Aston Villa struggle to fight the possibility of administration

BeSoccer 5 years ago 154 |

Reading time: minutes

Villa could be headed for administration. Twitter/AVFCOfficial

Aston Villa are facing a rather dire situation, with the prospect of administration becoming increasingly feasible and the potential for the club to be sold to the highest bidder.

Villa's owner Dr Tony Xia has been in China since they lost out to Fulham in the Championship play-offs, reportedly in an attempt to lure new investors to the club and resolve their financial problems.

According to 'Sky Sports', a combination of huge investment in player wages and forking out more than £70million in player transfers over just two seasons have contributed to the economic crisis at Aston Villa.

The executive board will host meetings this week on how best to solve the club's financial problems, particularly how to cover the costs of a £2million outstanding tax bill that could trigger a winding-up order within the week.

After losing to Fulham, Dr Xia warned fans that the club would have to make big changes in order to comply with financial fair play regulations.

He noted: ''I am an Aston Villa fan. But I am also a business man. Under the current circumstances, I think the club needs to rethink not only the past two years but also the past 10 years. Villa needs to be a sustainable football club.''

"We have been heavily investing for the past two seasons. However, the loss on Saturday means that we need to change a lot of things."