Takeover Movement

As anybody who has bought a house will tell you, the completion of buying a major asset can take time, so imagine being the first Chinese man/company to ever buy an English football club outright. Patience is a virtue, even though preseason is mere weeks away.

While the Premier League’s fit and proper tests on Xia, Recon and all the various directors involved, ramble on, the story so far of Xia’s purchase of Aston Villa from Randy Lerner has been an interesting one.

While the potential scope of a Chinese takeover, as we’ve discussed in full on MOMS, has always been intriguing, the timing and random grandiose statements (i.e. “top three in the world”) have led to an understandable amount of caution from supporters.

Looking at the Companies House site this weekend there is both good news and also another alarm bell.

On Friday 3rd June the online version of Companies House published evidence of movement in the takeover process. The company listed on 12th May 2016 as Recon Sports Ltd, that the Villa deal is obviously being conducted through, saw Tony Xia (aka Jiantong Xia) registered as a director on 27 May 2016, along with Christopher Samuelson.

tony xia companies house

 

Both directors replace the director Alan John Frank Hitchins, who has relinquished his position, after obviously being in place to help set up Recon Sports Ltd, the branch of Recon in the UK to facilitate the Villa deal.

 

 

recon sports ltd companies house

 

While the financial press, including the Financial Times and Wall Street Journal, have been intrigued with the background and Chinese business interests of Tony Xia, what has largely gone unnoticed by the media is the names of those who have seemingly been instrumental in brokering the deal this side of the world.

Xia Helpers

Obviously, the buying and selling of football clubs is big business. In the same way football agents have played a bigger part in transfers due to the increase of money in the game, the buying of football clubs also attracts similiar opportunists to help broker deals.

MOMS has previously highlighted the involvement of ex-Everton CEO Keith Wyness and more interestingly, considering his background, Christopher Samuelson, and seeing the name Alan John Frank Hitchins on the Companies House records does raise an eyebrow.

 

alan john frank hitchinsThe official office address of Recon Sports Ltd is actually Gorrie Whitson Chartered Accountants in London, an address that Hitchins has registered for several of his previous companies over the years, including one called Vaxeal Ltd set up a month before Recon Sport Ltd was created.

Hitchins was a company director of Recon Sport Ltd for just 15 days.

hitchins recon director

Pompey Previous

Hitchins got the alarm bells ringing for Portsmouth fans three years ago, when he was part of a consortium interested in buying the club. Investigative blogs by Pompey fan Micah Hall certainly caused quite a stir – including this one about Hitchins –  from which Hall faced a defamation case, that was later dropped, as he became a pivotal figure in getting the truth out there and helping Portsmouth avoid liquidation.

As Hall’s blog shows (and Companies House backs-up), for someone who’s occupation is a veterinary surgeon, Hitchin sure does have a wide array of previous business interests, that don’t seem to end well.

Just Google him and the first thing that you’ll be greeted with is a website set up by a company who is owed £16.255 by a company called Bestfeeds UK, that Hitchins is a director of. There was even a county court judgment for the money, but Bestfeeds was struck off without filing any accounts

When you look at an email chain on the site regarding the chasing of the debt, another of Xia’s helpers crops up, the Swiss-based Christopher Samuelson.

 

chris samuelson

 

So there is a previous relationship there and it seems that Hitchins is working under/with Samuelson in terms of Recon and Villa.

Questions

Now, business is business and sometimes the reality is it’s not for the most angelic, but should we be concerned here?

This isn’t a case of looking for holes in the takeover, because not only has MOMS got better things to do, but like most Villa fans, we want the scenario to be: Chinese owner with ambition and big plans comes in and restores glory to Aston Villa football club.

I’m sure most Villa supporters will agree, we’d rather concentrate on football matters and not get caught up with any of the kind of drama that seems to follow some of these characters involved in the takeover, but the question has to be asked, why does Xia and the Recon group actually need these people to help through their deal?

UTV

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8 COMMENTS

  1. The people involved here are not the kind of folk I want to buy my football club. The only question to ask is why does this guy (and his somewhat dubious mates) want to buy the Villa?

    • Well, it’s a good opportunity to get a big club at a cheap price and if you navigate the promotion gamble ok, access to the serious TV revenue of the PL. Of course, if they want to make it a long-term concern, it will benefit everyone. Football is truly all about the business now, but there’s a way of running a happy and successful football club and business, hand-in-hand, which is hopefully what will happen.

  2. “I’m no expert but my guess would be that moving money from behind the “Bamboo Curtain” aint easy so there is a need to use middlemen”

    Its an HSBC account. HSBC Premier allows you to move money between their accounts in a couple dozen countries, I could be wrong but I bet they have presence in HK and, lets see, Shanghai perhaps (as its part of the name).

    So why would you need shady characters from Portsmouth’s past involved in a fucking bank transfer.

    • The initial money for the purchase has been in an escrow account in mainland Europe for at least a fortnight. So some of these associations seem unnecessary, in what should be a straight-forward purchase, bar agreeing the payment plan, tax concerns etc.

  3. “but the question has to be asked, why does Xia and the Recon group actually need these people to help through their deal?”

    I’m no expert but my guess would be that moving money from behind the “Bamboo Curtain” aint easy so there is a need to use middlemen

    • Apparently, Recon have transferred £50 mill to HSBC in Birmingham as part of the takeover. It would be fairly straightforward to do for a legitimate business man. Dodgy shysters like the ones mentioned above should have no involvement in takeover of this magnitude. After all, when Randy bought Villa from Doug, he employed proper international lawyers (Squire Patton Boggs). The lawyer (David Hull) was also involved when Fulham were taken over and also Sheffield Wednesday. Dr X might be legit but some of the people surrounding him are certainly a bit shady. Hope it all goes through OK and he has got the bundles of cash to spend on Villa that he has been alleged to.

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