Aston Villa settle tax bill but financial concerns remain

  • Aston Villa settle tax bill but financial concerns remain

Aston Villa settle tax bill but financial concerns remain

While John Terry has already left the club, young star Jack Grealish is expected to follow in order to recoup some cash to deal with the FFP regulations.

The cash-strapped midlands club are determined they will not be held to ransom, Press Association Sport understands.

Tottenham Hotspur chairman Daniel Levy is set to test crisis club Aston Villa's insistence they will not sell Jack Grealish for under £40 million by making a bid for the midfielder.

The 22-year-old has also been linked with Leicester City, West Ham United and Everton.

Villa, who missed a tax payment to HMRC on Friday, have invested heavily in players over the past two years and will receive a reduced Premier League parachute payment of about £15m next term, leading to likely cost-cutting.

Villa have also announced that there are "no insolvency practitioners or administration advisors working with the club".

Villa lost to Fulham in the play-off final last month and Xia suggested last week that changes were coming in response to that failure.

The outstanding amount is then likely to be sent swiftly, ensuring administration is not an immediate threat.

The reduced instalment provided the club's owner Dr Tony Xia with the funds necessary to pay the club's players and staff for May.

A number of interested parties have approached the club to discuss purchasing the club outright.

The position of boss Steve Bruce remains uncertain, with Xia yet to give concrete assurances over the manager's future. We appreciate that there might be huge concerns that are being worked on around the clock at the moment but we need to know where we stand.