This week we reported that Villa will not be going into administration and are confident of solving their cash-flow crisis.
Owner Xia has received positive news that a loan has been approved.
He has managed to source £2m from China and borrowed a further £4m to help cover with the costs in the weeks ahead.
It’s understood that Xia is doing everything possible to keep hold of the club he purchased in 2016 having invested over £150m.
Several leading football finance experts have backed up claims from sources close to the club who are adamant Villa’s current crisis will not see them file for administration.
Xia is doing everything possible to keep hold of the club he purchased in 2016.
He has invested over £150million and is desperately seeking ways to continue funding it.
On Wednesday it’s understood that he has a £6million loan approved which helped cover the outstanding tax bill and some of the other running costs.
That money will help keep Villa going for the next 30 days or so but then the problems begin again.
So is Xia thinking of selling up?
It’s not his first priority but it is in his thoughts.
Only a serious bid will tempt him, though.
Forget anything considerably less than what he bought it for – almost £80million.
And forget an early sale.
If he is to sell, it will take some time.