Skip to content

Aston Villa to spend up to €50m on new players, says new owner Xia

Tony Xia, who took over the Birmingham club on Wednesday, says he will back their new manager with big funds in the Championship.

NEW ASTON VILLA owner Dr Tony Xia is planning to invest up to £40 (€52) million on new players as the club seek an immediate return to the Premier League.

Xia’s Recon group agreed a deal to purchase the club, who finished bottom of the Premier League this season, from Randy Lerner on Wednesday. Former Chelsea boss Roberto Di Matteo is odds-on favourite to be named Villa’s new manager and he can expect to be well-backed in the transfer market.

“Now we plan to spend £30 million to £40 million on new players for the upcoming season to reconstruct the current first team squad,” he told Sky Sports.

“We have made lots of preparations at the early stage.

“If Aston Villa can successfully return to the Premier League, the purchase price would be more than £100 million.”

The42 is on Snapchat! Tap the button below on your phone to add!

‘I have not been good enough for Arsenal’

David Ginola rushed to hospital after suspected heart attack – reports

Author
View 17 comments
Close
17 Comments
    Install the app to use these features.
    Mute John Mitchell
    Favourite John Mitchell
    Report
    Dec 24th 2015, 11:06 AM

    Well believe me Anthony… They concern us!

    54
    Install the app to use these features.
    Mute Brian Brian
    Favourite Brian Brian
    Report
    Dec 24th 2015, 11:22 AM

    A season and a half of poor performances, poor results and no apparent progress. Only in Ireland would a coach be rewarded for that.

    42
    Install the app to use these features.
    Mute Christiaan Theron
    Favourite Christiaan Theron
    Report
    Dec 24th 2015, 11:33 AM

    A wise man once told me its not what you know it’s who you know.

    34
    Install the app to use these features.
    Mute Eoghan O'Sullivan
    Favourite Eoghan O'Sullivan
    Report
    Dec 24th 2015, 2:22 PM

    Hope He gets a new contract. Just needs to sack Ian Costello.

    3
Submit a report
Please help us understand how this comment violates our community guidelines.
Thank you for the feedback
Your feedback has been sent to our team for review.