrow), and this latest news falls in line with that. We’ll see.

    With the bid potentially stemming from a variety of places that could include Israel, Jordan, Qatar and Saudi Arabia, there is potential for this to be slightly problematic, and those of you who were upset that we jokingly asked Elon Musk for investment will no doubt stay silent on this occasion if Villa were to say, accept money from people employing the use of slave labour to build football stadiums. All-in-all, beggars cannot be choosers and our football club is now beholden to the highest bidder, no matter their background.

    Again, all we can do is wait and see – but this could be some good news for Villa fans.

    1. DSVilla July 19, 2018 at 3:09 pm .

      This news seems to be building fast Bill. I hope this is at least the beginning of the answer to our problems. If it’s concluded quickly it may mean holding onto our best players.

      UTV

  3. marvin July 19, 2018 at 3:45 pm .

    Credit to Prince William’s Middle East tour if it happens.

  4. Bill Pearson July 19, 2018 at 3:46 pm .

    Marvin my finger are crossed.

  5. Bill Pearson July 19, 2018 at 4:39 pm .

    An offer has been made
    Aston Villa’s cash crisis could soon be resolved as it can be revealed that a Middle East group have lodged a bid for control of the club.

    Owner Tony Xia has been discussing possible solutions with a number of interested parties and now has a preferred group on board.

    BirminghamLive understands that a group have come forward and are currently in talks with the embattled owner.

  6. Texas Johnny July 19, 2018 at 6:32 pm .

    Let’s hope it ends in them taking full control – can’t be much worse than right now.

  7. Hitchens60 July 19, 2018 at 7:34 pm .

    Whilst some sources are reporting that Xia is close to a deal which will lift the financial pressure on the club – I hope that means someone tells Levy to ‘do one’; the Birmingham Mail, by and large, continue to revel in Villa’s financial misfortunes.

    Blue nose click bait rag.

    Rant over!

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