Aston Villa chiefs’ plan to expand Villa Park will not limit the club’s spending power in the transfer market. 

That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after Villa released their annual financial report.

In an accompanying statement, the club detailed long-term plans to expand its 42,000-capacity stadium.

Losses of £99.2million were posted for the 2019-20 season, raising concerns about the club’s financial position.

They have spent around £250m since Wes Edens and Nassef Sawiris took control in July 2018.

And Maguire does not expect Villa to rein in their spending in order to accommodate a Villa Park revamp.

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“I don’t see that being an issue simply because of the wealth of the owners,” he told Football Insider correspondent Adam Wiliams.

“If we take a look at Arsenal and Spurs, the reason they restricted expenditure during the construction of their stadiums was that they weren’t getting any funding from the owners.

“So effectively they had to be self-financing when they were moving to the new stadium.

“As far as Villa are concerned, the owners will say they can fund the stadium expansion themselves.

“So there will be no impact on Dean Smith’s ability to recruit and retain the players in the squad.”

This site broke news last week that Villa are planning to sign two wide forwards this summer.

Football Insider can now reveal that the club is plotting a swoop for Werder Bremen winger Milot Rashica.

In other news, Liverpool are interested in 2020 Aston Villa signing.