Blues’s much delayed accounts are revealed HERE on the excellent Often Partisan blog (for them).
They show for the last season in the Premier league a loss of £10M, money from the kit deal being moved to other companies and major financial trouble. The accounts are so bad that the auditors are refusing to sign them off as they can not trust that they have all the full information.
That for accounts is as bad as you can get. No way can the Football League pass these accounts and lift the transfer embargo and with no manager, it can only get worse.
Now of course this is a Villa blog and it is easy to laugh at them. I have said before I would NEVER want them to go out of business but 12 months the smile was on their faces. So we all know bluenoses and the more sensible ones of them realise the best thing that could happen is for them to go into administration. This is where I want to ask questions of Villa fans.
If Villa were in the same position as Blues are now then I know EXACTLY what I would be saying. In the same situation I would have no problems in saying that the club HAS to go into administration and the owner was asset stripping it. We have seen the football authorities are useless at protecting clubs (ask Pompey fans) and it is up to the fans to force it.
Therefore if we were in exactly the same situation as Blues I would be calling for the fans to starve the club of money. Do not buy new Season Tickets, do not buy any new kits, do not SPEND a penny of money into the club. It is the only way that Blues can survive by going into administration as it protects the club from money draining of out it.
So whilst all seems rosey in the Villa garden at the moment, glance across the City and see what can happen as the authorities stand by and do nothing. Few of us really want them to go out of business because we all need local rivals to have banter about.