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Villa Fans Combined response to AVFC PLC annual results.
The Aston Villa board are leading the club down the road to ruin. The latest results are just the latest in a long line of pointers signalling the failure of their ability to be able to run a PLC or manage a premiership football club.
VFC (PRWEB) August 4, 2003
VFC say The board have proved that they are not capable of running Aston Villa in the modern era of football. Each season they take our team further away from competing with the top teams, dont have the popular mandate of either the fans or the shareholders, who have seen their initial investments fall by over 90%, yet in their arrogance remain in control of our club."
The current results should be a source of great shame as they have managed to increase last years 400 000 loss to a pre tax loss of 11.6million. Turnover also fell from 46.7million to 45.4 million and operating losses before player sales was at 13.5million, up from 9.6million in 2002.
Mr Ellis in his own statement conceded that they are finding the task difficult*, we want to see people on the board that are able to turn this situation around and give Mr OLeary the platform for success.
If we had posted those sorts of results, after finishing 16th last season on the pitch, we would be hanging our heads in shame, we wouldnt be taking a bonus and would be making every effort to encourage offers from people who can take this club forward.
We have a board that doesnt recognise the potential fan base and doesnt match the ambitions of the shareholders, fans, players or managers who have all focussed on the positives of Aston Villa and the need to build, whilst the board continue to pull in the opposite direction*, the situation simply cannot be allowed to continue.
A full VFC statement will be made next week with reference to the actions we intend to take after comprehensive meetings are undertaken with our contacts, advisers and lawyers.
*Quotes
Quote from Mr Ellis: The financial difficulties that I forecast in my previous reports regarding excessive playing costs has hit many clubs hard. Aston Villa continues to operate within its resources and this has made the challenge of competing regularly for honours, but remaining financially stable extremely difficult".
Quote from Mr Ansell: Nine players in the first-team squad come out of contract in July 2004, some of whom will not be replaced and some will be replaced with reduced amortisation and salary costs"
ENDS
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