It’s no secret that Aston Villa were in serious financial problems after they lost the 2018 playoff final to Fulham back in May. The club were in a position where going into administration was a serious possibility and if it wasn’t for the investment of Nassef Sawiris and his company, NSWE, the Villa wouldn’t be anywhere near where they are now.
Christian Purslow says #avfc have no ‘financial worries’, thanks to NSWE, and that the club are working off a ‘clean balance sheet’. Purslow also confirms Smith will be given funds in January to strengthen the squad.
— villareport (@villareport) October 15, 2018
Whilst The Villains avoided administration, it still looked to a lot of supporters like they’d struggle to sign players in the coming windows as it was reported that they’d need to sell some of their top players to meet FFP regulations. Over the summer transfer window, Jack Grealish and James Chester were linked with big money moves away to Tottenham Hotspur and Stoke City, although both moves eventually fell through.
So you can understand the fans questions as to how they’ve got a supposedly ‘clean balance sheet’ as the need to sell players were very clear just a few months ago. However, that’s in the past now and The Villa Park faithful can look forward to better times under the management of Dean Smith with the money of Sawiris keeping them going. A lot of fans are expecting positive things and a productive January transfer window would only bolster their already strong position.
You can read The Villains’ responses to Purslow’s financial comments here:
very interesting i'd love to know the details behind it all
— Alex Davis (@TheOriginal_Cat) October 15, 2018
@KieranMaguire Any idea how!?
— Rob Jones (@UpTheAstonVilla) October 15, 2018
Every penny spare needs to go on cb,lb and even gk
— sean kowalenko (@SeanKowalenko) October 15, 2018
Can it be fixed that easily @HodgsonHoward i no you no your stuff on this mate
— Adam #vtid (@adam1988avfc) October 15, 2018
Maybe this has something to do with the "statement of capital" documents which were uploaded to companies House on the 11th. #avfc
— Christopher Cheape (@C_Lioneye) October 16, 2018
Clean balance sheet . You believed the Doc, I’m not even shocked you are falling for it again haha
— Michael Jabbari (@mike1983jabbari) 15 October 2018
How they manage that then
— Andrew Clarke (@andywayneclarke) October 15, 2018
My guess is that they gave a plan that is self sufficient and with their wealth so we won't be far past FFP
— kristian middleton (@AV_krid) October 15, 2018
The Villa fans are sceptical over their club’s finances, although if they’re avoiding FFP and can sign new players then there will be little complaints from them over the coming seasons.Like what the TT have on offer? Sign up for more notifications!