News has been reported in the local press in Birmingham that embattled AVFC owner Tony Xia is in talks with a bidder about selling a stake in the club. No details have emerged yet about the party but with a reported £9million tax bill due tomorrow, it could be now or never.
AVFC director of football Steve Round was sacked this week by Tony Xia as the embattled owner seeks to reshape the senior management team at the club. Round’s departure was not unexpected but adds further fuel to the fire that Xia is not looking to sell the club any time soon.
While the problems continue to mount up for Tony Xia in B6, he has suffered further humiliation in China after being public censured by the Shanghai Stock Exchange. Problems surrounding his company Lotus Health and a transfer of shares in a subsidiary have caused the Shanghai Stock Exchange to make public their displeasure and to inform the local government of their decision.
In a statement on their official website, AVFC formally confirmed that they have parted ways with CEO Keith Wyness and are willing to defend any legal action that he may bring against the company. Wyness’ departure came after it was confirmed that he was suspended by the club last week.
When is a loan for £50million not a loan for £50million? Rumours were doing the rounds on social media that Tony Xia had organised a rescue plan for AVFC by arranging to borrow as much as £50million from one of his listed companies, to inject as much needed capital to AVFC. However, like most things in this situation, it’s not as simple as that.
On May 18, 2016 a little known Chinese businessman by the name of Tony Xia bought Aston Villa FC. Catapulted into a blaze of publicity, Xia was feted by fans of Aston Villa as the saviour from the evil clutches of Randy Lerner. However, there were people who were sceptical that the Beijing resident had the funds or the ability to run an English football club.