View: Aston Villa solution is not far fetched,but champions League qualification must be secured..

Former Aston Villa CEO Keith Wyness emphasized that if the club secures Champions League qualification, it will swiftly address their financial challenges.

Speaking on the latest episode of Football Insider’s Inside Track podcast, Wyness, who led Villa Park from 2016 to 2018 and now advises top-tier clubs through his football consultancy, highlighted the precarious position of Aston Villa amidst the Premier League’s heightened scrutiny on financial compliance.

Aston Villa’s financial state came under scrutiny when they disclosed a staggering loss of nearly £120 million after taxes for the 2022-23 season earlier this month (4th March). The Premier League’s Profitability and Sustainability Rules (PSR) stipulate that clubs cannot exceed losses of £105 million over a three-year span, with potential penalties including point deductions or financial sanctions. Everton and Nottingham Forest have already faced penalties this season, with six and four-point deductions respectively, for breaching PSR regulations.

However, Aston Villa currently holds the fourth position in the Premier League, positioning them favorably to secure Champions League qualification, which would significantly bolster the club’s financial standing. Wyness suggested that Villa’s financial situation is manageable, citing their ability to sell assets domestically and noting that their urgency is far less pressing compared to clubs like Chelsea.

He expressed confidence that attaining European football for the upcoming season would address many of Villa’s financial woes, indicating that the issue is not as dire as it may seem and asserting that Villa is equipped to navigate through it effectively.