Aston Villa confident of no FFP breach as Premier League look at Villa Park sale

As the Premier League look in the sale and lease back of Villa Park, aston Villa are convinced they have not violated any Financial Fair Play principles.
Despite conducting the trade while in the Championship, combined with Reading Derby and Sheffield Wednesday, the Premier League will consider whether Villa are in breach of some FFP rules.
Like those which were initiated from the EFL on Hillsborough, Pride Park and the Madejski Stadium, the inspection could include an independent valuation of the scene in Aston.
Villa are said to have sought and obtained approval by the EFL before selling Villa Park to the next of the owners‘ businesses – allegedly for a price of #56.7m – and then renting it back.
When they make their FFP evaluations the Midlands club have been known to be pleased to open each of their accounts.
On Thursday, Derby defended the 80m sale of Pride Park after the EFL commissioned a separate evaluation after issues from other clubs that were second-tier that it was overvalued.
These four clubs, one of which has achieved marketing, to market their stadiums to businesses with the ownership’s choices was met with criticism and resistance from other Championship sides.
Middlesbrough have begun legal actions against Derby within the matter and Boro chairman Steve Gibson has complained to the EFL, saying he believes the sale along with also lease-back system contravenes the League’s principles on P&S – but his suggestion to alter the rule before this season has been hunted by the other nightclubs.

Read more here:

Comments are closed.