Owner Announces cutbacks

XIA ON ASTON VILLA'S FUTURE

31/05/18

The Aston Villa news continues - owner Tony Xia has released a statement through the club's website, hinting at cutbacks over the summer as the reality of an £11m drop in parachute payments bites the club.

Here's some of what he wrote: "We are all aware that we will face severe FFP challenges next season. I am an Aston Villa fan. But I am also a businessman.

"Under the current circumstances, I think the club needs to rethink not only the past two years but also the past ten years. Villa needs to be a sustainable football club.

"We have been heavily investing for the past two seasons. However, the loss on Saturday means that we need to change a lot of things."

They gambled on a quick return and lost. Could be in serious FFP position by end of the year unless they get rid of their high earners. Ole wasted our parachute payments and we would be in worse position had Warnock performed the miracle.