Close sidebar

Aston Villa On The Verge Of Middle-Eastern Takeover [Report]

BIRMINGHAM, ENGLAND - OCTOBER 03: Crest detail of Aston Villa bench is seen prior to the Barclays Premier League match between Aston Villa and Stoke City at Villa Park on October 3, 2015 in Birmingham, United Kingdom. (Photo by Ben Hoskins/Getty Images)

Aston Villa’s financial problems could soon be at an end, with reports of a Middle Eastern takeover gathering momentum.

As per reports on Friday morning, Villa are in advanced negotiations over a deal which would see current owner Tony Xia agree to a full sale of the financially-struggling club.

Villa were plunged into financial crisis earlier this summer when it was revealed that they had been hit with a £4.2m tax bill, as well as reports that high-earners such as the now-departed John Terry were still owed outstanding wages as well as the need to seriously cut back to avoid being hit by Financial Fair Play rules.

Such are the money issues currently enshrouding the club that new signings are out of the question, with some of the more pessimistic sources claiming that even loan deals would be a tall order to get over the line under the current regime.

It has also led to the suggestion of player sales, though the club so far have remained steadfast and are holding out for acceptable offers for the likes of James Chester and Jack Grealish.

WALSALL, ENGLAND - JULY 17: Jack Grealish of Aston Villa during the pre-season friendly between Walsall and Aston Villa at the Banks' Stadium on July 17, 2018 in Walsall, England. (Photo by Malcolm Couzens/Getty Images)

Should the takeover be finalised, it remains to be seen how that would affect player sales (though the likelihood remains that Grealish would still go to Tottenham, albeit for a higher fee), while the future of manager Steve Bruce could also be up in the air with reports during the week suggesting that the new owners be looking at Arsenal legend and current Belgium assistant boss Thierry Henry to take the reins.

Xia purchased the club for £76m in 2016 with promotion his immediate aim, but failure to get back into the Premier League in the past two seasons has taken its toll on Villa’s finances, with the gamble backfiring to almost fatal effect.

Sign Up For The LOI Arena Newsletter

Read More About: , , , , ,

Author: The PA Team

This article was written by a member of The PA Team.