moral hazard

so what if they go into admin? They clear debts, avoid some tax, take a 10 point penalty and start again. New banks will lend, new suppliers will work with them.

It'll be a short term blip for them, and in a few years they'll most likely be in roughly the same place they would have been had they not taken the gamble.

They gambled and lost, and it will be painful, sure. But until the pain of losing outweighs the potential gains of £160m+++ they will not be the last to try it.

And it's us mugs that subsidise it all through HMRC being shafted, and suppliers/banks/insurers recouping their losses through increasing costs on everyone else.

Posted By: CWC on June 6th 2018 at 12:41:41

Message Thread

Villa in deep dodo .. (Other Football) - colincanary, Jun 6, 12:10:33
- Lol (n/m) (Other Football) - Jumbo1, Jun 6, 19:19:56
- dodo's are extinct. .. (n/m) (Other Football) - protheroe fitzgibbon, Jun 6, 15:27:53
  - Villa may be soon (n/m) (Other Football) - colincanary, Jun 6, 16:56:20
- It appears he was subsidising operating losses to the tune of £5m-6m per month (Other Football) - Jim, Jun 6, 14:34:31
  - How did he earn his fortune? (n/m) (Other Football) - Jumbo1, Jun 6, 20:16:33
  - *Bang average klaxon* *Bang average klaxon* (n/m) (Other Football) - Tricky Hawes, Jun 6, 15:10:31
    - I made this years ago, still getting good use out of it... (Other Football) - bird table, Jun 6, 15:59:28
    - are there degrees of averageness maybe? (Other Football) - Tombs, Jun 6, 15:57:40
      - Ha. You need 'distinctly average' in there (Other Football) - Tricky Hawes, Jun 6, 17:23:53
- Aston Casino Villa (Other Football) - essexcanaryOTBC, Jun 6, 14:27:00
- I'm not in the least bit surprised (Other Football) - maidstoneyellow, Jun 6, 13:38:11
- Will we get an odd no of games or will they promote Shrewsbury in their place? (n/m) (Other Football) - Dracula, Jun 6, 12:42:53
  - we have to play ipswich three times. tally ho. (n/m) (Other Football) - Tombs, Jun 6, 13:47:38
    - surely someone will object (Other Football) - ghostof barry butler, Jun 6, 14:23:31
- May help a more realistic view on here given we are not that dissimilar (n/m) (Other Football) - Saucerer, Jun 6, 12:21:11
  - You'd hope that it would lead to a more realistic view from (Other Football) - Chopper, Jun 6, 13:04:37
    - I don’t think this is about the nationality of the owner (Other Football) - camcan, Jun 6, 14:03:29
      - Haven't learnt from that lesson many years ago though now? (n/m) (Other Football) - essexcanaryOTBC, Jun 6, 14:28:20
        
        I don’t know - we seem to be quite smug about having made cost cuts last summer (Other Football) - camcan, Jun 6, 14:58:21
    - Hi Delia (n/m) (Other Football) - SCC 28, Jun 6, 13:24:01
      - or Michael...... or even tom perhaps. (n/m) (Other Football) - Men without hats, Jun 6, 15:04:08
        
        or Delia's mum (n/m) (Other Football) - essexcanaryOTBC, Jun 6, 15:05:10
  - The old case of putting your eggs one basket really. (n/m) (Other Football) - DrDublin, Jun 6, 12:21:39
    - *in (n/m) (Other Football) - DrDublin, Jun 6, 12:23:01
      - Or to use a Wrath metaphor: They lumped on and lost. (n/m) (Other Football) - DrDublin, Jun 6, 12:23:20
        
        Their head’s fallen off (n/m) (Other Football) - colincanary, Jun 6, 13:08:18
        
        Done a smell up their own USBs (n/m) (Other Football) - bird table, Jun 6, 13:12:13
        
        moral hazard (Other Football) - CWC, Jun 6, 12:41:41
        
        Does he play for Belgium too? (n/m) (Other Football) - essexcanaryOTBC, Jun 6, 14:28:52
        
        ^^^ Bang On ^^^^ (Other Football) - megson, Jun 6, 13:24:41
        
        Agreed. (n/m) (Other Football) - Jim, Jun 6, 12:57:40
        
        Seems to make a mockery of FA due diligence requirements. (n/m) (Other Football) - DrDublin, Jun 6, 12:47:42
        
        Indeed - and a billionaire owner isn’t much help when their cash is tied up in China (Other Football) - SimonOTBC, Jun 6, 12:32:55
        
        All about the doo diligence intut. Xia always looked a bit flaky/a nutter (Other Football) - Jim, Jun 6, 12:56:50
        
        What the very rich do - hide assets around the world! (n/m) (Other Football) - DrDublin, Jun 6, 12:49:17
- Some interesting reading on their board, much anger.... (Other Football) - DrDublin, Jun 6, 12:14:36
  - someone actually wrote this... (Other Football) - Tombs, Jun 6, 12:55:01
    - I love Ipswich more than I love my wife. (Other Football) - tudders, Jun 6, 15:33:37
    - And your point is? (Other Football) - mike_the_sphinx, Jun 6, 14:22:27
    - Hardcore (n/m) (Other Football) - SCC 28, Jun 6, 13:40:41
    - Prince Wills obvs (n/m) (Other Football) - Dracula, Jun 6, 13:16:17
      - David Cameron Shirley. Drove off and left his daughter in the pub iirc (n/m) (Other Football) - Higher Wrather, Jun 6, 13:56:19
        
        Big Villa fan is Dave. He loves going to Turf Moor to cheer on those Hammers! (n/m) (Other Football) - bird table, Jun 6, 15:05:36
        
        Also known as (Other Football) - essexcanaryOTBC, Jun 6, 15:25:40
    - Not a happy family life I'm guessing! (n/m) (Other Football) - DrDublin, Jun 6, 13:13:51
      - bad choice either way (Other Football) - Tombs, Jun 6, 13:46:50
    - Ha. Shocking lack of perspective. (n/m) (Other Football) - Pixelman, Jun 6, 13:09:04

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