Keith Wyness gives thumbs-up as Aston Villa loan is confirmed
Aston Villa’s former chief Keith Wyness has suggested a new loan taken out against the club’s properties and commercial contracts is not cause for concern.
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 lending agreement shows “prudent housekeeping” from owners NSWE.
A Companies House submission last month (26 November) revealed Aston Villa have taken out a loan from Kroll Trustee Services, who are based in London.
The documents show the loan secured on all of the club’s properties and commercial contracts.
Nassef Sawiris and Wes Edens (NSWE) have provided ample backing at Villa Park since securing their takeover in 2018, and recently took on US investment firm Atairos as minority investors.
The Midlands club returned to the Champions League this term after finishing fourth in the Premier League last season.
Aston Villa loan is not a cause for concern, says Wyness
Wyness claimed NSWE are simply trying to make the club’s assets “work as hard as possible” to help Villa.
He told Football Insider‘s Insider Track podcast: “This loan doesn’t mean a lot.
“They’re trying to make the club’s assets work as hard as possible for the club.
“The three owners have got deep pockets so there is no real need for cash, but if you can get money in at an effective interest rate then you should always do it for cash flow reasons.
“I don’t see anything more than prudent housekeeping in this case.”
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