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Aston Villa reach agreement with HMRC over £4.2m tax bill to avert financial crisis

ASTON VILLA have averted their first crisis after reaching an agreement with HMRC over their outstanding £4.2million tax bill.

SunSport can reveal Villa have made a substantial down-payment of £500,000 today and will follow that up with further payments next week.

Aston Villa have reached an agreement with HMRC over their outstanding tax bill
Rex Features

The move comes after Villa’s executive board met today to discuss the club’s perilous financial position.

It is understood Villa owner Dr Tony Xia, currently in Beijing, has agreed a deal with the Premier League to dip heavily into this season’s £15million parachute payment.

He will use more of that cash to pay an imminent £8million wage bill due later this month.

More to follow…

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