Vital Football

Latest Aston Villa News

Villa Not Insolvent - Technically Or Any Other Way

Villa Not Insolvent - Technically Or Any Other Way

There was an article on the fourfourtwo site this morning 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? (

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.

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

Writer:J P Fear
Date:Wednesday January 7 2009
Time: 5:56PM


Most important part of that article is the link to Acorns...! Oh and you can play the little video as well, give me a dime if you do!
The Fear
07/01/2009 18:01:00
Need to be a bit careful here as a couple of statements in the article are off. 1) "And if we were in financial trouble" - nobody is saying Villa are in financial trouble, this is a "technical" thing, 2) "...the deep pockets of Randy" - totally irrelevant to the report, Randy's own value means nothing in relation to this.

I do find the figures slightly surprising, but the study was compiled by one of the leading organisations in their field in the world, and they would be very careful to ensure they didn't get any negative publicity out of it.
The Real Neil
07/01/2009 18:08:00
been very careful Neil, got my facts straight today, we aren't in any way near insolvency technically or otherwise.
The Fear
07/01/2009 18:11:00
Oh and the article is a worry to fans, it is suggesting financial problems and not being well run. Agree re: the report that the deep pockets don't show up but they are important for the fans piece of mind as a winner like RL would not buy the club and then allow it to run into trouble. Some of the clubs in their report above us are on the verge of disaster and as you know, two at least are ladened with their new owners debts.
The Fear
07/01/2009 18:13:00
True. But let's not forget Randy acquired £60million in debt, of sorts, when he raised the funds to acquire Villa. If he were to be run over by a bus tomorrow, would the club have to repay his family's trust that cash or not?
The Real Neil
07/01/2009 18:19:00
My understanding is there is no debt leveraged on the club Neil. Not that I'm in a position or should speculate on the inner workings of the Trusts etc. But I'd bet my house on that. Think I'll leave it at that sir!
The Fear
07/01/2009 18:22:00
What a load of Tosh. Manure should be much lower and Liverpool will possibly have to pay their first instalment on their loan next month. How do they come to these scores anyway????
07/01/2009 18:59:00
In this economic crisis, anything is possible. And i doubt the club would announce it even if they were. Lets just see what happens........
07/01/2009 19:08:00
I agree that a reputable company couldnt publish figures that they have plucked out of thin air but as the Americans mortgaged Anfield to buy Liverpool who are now saddled with massive debt so something doesnt add up. Funnily enough though I was talking the other day about or seemingly endless pot of money and where its actually all coming from. Transfer fees are higher and you can bet our wage bill has increased once again so the extra TV revenue will be minimal when those two figures are taken in to account. A big hinderence for us is that we only sell out 50% of games at home and we'll never have the full backing of fans to increase the capacity to compete financially with Man U or Arsenal who rake it on on gate receipts and obviously their worldwide brand.
07/01/2009 19:16:00
All of our money has come from RL and is more than likely loaned ot the club at a very low APR, but not as low as the rate RL has obtained when borrowing the money. RL own MBNA, which is a bank and thus has the ability to loan money to him for probably next to nothing. That is how RL will make his money from Villa so that he can recoup his investment without taking money from the club. If RL walked away tomorrow and an uber rich investor came in we would struggle to operate. We certainly would not have any money to purchase players. I doubt RL will and that is why we are only technically insolvent, in the same way that Chelsea, Man Yoo, Liverpool and Man City are.
07/01/2009 19:52:00
Page 1/2
  1. 1
  2. 2

Login to post a comment

Recent Aston Villa Articles

Gollini Gets A Bit Blue

Goalkeeper Pierluigi Gollini has insisted the players are under no illusions when it comes to what this weekend's match against Birmingham City means to the fans.

Match Day Officials v Birmingham (30/10/16)

The Football League have now announced the Match Day officials that will take charge of the game against Birmingham City this Sunday.

Neilson Not A Willing Souttar

Heart of Midlothian boss Robbie Neilson has issued a hands off warning to Aston Villa following speculation that we are preparing an offer for defender John Souttar.

Fans Held Back This Sunday

West Midlands Police have released a statement ahead of this Sunday's derby clash against Birmingham City and confirmed that travelling Villans will be held in...

Archived Vital Villa Articles

Vital Villa articles from

Site Journalists

J P Fear
Editor email
Mike Field
Editor email
Steve Wade
no email
no email
Turkish Penguin
no email
no email
Chris Heath
no email
M Calucar
no email
JuanPablo Angel
no email

Current Poll (see more polls)

Will Villa get promoted?
Suggested By: J P Fear
Yes, automatically24%
Yes, through play offs41%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Newcastle 14 10 1 3 31 19
2 Brighton 14 8 4 2 28 9
3 Huddersfield 14 9 1 4 28 4
4 Norwich 14 8 3 3 27 7
5 Sheff Wed 14 7 3 4 24 1
6 Bristol City 14 7 2 5 23 6
7 Birmingham 14 6 5 3 23 3
8 Reading 14 6 4 4 22 -3
9 Preston 14 6 2 6 20 1
10 Leeds Utd 14 6 2 6 20 -1
11 Brentford 14 5 4 5 19 5
12 Barnsley 14 6 1 7 19 3
13 Q.P.R. 14 5 4 5 19 -3
14 Fulham 14 4 6 4 18 -2
15 Burton 14 4 5 5 17 0
16 Aston Villa 14 3 8 3 17 0
17 Ipswich 14 4 5 5 17 -2
18 Wolves 14 4 4 6 16 -1
19 Forest 14 4 3 7 15 -3
20 Cardiff 14 4 3 7 15 -9
21 Derby County 14 3 5 6 14 -4
22 Blackburn 14 3 3 8 12 -8
23 Wigan 14 2 5 7 11 -3
24 Rotherham 14 1 3 10 6 -19
Vital Football Comment
Latest F1 News
F1 Prediction Competition open for round 19
Latest Vital Boxing News
Eggington Stops Gavin in Eight Rounds
Write for Vital Football

Recent Aston Villa Results (view all)

Aston Villa Fixtures (view all)

Oct 30 2016 12:00PM : Birmingham City (a)
Sky Bet Championship
Nov 5 2016 3:00PM : Blackburn Rovers (H)
Sky Bet Championship
Nov 18 2016 7:45PM : Brighton & Hove Albion (a)
Sky Bet Championship
Nov 26 2016 3:00PM : Cardiff City (H)
Sky Bet Championship
Dec 3 2016 5:30PM : Leeds United (a)
Sky Bet Championship
Dec 10 2016 3:00PM : Wigan Athletic (H)
Sky Bet Championship

Vital Members League Table

1.The Fear587
9.Stephen Jay Hawkings152
The Vital Football Members League