Aston Villa owner Dr Tony Xia has offered an update to the supporters on the team’s ongoing financial crisis.
In a letter to supporters published on the Villans’ official website, he insisted that the club are not up for sale and boss Steve Bruce retains his support amid their current financial problems.
Open Letter from @Dr_TonyXia
— Aston Villa FC (@AVFCOfficial) July 6, 2018
And in a long statement on Friday, Xia admitted he is open to new investment and has turned down a number of offers.
“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.”
The future of Bruce has been widely debated, 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.”
“These qualities will be essential as we begin a new season with the fresh hope and expectation it inevitably brings.”
Jack Grealish is likely to be heading for the exit to raise funds although the club are yet to receive an acceptable offer for a player they were hoping to get over £30m for.
Jonathan Kodjia and James Chester could also leave as Villa cut costs.
Take a look at how the Villa supporters reacted to Xia’s letter on the next page.Like what the Fan Banter have on offer? Sign up for more notifications!
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