Aston Villa will get a £100 million cash injection from their owners on the back of their busy summer transfer window, as per the Birmingham Mail.
They report that the nine-figure sum has been put forward to Companies House as being set aside for Villa by owners Wes Edens and Naseef Sawiris.
The document reportedly reads: “The directors be generally and unconditionally authorised to exercise all of any powers of the Company to allot shares in the Company up to a nominal aggregate amount of £100,000,000 & shall expire on the fifth anniversary of the date of this resolution.”
The report says that £100 million investment will take the amount invested by the billionaires in Villa to over £300 million.
TBR’s View – More spending in the offing for Villa, provided they can retain Premier League status
Villa’s start to the season has shown enough to suggest they will be able to maintain their Premier League status beyond the end of this campaign.
That is imperative for the club to keep attracting the quality of player they want. The owners have made a commitment to setting the money aside and of course relegation parachute payments would help to keep the spending up if Villa went down.
But that clearly isn’t the plan – Villa want to re-establish themselves as a top flight side and are going the right way about it.
The longer they stay in the top flight, the better the standard of player they’ll be able to attract, as well.