Thread: Football Season 2018/2019
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Old 06-06-2018, 17:48   #4
adzii_nufc
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Re: Season 2018/2019

Hearing that Aston Villa are on the brink of administration and that their entire squad is now for sale. They've just resolved the clubs tax bill but are losing £5m a month after borrowing heavily on parachute payments that hadn't been paid yet.

https://www.bbc.co.uk/sport/football/44382488

What actually happened - Lerner was so desperate to get out he sold the club to a Chinese investor who knew fine well he couldn't actually invest due to the restrictions on overseas investments from China. Instead this was an absolute gamble to make a cool £100m profit. He thought he could gamble the clubs future against promotion and resell upon promotion and that's failed miserably.
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Last edited by adzii_nufc; 06-06-2018 at 17:54.
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