UK time is: 21:08:41
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Villa Not Insolvent - Technically Or Any Other Way

There was an article on the fourfourtwo site this morning www.fourfourtwo.com questionning whether Villa, amongst others, were technically insolvent or not.

Usually I'd have done an article without getting the facts straight but this time I've been far more sensible and suprisingly for me, pro-active! There is a thread in our forum Is Aston Villa Insolvent?? >> Click Here (adult language) where the posts mostly rubbish the report, quite rightly!

I've spoken to sources at the club (hark at her) today and to be fair was told that the club can't comment on total rubbish and this is total rubbish.

Villa is nowhere near insolvent, either technically or otherwise

It seems strange in this list you have some clubs who are so obviously on the rocks and needing to sell, as well as some piled sky high with debt, so much so that the fans have protested against their new owners, and yet you get a great club with a great owner like Randy Lerner who has brought NO debt at all to us, and they come out with this to worry fans.

A loose definition of being insolvent is not being able to meet your liabilities or having negative equity. We don't have negative equity as can be seen in the company accounts which are on public record. May 07 we had net assets of 35.1m and from what I can gather they'll have risen, not dropped for the 2008 accounts. We are also more than able to meet all liabilities, what do the people who make these lists up think is done with the tv money for a start, let alone the deep pockets of Randy? And if we were in financial trouble, do they really think we'd give away free sponsorship to the charity hospice Acorns? (www.acorns.org.uk/astonvilla)

To re-assure I've spoken with an accountant also today, he pointed out, exactly the same as all other companies, accounts have to be approved by auditors.

Villa are in fine shape, in good hands and on the march upwards.





Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The Journalist

Writer: J P Fear Mail feedback, articles or suggestions

Date:Wednesday January 7 2009

Time: 5:56PM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Aston Villa Articles

Stats: Arsenal v Aston Villa (Sunday February 1 2015)

2021 (Friday January 30 2015)

Something For The Weekend (480) (Friday January 30 2015)

Drennan Departs Aston Villa (Friday January 30 2015)

Grealish, Alli, Arsenal & Chelsea (Friday January 30 2015)

Sinclair Signs Season Long Loan Deal (Friday January 30 2015)

Archived Aston Villa Articles

List All Vital Villa Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

League Table (view table)

Team P W D L GD Pts
13. Crystal Palace 23 5 8 10 -9 23
14. Sunderland 23 4 11 8 -12 23
15. WBA 23 5 7 11 -12 22
16. Aston Villa 23 5 7 11 -19 22
17. Burnley 23 4 8 11 -17 20
18. Hull City 23 4 7 12 -13 19
19. Q.P.R. 23 5 4 14 -18 19

Breaking League News

Poor Start Cost Us - Pulis
WBA : 01/02/2015 21:01:00
Fonte - We Wasted Too Many Chances
Southampton : 01/02/2015 20:44:00
One Of Those Days For Koeman
Southampton : 01/02/2015 20:39:00
Carver Credits Players After Hull Win
Newcastle : 01/02/2015 20:30:00
Cabella Delighted With Maiden Newcastle Goal
Newcastle : 01/02/2015 20:22:00

Current Site Poll (view all polls)

Arsenal (cough) MotM
Suggested By:  MF - We Go Again
Guzan 4%
Hutton 2%
Okore 0%
Clark 6%
Richardson 0%
Cleverley 0%
Delph 2%
Sanchez 4%
Gil 76%
Benteke 0%
Weimann 0%
Sub - Agbonlahor 2%
Sub - Sinclair 0%
Sub - Westwood 4%