Eames Posted July 16, 2015 Share Posted July 16, 2015 I think Dalian Wanda were said to have lost about 7 Billion from their valuation. So I'm presuming that the owner lost quite a bit from his personal wealth too. Maybe if the stock market over there makes a quick recovery something might happen, but I'm not sure how these things work to be honest. I'd be stunned if any of the super rich folks involved in Dalian Wanda have their cash in their own stock. Thats like rule number 1 of being a massively rich bloke. Diversify you cash. Even 50 cent can get this right - he's filed for Chapter 11 Bankruptcy in the US simply to protect his assests. If your a mega rich chinese bloke looking to drop £150m on an English football club, a couple of billion off your companies value makes no difference at all and IMO wouldn't impact the sale. Hodgson talks an awful lot of bollocks IMO. 4 Link to comment Share on other sites More sharing options...
villan501 Posted July 16, 2015 Share Posted July 16, 2015 Can u just ask was the group in exclusivity the dalian wanda group. Link to comment Share on other sites More sharing options...
omariqy Posted July 16, 2015 Share Posted July 16, 2015 (edited) I think Dalian Wanda were said to have lost about 7 Billion from their valuation. So I'm presuming that the owner lost quite a bit from his personal wealth too. Maybe if the stock market over there makes a quick recovery something might happen, but I'm not sure how these things work to be honest. I'd be stunned if any of the super rich folks involved in Dalian Wanda have their cash in their own stock. Thats like rule number 1 of being a massively rich bloke. Diversify you cash. Even 50 cent can get this right - he's filed for Chapter 11 Bankruptcy in the US simply to protect his assests. If your a mega rich chinese bloke looking to drop £150m on an English football club, a couple of billion off your companies value makes no difference at all and IMO wouldn't impact the sale. Hodgson talks an awful lot of bollocks IMO. I don't want to risk any future deal being made but he isn't in this instance. It wasn't just one backer I believe. I'm pretty sure we would've seen some ex Villa people involved if it went through as well. Edited July 16, 2015 by omariqy Link to comment Share on other sites More sharing options...
Vive_La_Villa Posted July 16, 2015 Share Posted July 16, 2015 Omar cheers for posting that. Interesting to hear it's not totally dead in the water. I wonder who the main party was that got so close to buying us. Will we ever know? Link to comment Share on other sites More sharing options...
omariqy Posted July 16, 2015 Share Posted July 16, 2015 I would hazard a guess that they were from the US. It's a shame Howards didn't go through as imo it would be just what this club needed. Money, infrastructure, stability and Villa people involved. 1 Link to comment Share on other sites More sharing options...
Vive_La_Villa Posted July 16, 2015 Share Posted July 16, 2015 (edited) I would hazard a guess that they were from the US. It's a shame Howards didn't go through as imo it would be just what this club needed. Money, infrastructure, stability and Villa people involved. It's not totally over though is it? I don't know much about the market Crash but as we've seen with the U.S. these crashes are normally a massive over reaction and recover pretty sharpish. Parabolic at times! Edit: just looked at the charts and the market is already back to what it was in April. The rise between now and then was completely overbought.. It's not like it's been at all time highs for months and then we got a crash. The value they got wiped off only existed for around 3 months! Edited July 16, 2015 by Vive_La_Villa Link to comment Share on other sites More sharing options...
useless Posted July 16, 2015 Share Posted July 16, 2015 Hodgson said they're still talking, on the podcast. But then again wouldn't that be a breach of the NDAs that they're meant to have signed. Link to comment Share on other sites More sharing options...
ChrisVillan Posted July 16, 2015 Share Posted July 16, 2015 One of the backers lost a few $bn in the crash. That's going to smart. Link to comment Share on other sites More sharing options...
Vive_La_Villa Posted July 16, 2015 Share Posted July 16, 2015 One of the backers lost a few $bn in the crash. That's going to smart. A few $bn of value that didn't exist pre April. Link to comment Share on other sites More sharing options...
omariqy Posted July 16, 2015 Share Posted July 16, 2015 The other issue is the Chinese government not letting funds leave the country which I believe was the main issue. The crash just made it worse. But like you say the market is all over the place. Fingers crossed it goes through Link to comment Share on other sites More sharing options...
Vive_La_Villa Posted July 16, 2015 Share Posted July 16, 2015 The other issue is the Chinese government not letting funds leave the country which I believe was the main issue. The crash just made it worse. But like you say the market is all over the place. Fingers crossed it goes through Yes I'd suspect the government was the biggest stumbling block. The crash just seemed like crap timing. On the plus side it genuinely seems like Lerner is no longer to have any involvement with the club. I also liked the sound of Mervyn King as chairman. Link to comment Share on other sites More sharing options...
maqroll Posted July 16, 2015 Share Posted July 16, 2015 Hodgson is advisinga Chinese group, or the first group that pulled out? Link to comment Share on other sites More sharing options...
useless Posted July 16, 2015 Share Posted July 16, 2015 (edited) From what I could make out he was with the Chinese group (discussion about takeover starts at about the 10 minute mark.) The other group were apparently further along with process but he mentions that someone (can't remember the persons name*) told him that that deal was dead. * Listening back it sounds like he's saying someone called Noel Lynch told him. Lol just realised it's Merrill Lynch. Edited July 16, 2015 by useless Link to comment Share on other sites More sharing options...
Morley_crosses_to_Withe Posted July 16, 2015 Share Posted July 16, 2015 The other issue is the Chinese government not letting funds leave the country which I believe was the main issue. The crash just made it worse. But like you say the market is all over the place. Fingers crossed it goes through But what about the billions of Chinese money invested in US treasury bonds and the like? The Chinese government couldn't stop that money from being moved around. As I said earlier on in the thread - investors look for safe havens in the time of crisis (treasury bonds, foreign property or safe haven currencies) and even if the Goverment did intervene to stop an outflow of Yuan, I think a lot of investors would have reacted in advance to the intervention. The problem is that a PL football team is nothing like a safe haven. Link to comment Share on other sites More sharing options...
TrentVilla Posted July 16, 2015 Moderator Share Posted July 16, 2015 Well if it's just a case of the Chinese stock market recovering then it's a matter of time until we bought. If HH is of course not embelishing his story a little, for some media attention. No, he wouldn't do that. I honestly don't think he would actually. Link to comment Share on other sites More sharing options...
Jareth Posted July 16, 2015 Share Posted July 16, 2015 Well if it's just a case of the Chinese stock market recovering then it's a matter of time until we bought. If HH is of course not embelishing his story a little, for some media attention. No, he wouldn't do that. I honestly don't think he would actually. Soooo, it is just a matter of the chinese stock market rebalancing itself yer think? Link to comment Share on other sites More sharing options...
Neil Posted July 16, 2015 Share Posted July 16, 2015 We seem a bit more optimistic on this site of a Chinese market recovery than some other financial forecasters. Link to comment Share on other sites More sharing options...
Morley_crosses_to_Withe Posted July 16, 2015 Share Posted July 16, 2015 Well if it's just a case of the Chinese stock market recovering then it's a matter of time until we bought. If HH is of course not embelishing his story a little, for some media attention. No, he wouldn't do that. I honestly don't think he would actually. Soooo, it is just a matter of the chinese stock market rebalancing itself yer think? To what level? Link to comment Share on other sites More sharing options...
Jareth Posted July 16, 2015 Share Posted July 16, 2015 Well if it's just a case of the Chinese stock market recovering then it's a matter of time until we bought. If HH is of course not embelishing his story a little, for some media attention. No, he wouldn't do that. I honestly don't think he would actually. Soooo, it is just a matter of the chinese stock market rebalancing itself yer think? To what level? Ask HH Link to comment Share on other sites More sharing options...
Morley_crosses_to_Withe Posted July 16, 2015 Share Posted July 16, 2015 (edited) Oh sorry, you mentioned it rebalancing itself. So I wondered whether you mean to levels immediately prior to the crash, when the market was totally overvalued, or around the time the market really to surge in Dec/Jan? Edited July 16, 2015 by Morley_crosses_to_Withe Link to comment Share on other sites More sharing options...
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