Aston Villa points deduction? Keith Wyness drops verdict after confirmed news
Aston Villa’s former chief Keith Wyness has claimed the Midlands club are in a “good position” to avoid a points deduction after a £50million cash injection.
Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Villa Park between 2016 and 2018 and now runs a football consultancy advising elite clubs –claimed the new money could also help his former side complete infrastructure projects off the pitch.
A Companies House submission earlier this month (8 October) confirmed the Villa owners have invested a further £50million into the club in the form of new shares.
The cash injection comes after Football Insider revealed on 6 September that owners Nassef Sawiris and Wes Edens had invested £44million into the club in a similar transaction.
Villa reported a loss of almost £120million for the 2022-23 campaign and came close to breaching Profit and Sustainability Rules (PSR) last term – resulting in the sale of Douglas Luiz in an early-window deal.
Aston Villa well placed to avoid points deduction, says Wyness
Wyness told Football Insider‘s Insider Track podcast: “There are three owners, Sawiris, Edens and a company called Atairos.
“This investment gets them up to about 31.5% ownership in Villa, while the other two have around 34% each – it levels up the partnership, to a degree.
“The club are obviously looking at big infrastructure projects around the stadium, and it may be that some of the cash finds itself helping with football payments.
“It’s not a huge sum, but it keeps Villa in a good position with PSR.
“They’re going to be pretty tight with the limit, but I think they should just about make it through.”
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