Aston Villa have today released a statement, announcing that they have agreed a deal with Her Majesty’s Revenue and Customs amid the Club’s financial problems.
It had been reported that the club owed over £4 million in unpaid tax to HMRC. However, per today’s announcement, it seems like Villa have agreed on a deal to pay the remaining money.
The statement reads:
Aston Villa Football Club can confirm that an agreement has been reached with HMRC and the club will continue to fulfil its obligations.
The club can also announce that there are no insolvency practitioners or administration advisors working with the club.
Owner and Chairman Dr Tony Xia would like to take this opportunity to sincerely thank supporters during this difficult and unsettling time and reassure them plans are now being put in place to move the club forward.
The statement denies that any administration advisors are working with the club, despite reports that former Chelsea CEO Trevor Birch was continuing to advise the club.
Villa’s worries about administration are over for now. However, the club may still need to sell assets to avoid any financial fair play punishments.
