Aston Villa suspend CEO Keith Wyness after reportedly missing normal tax payment

Tobias Pachonik of FC Carpi competes for the ball with Riccardo Gagliolo of Parma Calcio during the Serie B match between Carpi FC and Parma Calcio at Stadio Sandro Cabassi on November 25

The cash-strapped midlands club are determined they will not be held to ransom, Press Association Sport understands.

They face another season in the Championship and also must save around £40 million to fend off Financial Fair Play scrutiny. James Chester has also been linked with a move.

The club suspended chief executive Keith Wyness as news emerged of a missed tax payment to HMRC that has seen Villa threatened with a winding-up order.

Grealish is likely to provide Villa's biggest cash boost to the coffers as the club look to stabilize after years of overspending.

A number of players have already left this summer, including John Terry and five loanees.

The latest statement is a move to reassure Villa fans that administration is not an immediate prospect and the situation with HMRC has, for the time being, been dealt with.

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There's a bit of uncertainty around Villa Park after losing to Fulham in the Championship Playoff Final at Wembley and thus missing out on a berth in next season's Premier League.

The club have paid £500,000 to HMRC and are expected to pay a further £1.2million by the end of the week. The outstanding amount is then likely to be sent swiftly.

Club chairman Dr Tony Xia has assumed Wyness' duties.

Newcastle are now heading the list of clubs interested in the England under 21 worldwide as they are after a creative attacking player to provide a spark to their forward play.

The group is unhappy with a lack of communication from the top and want clarity over the club's position.

"We can assure our members that as soon as we know what is happening we will share it with you".

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