Aston Villa transfer budget set to soar amid near-£100m reveal - Kieran Maguire
Wes Edens and Nassef Sawiris’ generous approach at Aston Villa means the club has more money to spend in the transfer market.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after the pair pumped another £10million into the club.
The investment, made through a share purchase, takes Edens and Sawiris’ total investment to £97m since the start of the season.
Villa have opted not to use private loans such as those taken out by Southampton and West Ham over the past year.
That means there will be no interest repayments further down the line, explains Maguire.
And the spreadsheet expert insists that the manner of Edens and Sawiris’ investment is good news for the transfer kitty.
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“This is part of their overall investment strategy in Aston Villa,” he told Football Insider correspondent Adam Williams.
“The good news is they are not going down the route of other clubs in terms of taking out massive loans. They haven’t borrowed from banks or niche lenders such as MSD Holdings.
“Every £1m you put in terms of shares means there’s no interest being paid because Villa are never going to pay a dividend, realistically.
“That means it’s additional investment at no financial cost, meaning there’s more money to go into the playing budget and transfers.
“They are debt-free too after settling with Tony Xia when they bought the club.”
Villa lost 3-1 to Man United on Sunday.
That results leaves Dean Smith’s side in 11th place with four matches remaining.