Aston Villa told they are compliant with EFL financial rules
Fears newly-promoted Villa might face a points deduction appear over after the EFL informed the club they are not set to breach any financial rules.
Chief executive Christian Purslow claims the league has notified Villa their 2018-19 accounts will be compliant with profit and sustainability (P&S) regulations, subject to a final audit.
The news should ease any lingering concerns among supporters, with Villa’s position with regard to P&S - which limits the money a club can lose each season - the subject of frequent speculation over the last 12 months.
Second City rivals Blues were docked nine points for spending beyond the limits 12 months ago.
Reports in the national press had claimed Villa might be at risk of a similar punishment, despite winning promotion to the Premier League last month, were they found to be in breach.
Yet Purslow, who was appointed by owners Nassef Sawiris and Wes Edens last September, has always maintained the club would be compliant with the rules.
And the CEO informed a meeting of the club’s fan consultation group Villa have now been notified by the EFL that is the indeed case.
Villa were permitted losses totalling £39million for the three seasons including the 2018-19 campaign.
Promotion, which was secured through the play-offs, means they are now in line for a £170million Premier League windfall which will ease the P&S burden significantly.
Villa have already been active in the transfer market this summer and have agreed a £22million club record deal with Club Brugge for striker Wesley Moraes.