Fans ready to step in and help rescue crisis-stricken Aston Villa

The club's financial plight could in part be to do with the end of their parachute payment plan, which has now ended following their relegation from the Premier League two years ago.

Things got even worse for the former European champions on Tuesday afternoon when they announced chief executive Keith Wyness has been suspended over a failure to pay an outstanding tax bill. He would apparently be prepared to cut his losses and sell the club for the right price.

It had been claimed that HRMC has issued a winding up order against Aston Villa after the club missed a tax payment, but the Championship side have been given a period of a week to make the payment to avoid facing the order.

However, the Claret and Blue outfit have another bill approaching which includes paying the players' wages.

Villa already need to find £40 million in order to comply with Financial Fair Play, which may see them needing to sell a player in order to fund that necessity.

Chairman Xia - now acting chief executive - has been struggling with short-term cash flow with tight rules on taking money out of China causing problems.

There are question marks over what financial shape Villa are in and now the club have moved to suspend Wyness.

Although there has been speculation about fresh investment at Villa via new ownership, no takeover is imminent and everything points to a hugely challenging summer ahead, with the departure of Jack Grealish, the club's prize asset, looking increasingly inevitable. But, in all honesty, Villa's approach in trying to win promotion back to the Premier League looks to have been foolhardy.

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