"Having failed to qualify for the Champions League things look less rosy at Aston Villa.

The club made a loss of £206m in the two years to 30 June 2024 and, with the £100m departure of Jack Grealish in 2021 dropping away from their PSR figures, backing Unai Emery will be far from straightforward.

Last term's run to the quarter-finals of Europe's elite club competition, along with the sales Moussa Diaby, Douglas Luiz and Jhon Duran will undoubtedly have helped.

But the Midlands club has spent more than £900m since returning to the Premier League in 2019, exceeding Uefa's 70% revenue to wages ratio every season.

"Without any outgoings, it appears Villa will be at the bottom end of the £50-100m spending range," added Maguire."

BBC Sport.