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TheCountOfNowhere

The Aston Villa price crash

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https://www.birminghammail.co.uk/sport/football/football-news/tony-xia-china-aston-villa-14749006

 

A tenuous link to house prices you might think, until you read the bit about:

 

"China's policymakers have clamped down on capital flows leaving the country in recent years.

Chinese citizens are not free, as British citizens are, to spend their money as they see fit and the State Administration of Foreign Exchange (SAFE) polices this spending closely."

"In recent years, the SAFE has clamped down on spending outside of China, meaning wealthy people can spend as little as five per cent of their investment outside the country."

 

1st Villa...then London pwopatee

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3 hours ago, TheCountOfNowhere said:

https://www.birminghammail.co.uk/sport/football/football-news/tony-xia-china-aston-villa-14749006

 

A tenuous link to house prices you might think, until you read the bit about:

 

"China's policymakers have clamped down on capital flows leaving the country in recent years.

Chinese citizens are not free, as British citizens are, to spend their money as they see fit and the State Administration of Foreign Exchange (SAFE) polices this spending closely."

"In recent years, the SAFE has clamped down on spending outside of China, meaning wealthy people can spend as little as five per cent of their investment outside the country."

 

1st Villa...then London pwopatee

Villa sound like they're totally screwed. Sad to see a once great club in deep trouble, even as a West Brom fan! 

This does seem to be the tip of the iceberg. I reckon there is a lot of money of dubious origin invested in football at the moment... Can't quite put my finger on how but I'm sure some of it ends up invested in property of some sort.

Why have so many foreign billionaires wanted to invest in British football clubs? I guess that owning one of the big clubs (Liverpool, Man Utd etc) might carry a certain prestige.

In a recession, people will cut back on Sky Sports etc (ultimately where a lot of the money comes from), so it's hard to see the financial side of things improving for football clubs anytime soon!

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4 hours ago, TheCountOfNowhere said:

https://www.birminghammail.co.uk/sport/football/football-news/tony-xia-china-aston-villa-14749006

 

A tenuous link to house prices you might think, until you read the bit about:

 

"China's policymakers have clamped down on capital flows leaving the country in recent years.

Chinese citizens are not free, as British citizens are, to spend their money as they see fit and the State Administration of Foreign Exchange (SAFE) polices this spending closely."

"In recent years, the SAFE has clamped down on spending outside of China, meaning wealthy people can spend as little as five per cent of their investment outside the country."

 

1st Villa...then London pwopatee

The real reason for price slowdowns.  brexit does not explain why nearly all the super prime global cities are starting to slow down at the same time(ish).

The credit taps are full on but they just cannot find folks as rich and crazy as these Chinese money launderers investors.

Edited by Fromage Frais

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  • 331 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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