The Villa chairman says the board are working to ensure that the club are in the best possible position to bounce back to the Premier League.
Aston Villa chairman Steve Hollis has promised that the board are doing everything that they can to put the club in the best possible position to bounce back to the Premier League after relegation, a quoted by the Birmingham Mail.
Villa are doomed to relegation to the Championship for the first time in nearly three decades after a dismal season which has seen them win just three times from 30 Premier League games.
With the drop having appeared inevitable for some time, the club are undertaking a total overhaul off the field and in the boardroom ahead of a likely repeat in the transfer market this summer.
That began with Hollis coming in as chairman in January, and has been followed by the appointments of Mervyn King, David Bernstein and club legend Brian Little as directors.
Hollis was not prepared to openly admit that the club are resigned to relegation, but insisted that, if it is the Championship where they are playing their football next year, the boardroom changes have already set them up with a far greater chance of success in the second tier.
He said, as quoted by the Birmingham Mail: "The plan is whatever division we are in next year we will have a much better decision-making machine. If we are in the Championship we will certainly have the best balance sheet and be one of the biggest clubs. We will use the opportunity to rebuild and we will have the best opportunity to bounce back.
"If we manage to stay in the Premier League there is a plan to address the issues so that we don’t go through another round of battling at the bottom.
"Whatever happens to this place, we have both the financials covered and we’re building the business plans and strategies."
It will certainly be a culture shock for Villa to find themselves in the second tier of English football, having been an ever-present in the Premier League since its formation in 1992.
The club's supporters will feel like progress has been made off the field in recent weeks, particularly with the departure of unpopular CEO Fox, but they will still be bracing themselves for a turbulent summer in the transfer market as the new-look board attempt to rebuild.