Aston Villa’s Keith Wyness has played down any concerns over the club’s financial position.
Aston Villa’s Keith Wyness
Aston Villa’s Keith Wyness has told the Birmingham Mail that the there is no financial concern at Villa Park despite heavy spending this season.
Villa saw Tony Xia take control of the club last year, and with the club looking to bounce back to the Premier League after relegation, Xia oversaw major spending.
Xia not only brought in Roberto Di Matteo as the club’s new manager, but also oversaw the signings of Pierluigi Gollini, Ritchie De Laet, Tommy Elphick, James Chester, Mile Jedinak, Aaron Tshibola, Albert Adomah, Jonathan Kodjia and Ross McCormack.
By November, Di Matteo had been sacked and Steve Bruce was brought in as his replacement, with Xia backing his new manager with even more new signings during the January transfer window.
Henri Lansbury, James Bree, Birkir Bjarnason, Conor Hourihane, Neil Taylor, Scott Hogan and Jacob Bedeau all arrived on permanent deals, whilst goalkeeper Sam Johnstone joined on loan from Manchester United.
Transfermarkt now claim that Villa’s total outlay on new signings this season is almost £70million, by far the most of any Championship club – and yet Villa lie in the bottom half of the Championship table.
Villa did, allegedly, make almost £40million back in sales of players like Idrissa Gueye, Adama Traore, Rudy Gestede, Ciaran Clark and Jordan Ayew, and Villa chief executive Keith Wyness has now clarified the club’s financial position.
Aston Villa owner Tony Xia
Wyness has told the Birmingham Mail that there is ‘no cause or concern’ at Villa Park despite Xia’s spending, and whilst he noted that the reduction of parachute payments is an issue for the future, Villa will be planning to make sure the club are financially stable thanks to Xia’s funding.
“There is no cause for concern, since we bought the club, we have reduced the actual indebtedness in terms of any overdraft,” said Wyness. “Also, Tony is funding the growth at the moment himself, so the club has probably never been in a better financial shape than it is right now.”
“We are always going to be seeing the issues of the parachute payments getting reduced in the years to come, but that is something we are very aware of and we are planning forth to go forward,” he added.
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