Aston Villa owner Tony Xia opens up over club’s financial struggles

first_img Aston Villa owner Tony Xia Aston Villa owner Tony Xia has said he has tried his best to ‘keep the club moving forward’ as the cash-strapped Championship outfit deal with their mounting financial problems.Villa are facing a cash crisis following their failure to secure promotion back to the Premier League.READ MORE: Aston Villa insist they will NOT sell Jack Grealish on the cheap despite financial woesThe club’s owner and chairman said on the personal Twitter account: 2center_img It has been very difficult 2weeks as I hinted earlier I was almost heartbroken by something.Tried my best to keep beloved AV move forward. Thanks for all ppl standing together going through the difficult time. It was all supporters’ encouraging words to keep me/us stronger. #UTV— Dr. Tony Xia (@Dr_TonyXia) June 7, 2018 club’s financial problems came to light after losing the Championship play-off final to Fulham last month, together with the suspension of chief executive Keith Wyness amid reports he had fallen out with Dr Xia.Although they have resolved an immediate tax problem with Her Majesty’s Revenue and Customs, Villa still have to raise £40million to comply with Financial Fair Play rules.Villa’s best option of raising a quick lump sum of cash is selling 22-year-old local star Jack Grealish.But the club are refusing to be exploited by interested Premier League clubs and will hold firm on their £30million valuation on the talented youngster.Villa will resist selling Jack Grealish on the cheap this summerVilla have said an agreement has been reached with HM Revenue and Custom over the £4million tax bill.The agreement will allow the club to continue day-to-day operations.Villa have also announced on their website that there are no insolvency practitioners or administration advisors working with the club.A Villa statement read: “Owner and chairman Dr Tony Xia would like to take this opportunity to sincerely thank supporters during this difficult and unsettling time and reassure them plans are now being put in place to move the club forward.”last_img read more