Let’s first just say that I’m the same as the rest of you fans and the media in general.
I just don’t know enough facts to make any 100% correct assumptions at all.
But there is one thing I do know and that is that the media are never happier than when they can create hysteria, simply because shocking news sells.
Hence I’m quite content in thinking that much of what we’re hearing/reading is no doubt rubbish.
But at the same time, there are seeming facts that we do know, which are giving fuel to the media’s fire.
First off, from what I’m seeing, Wyness was suspended because he was doing what he’s supposed to do as a diligent director, in trying to raise funds that meant Aston Villa would not be trading illegally when it knew it was insolvent.
There’s no way Xia could sack Wyness for this, as he’s done nothing wrong, simple to my mind.
And that’s why he’s been suspended pending an inquiry.
But, again from what I’m seeing, Wyness has taken advice, which would seem to have come from some administration company.
My total guess here, is that Wyness asked the administrator to put the “feelers” out.
Which would also explain why there are apparently 4 or more outfits looking at buying the club, albeit probably on the cheap.
You just don’t come out and say you want to buy a football club on a whim. It takes lots of diligence and time.
If that’s what’s happened, without proper consultation with Xia, I’d say that could be seen as undermining the owner, which is indeed a sackable offence and would also explain the suspension.
The main issue seems to have been that Xia has been pumping money into the Villa on a monthly basis, but this stopped because Xia was struggling to get money out of China.
I’ve seen that it stopped as recently as last month, which ain’t so bad.
But I’ve also seen reports that we’ve forward-sold, at a loss, any money that we’ve been due, including Vertout’s fee, as early as January.
If that’s true, that’s scarily bad.
Consider the word is that we’re trading at a deficit of £5-6 million a month and perhaps you get the idea of our predicament.
Which all in all, shows what a shocking decision Tony Xia has taken, in gambling the club’s future on a couple of seasons.
He may well have had blinding success at everything he’s done before now, but it would seem he’s come well unstuck here.
Except I’m not quite convinced this is the whole story, just yet.
There’s no doubt we have a cash-flow problem.
But it also seems Xia is insistent that he can sort things.
Just the same as I was concerned about when Xia was first announced as our new buyer and he partly convinced me when he supposedly deposited that massive cheque for £400 mill in a British bank (remember that?), so he might still be able to pull something out of a hat.
But that massive cheque doesn’t explain why he can’t put his hands on any money.
Securities, bonds and all that stuff are beyond me, I’m afraid.
Do you know what’s disappointed me most, out of all this?
I’m seeing Newcastle fans laughing at us, when it would seem we’re in serious danger of being wound up (not that I think this will happen for one minute).
Look, lads, we took the piss because you got relegated; that’s part of the banter.
Not because you might go bust.
There’s a bloody big difference.