Kieran Maguire issues Aston Villa transfer verdict after £30m reveal
Kieran Maguire has suggested Aston Villa could use their £30million issue of new shares in the transfer market.
Speaking exclusively to Football Insider, the football finance expert claimed it will “only help the club” in regards to new signings and contract renewals.
As filed on Companies House (10 August), Villa have issued £30million worth of new shares.
The Midlands club have backed manager Steven Gerrard in the summer transfer window.
Philippe Coutinho, Diego Carlos, Boubacar Kamara and Robin Olsen have all arrived on permanent deals for fees totally approximately £50million.
When asked by Football Insider what can be read into the new issue of shares, Maguire said: “Under the profitability and sustainability rules, clubs are allowed to lose £15million over three years.
“If the owners put money into the club in the form of shares, that can be topped up to £105million.
“I think this is part of the owners ongoing financial commitment to the club. It also allows flexibility in terms of profitability and sustainability.
“It will only help the club in regards to the player budget in respect of signings and wages.”
Aston Villa registered their first win of the season on Saturday (14 August).
Goals from Danny Ings and Emi Buendia were enough to secure victory for Steven Gerrard’s side against Everton.
Next up is a trip to Crystal Palace on Saturday (20 August).
In other news, a source has revealed an Aston Villa star will not be leaving the club this summer as multiple offers rejected.