Writer: J P Fear
Date:Wednesday January 7 2009
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.
Date:Wednesday January 7 2009
A Friday Villa Round Up (Friday March 7 2014)
Something For The Weekend (454) (Friday March 7 2014)
Petrov Team v Lions&Legends For Great Charity (Thursday March 6 2014)
N'Zogbia Not Expected Back This Season (Thursday March 6 2014)
AVFC Season Ticket Info (Thursday March 6 2014)
March 23 - Acorns Day (Wednesday March 5 2014)
Villa Season Ticket Holders Wanted For SCG (Wednesday March 5 2014)
The Villa Times - 05/03/2014 (Wednesday March 5 2014)
Vital Villa Man Of Match Villa v Norwich (Wednesday March 5 2014)
Lambert Keeps His Belief In The Players (Tuesday March 4 2014)
|2.||Pride of Lions||258|
|Aston Villa||0||-||2||West Ham|
|10. West Ham||28||8||7||13||-4||31|
|11. Aston Villa||28||8||7||13||-7||31|
|12. Hull City||28||8||6||14||-5||30|
|Playing Out of Position?
» Chelsea : 08/03/2014 11:27:00
|Keane Primed and Ready to go!
» Man Utd : 08/03/2014 11:21:00
|Wenger Confident Of World Cup Fitness For Jack
» Arsenal : 08/03/2014 11:17:00
|Away Games Don`t Matter?
» Fulham : 08/03/2014 11:08:00
|That David Moyes Letter?
» Man Utd : 08/03/2014 10:59:00
|Milan Interest in Torres!
» Chelsea : 08/03/2014 10:45:00
|Vidic to be pushed aside!
» Man Utd : 08/03/2014 10:34:00