Aston Villa owner Dr. Tony Xia has moved to reassure fans after a difficult two weeks, on and off the pitch, which forced the club to suspend CEO Keith Wyness over a missed tax bill to HMRC.
The club is facing financial meltdown according to The Daily Mirror, having invested heavily in their squad in an unsuccessful attempt to win promotion back to the Premier League, after losing 1 – 0 in the play-off final last month.
With the club running a £5 – £6 million deficit each month currently, there were fears that Villa could face administration, or even a winding-up order, and they were given a week to pay a £4.2 million bill to HMRC.
However, the club has agreed to pay the bill, and has also announced that “there are no insolvency practitioners or administration advisors working with the club”.
Dr. Xia has sought to reassure fans saying “it has been a very difficult two weeks” and “I have tried my best to keep beloved AV move forward”.
Andy is an exiled English football fan living in Cyprus. He loves all sports but football is his abiding passion, and he still has dreams every now and then about scoring the winning goal in a Wembley Cup Final, even though his playing days are long gone. He follows most major leagues, across Europe at least, and has a favoured team in each. When he’s not watching, listening, reading or downloading podcasts about football, he spend his time worrying about his beloved Arsenal.