Aston Villa’s financial mess looks likely to continue, as the cash-strapped club could now owe captain John Terry a whopping £560,000 in wages, unless he transfers to a different club this summer, according to reports from the Times.
Villa are said to have reached an agreement with HMRC to postpone a payment of £4 million last week, but a further payment is expected this week and the club owner Tony Xia may have to go as far as to sell shares in the club to ensure all debts are paid.
The ex-Chelsea legend announced his impending departure from the midlands club last month, after they failed to secure Premier League promotion in the play-offs and his current contract is due to expire at the end of the month. But he is said to be entitled to a further month’s pay.
His weekly-wage packet was said to be worth £70,000 at Villa Park, meaning the overdue payments from the last two-months add up to over half-a-million for the 37-year-old defender. However, the outstanding July payment will only stand if Terry retires or remains a free-agent, meaning Villa will be keen to land him a new club.
Villa reportedly need £40 million in order to comply with Financial Fair Play regulations (Birmingham Mail), after gambling that they would gain promotion to the Premier League this season.