Xia rejects second bid, why? And be careful what you wish for

I’m currently on holiday in Gran Canaria and cutting a long story short, can’t get any WiFi via the hotel.
Fortunately, thanks to 3 mobile’s excellent “Feel at home” benefit, I can get online via my phone.
Unfortunately, I’m rubbish at typing on a phone and find it really tedious, so forgive me for quite a bit of cutting and pasting, courtesy of the Birmingham Mail.

First, Xia apparently outright rejected a £30mill bid for 30% of the club, which on the face of it, is a decent proposal.

“Of course there were some proposals of their own.

One of those was to sell star performer Jack Grealish for no less than £40m – and use all of the incoming funds as operating capital”.

I’d guess that was because it just isn’t enough money.

Next, if the Mail are to be believed, he has now turned down a second offer for 51% of the club, although there’s no mention of how much money is involved.
I’d guess that either the valuation is too low or that the bid required Xia to pump some of his own money into the club, which he just can’t do.

The good news is that it seems both parties were willing to make heavy investments.
And there are still other interested parties.

I personally now wonder what Xia wants and I suspect it’s a total sale.

Hence I reckon we’re going to be looking at new owners and the “investor” part is a bit of a smokescreen.
Which might be a good thing, but we all know there are plenty of shysters out there.
Talking of which, Xia has been censured by the Shanghai stock exchange for claiming to have sold a company to someone.
Nowt wrong with that, but it seems that the “someone” was another of Xia’s own companies and that part wasn’t stated.
That’s tantamount to downright fraud and shows Xia in a really bad light.
It’s probably another example of how desperate Xia has become and puts the lid on the “not able to get money out of China” talk.
The story comes from a new site, Villaleaks.com.
I’d love to know who’s behind that.
Who has the agenda to want Xia in trouble and knows the right sort of places to look, I wonder?

I now sadly believe that regardless of the risk of selling to yet another owner we don’t know, Xia has to go.
The trouble is, we might get yet another totally opaque Chinese owner.

On a brighter note, it’s been a great World Cup up to now, hasn’t it?


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  1. nath
    nath July 7, 2018 at 6:42 am .

    well we finally get the letter or the word from the horses mouth. no need for fake news we are in trouble. but hey we all knew this in our hearts of hearts. i think we have to give the guy a chance, what i expect him to do, is what should have happened the day after we got relegated. sort our house out.

    i expect all players with wages higher than 20k 25k be the first to go depending on offers made obviously. that means the whole squad needs selling basically. its gonna be tough few years ahead, the kids will finally get their chances. they do have talent, they where not far behind last year, but one area they need to improve is their physicality, they will need to handle the bumps of championship football. its not impossible for them but will take time.

    for those that don’t think its a step up. should look at grealish and the amount of times he was man handled last season, how many times he took a clattering. every game he was targeted or singled out. its this part of the game our youth players will struggle adapting too. but if they are eased in this season, i have no doubts they will handled it.

  2. nath
    nath July 7, 2018 at 6:53 am .

    one part of the letter i found interesting, was the part were if we changed ownership. that this would reduce the ffp rules affect on us. does anybody know more about this.

    we owe fake news say 40mill which needs to be addressed this year, or we will be sanctioned accordingly. if dr sold shares to another chinese businessman, they took over ownership and drx was just a shareholder. would this reduce the amount or increase the time to address the amounts owed

    1. Hitchens60
      Hitchens60 July 7, 2018 at 7:21 am .

      Nath someone else raised this point sometime ago – I have no idea whether it’s true or not but on balance I doubt it – it might solve the cash flow issues but wouldn’t change the accumulated losses.

      Notwithstanding, I couldn’t see in the letter where he said change of ownership would help FFP but rather that player sales (trades) were the solution. But we all know this is going to happen as it responds both to FFP and cash flow problems.

      I thought the one honest admission is the inference that we will not be back in the Premiership in the short term.

      1. nath
        nath July 7, 2018 at 7:43 am .

        i read somewhere about the same happened at ac milan when they were in difficulties with ffp. if this has some truths maybe the drx should hand over the club,then his stakes and his investors will benefit more than if they remained in control.

        i agree the letter doesn’t tell us anything more than we already knew, we have to start a fresh this season. build again, but this time from the ground up. southampton done that when they fell to div 1 not long back. they came back stronger with a young fresher squad that played decent football.

        my one major concern is can bruce build a squad like that, he hasn’t done this before at any previous clubs. he has the youth team already there,it just needs the right guidance

        1. nath
          nath July 7, 2018 at 8:00 am .

          8. Selling any size of shareholding in the club will not aid in respect to FFP.”

          Technically, this is false. New ownership is accounted for in FFP calculations, with new owners allowed a chance to present plans to the EFL that showcase their roadmap with an end goal of meeting FFP. A new owner at Aston Villa, or a new majority shareholder will be given the chance to sidestep FFP as long as they are committed to righting the previous regime’s wrongs. AC Milan were given a chance to speak to UEFA about their FFP situation, but they ballsed it up – refused to meet the limits and instead chucked massive wage packets around.

          this was what i was reading this morning still under the influences of the night before lol but its still says we could sidetrack the punishment but ac milan ballsed it up

          1. Hitchens60
            Hitchens60 July 7, 2018 at 8:20 am .

            That’s very interesting Nath. Also reinforces my scepticism over the content of Xia’s letter. The more I read it, the more self serving it appears to be.

  3. nath
    nath July 7, 2018 at 8:30 am .

    another thing that came out was grealish isn’t being forced out, but wants to leave. this was another thing i predicted would happen. southgate won’t pick championship players and grealish has been told this. it doesn’t matter that we want him to stay. he is a player who will think himself first. he gave us one last year and now he wants to play football at the highest level, before his career ends.

    we fans have to accept this and hopefully the owner can get the correct price for him, but hes gonna need to grow some balls to haggle with levy. he cant show any weakness. if drx gets a great deal, we could clear the ffp with one sale.

    then we won’t have to sell other players like green davis etc. but we still would need to reduce the wages but we could replace some with cheaper waged players

    1. Sidforever
      Sidforever July 7, 2018 at 9:19 am .

      I am disappointed that papers seem to be linking Huth with us. I hope Bruce stops going for very old players. Use the loan system up and coming or good players who can’t get games.

      Based on Xia’s comments last night, now is the time for contract extensions for our promising U23 players. We have entered a period where any decent up and coming player will be sold to balance the books, whilst we grapple with FFP. Further, we have fallen down the food chain and are more prone to competitors taking our players. We must ensure that any quality coming through the system do not leave on the cheap. Generated funds and effective use of the loans system is the only realistic way we will be promoted to the premier. I really don’t see us being in a true position to challenge for promotion for at least 3 years.

      1. nath
        nath July 7, 2018 at 1:34 pm .

        huth was a good defender, but for me he has no pace and thats a liability for the whole team. its limits our tactics. we need to resign that man utd guy on loan and blood our own with maybe elphick staying as captain

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