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Aston Villa’s new owners inject another £11million

By Matt Maher | Aston Villa | Published:

Villa’s new owners have pumped another £11million into the club to help cover the cost of their summer spending.

Villa Park

Documents filed at Companies House have confirmed the funding via the issuing of an additional 11 million shares, valued at £1 each.

The documents were filed last Thursday, a day before Christian Purslow was officially unveiled as the Villa’s new chief executive.

Purslow is also understood to have become a minority investor in the club, though at this stage the percentage of his stake is unclear.

He was appointed by executive chairman Nassef Sawiris, who together with fellow billionaire Wes Edens acquired a majority shareholding in Villa from former owner Tony Xia.

The duo’s arrival in late July prevented the club from entering administration and instead allowed them to embark on an ambitious summer transfer window, which saw them hold on to star man Jack Grealish despite interest from Premier League Tottenham.

Purslow has been drafted in take charge of the day-to-day running of the club.

The 54-year-old, who held the same role at Liverpool and was later managing director at Chelsea, has spent recent days meeting with senior club staff as he looks to plot a way forward.

Though the new owners resolved Villa’s immediate cash crisis, the club still has issues with regard to FFP which will be high on Purslow’s agenda.

Matt Maher

By Matt Maher
Football MMPJ - @mjmarr_star

Sports journalist for the Express & Star

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