EFL confirm ongoing talks with Aston Villa over cash crisis

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Reports emerged that EFL chairman Shaun Harvey had requested to meet with broke Aston Villa last night, today EFL have confirmed they are having talks concerning Aston Villa’s financial crisis.

In a statement released to Birmingham live the Championship’s governing body said they would help embattled Villa ‘where appropriate.’

It appeared that Harvey will request a business plan from the club and will seek reassurances that they can fulfill their financial obligations. But today’s statement struck a cooperative tone.

Villa is currently broke due to their owner Tony Xia’s struggles to effectively fund the club and after their failure to reach the Premier League. Though Xia was able to reach an agreement with HMRC to stave off the immediate threat of administration, it still remains unclear whether the club has the funds to meet its next payroll and tax payment, due on or around June 22.

However, Villa on Wednesday announced the extension of their sponsorship deal with the Kindred Group. The deal will see online casino 32Red become Villa’s principal partner, with Unibet continuing as their official partner.

Villa’s chief commercial officer, Luke Organ, said: “We are thrilled to be partnered with Kindred Group once again this season in a wider and more targeted partnership.

“The last 12 months has seen a fruitful relationship develop and we very much look forward to building on that for the seasons ahead,’ according to Express and Star.