Ukraine, Egypt explore preferential trade deal: Zelenskyy    Egypt, Russia's Rosatom review grid readiness for El-Dabaa nuclear plant    Mastercard Unveils AI-Powered Card Fraud Prevention Service in EEMEA Region, Starting from Egypt    Global tour for Korean 'K-Comics' launches in Cairo with 'Hellbound' exhibition    China's factory output expands in June '25    Egyptian pound climbs against dollar at Wednesday's close    New accords on trade, security strengthen Egypt-Oman Relations    Egypt launches public-private partnership to curb c-sections, improve maternal, child health    Gaza under Israeli siege as death toll mounts, famine looms    EMRA, Elsewedy sign partnership to explore, develop phosphate reserves in Sebaiya    Philip Morris Misr announces new price list effective 1 July    Egypt Post discusses enhanced cooperation with Ivorian counterpart    Egypt's Environment Minister calls for stronger action on desertification, climate resilience in Africa    Egypt in diplomatic push for Gaza truce, Iran-Israel de-escalation    Egypt teams up with private sector to boost university rankings    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger    Egypt, Tunisia discuss boosting healthcare cooperation        Egypt's EHA, Schneider Electric sign MoU on sustainable infrastructure    Sisi launches new support initiative for families of war, terrorism victims    Grand Egyptian Museum opening delayed to Q4    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Aston Villa ready to sell players to meet FFP rules, says Bruce
Published in Ahram Online on 10 - 07 - 2018

Aston Villa will probably have to sell several of their best players, including midfielder Jack Grealish, to meet Financial Fair Play (FFP) regulations, manager Steve Bruce has said.
He told Sky Sports News on Monday that Villa, who missed out on a lucrative return to the Premier League when they lost in the playoff final, have no choice but to sell prized assets.
Sky reported that Villa must raise 40 million pounds ($53 million) to comply with FFP rules after last season's failure to secure promotion from the second tier.
The club faced a winding-up order via the High Court last month until they agreed a payment schedule regarding money owed to British tax authorities.
Villa owner Tony Xia said the club was not for sale but Bruce, who has agreed to stay to help the Midlands outfit through the difficulties, knows players will likely be sold.
"We know what to expect. We don't want to lose Grealish, (Ivory Coast forward Jonathan) Kodjia and (Wales central defender James) Chester but the inevitability is we might have to so let's get ready for it," Bruce said.
OPEN LETTER
Villa owner and chairman Xia wrote an open letter https://www.avfc.co.uk/News/2018/07/06/open-letter-dr-tony-xia to fans on Friday in which he said: "To be clear, to meet FFP we need to player trade. No shareholding sale of any size will contribute to meeting FFP. We must reduce costs and increase revenue."
Former Manchester United defender Bruce, who has managed nine teams, said he had considered his own position at Villa.
"After thinking about it I thought the club is in trouble and if ever it needs me, with my experience to beg steal and borrow, then now is the time," he said.
"Inevitably that is going to be player sales. There are going to be people that I do not want to sell - and the obvious one is Jack (Grealish) - but people will know that we have got financial problems and they'll sit and wait, and wait, till (transfer) Deadline Day (Aug. 9) possibly.
"I hope that doesn't happen but we've got to baton down the hatches and wait for it. And it's pretty brutal stuff out there."
($1 = 0.7547 pounds)
(For more sports news and updates and a special World Cup 2018 coverage, follow Ahram Online Sports on Twitter at @AO_Sports and on Facebook at AhramOnlineSports)


Clic here to read the story from its source.