Jump to content
  • Sign in to follow this  

    Dr Tony Xia: 'Aston Villa not up for sale'

    Joe Jones

    Dr Tony Xia has stated that Aston Villa are not up for sale and that boss Steve Bruce retains his support amid their current financial problems.

    However, the Chinese businessman said the club must sell players to reduce costs after they missed out on promotion to the Premier League.

    Xia wants a cash injection, with Villa in need of £40m to comply with Financial Fair Play - they missed a £4m tax payment earlier this month and another is due at the end of the week.

    Documents on Companies House show Villa will allow shares to be sold and a restriction on their sale has been lifted.

    "For the avoidance of doubt, I remain a proud and committed owner of this football club and with that accept and embrace the responsibilities to the fans, players and staff," Xia said.

    "Of course, given the financial realities, it would be prudent of us to be open and receptive to any potential minority strategic investment that would aid our objectives to consolidate after a tumultuous summer and ultimately achieve our ambition of returning to the Premier League.

    "We will be very selective in any discussions to ensure that the club's best interests remain the focal point."

    Xia is acting chief executive at Villa after the dismissal of Keith Wyness, who is suing Villa for constructive dismissal.

    Villa are also due to meet with EFL chief executive Shaun Harvey soon with the league ready to offer what assistance it can.

    The future of Bruce has been widely debated since Villa's costly play-off defeat to Fulham, but Xia said: "I have had numerous conversations with Steve Bruce in recent weeks, which only reinforced how fortunate we are to have someone of his experience and standing in the game.

    "His leadership will be important for us on the field, as a club and as a community and I thank him for his loyalty."

    Share your thoughts on Football Manics by signing up for FREE to the website, visiting the forum and joining the conversation.

      Report Article

    Sign in to follow this  

    Are you a Football Manic? Visit our Community Forum

    Join us - Discuss - Write for us - Debate - Contact us

    User Feedback

    Recommended Comments

    There are no comments to display.

    Create an account or sign in to comment

    You need to be a member in order to leave a comment

    Create an account

    Sign up for a new account in our community. It's easy!

    Register a new account

    Sign in

    Already have an account? Sign in here.

    Sign In Now

About FM


Football Manics is an independent football fan site that aims to provide a platform for every football lover and supporter to discuss anything and everything about the beautiful game, regardless of which team they support.

Support FM

Enjoy the content FM offers? Want to help us grow? Please consider donating to our site, it will go a long way towards improving the content FM writes!


Meet the Team

CJ CJ Administrators
Cotton84 Cotton84 Administrators
ARLukomski ARLukomski Administrators
Aneesh Aneesh Media

Social Media


Important Information

Football Manics uses cookies to ensure you get the best experience on our website. To approve, simply continue using the site or click 'I accept'. Terms of Use.