The ignorance of Villa's financial plight in this thread is astounding.
Assumption, presented as fact. It seems the norm for some...
'Wage-to-revenue' is key there. There's an obvious glass ceiling in terms of what revenue can be brought in. Look at their squad/wages now - it would take years to turn that around to free up some spending. Who'd sacrifice their reputation dealing with Heskey, Dunne and Pires in those years while desperately trying to convince the likes of £80,000 a week Stephen Ireland to join another club?
That's the point here. They're not spending. They might as well be "skint". They have a open sell to buy policy, of which have no real value, most on astronomical wages. They're a sinking ship. Martin O'Neill wasn't soft. Either where the rest judging by the size of the queue when he left...
Lerner having a few quid in the bank doesn't disguise all the other obvious facts. Philip Green and Lord Grantchester are billionaires....
Blowing it well out of proportion there, Dan. Villa only have to drop back to a wage bill of approx. 60% to start breaking even again, down from 80%+, whilst Lerner has blown absolute shedloads of money on players over his tenure. All they're doing now is returning to pre-Lerner levels of finance, which was still better than Everton.
Martin O'Neill basically spent multi-millions on relative garbage, Lerner hasn't seen a return so he's scaling back. The only difference between Villa and Spurs is that Levy and co. have seen improvement on the pitch whilst Villa haven't, with only a 6th-placed finish to show for their blown cash.
Rumours of Villa's demise is greatly exaggerated. Indeed, the sale of Young in the Summer with the cash injected into backing the wage budget will steady them almost completely, whilst still being able to outspend Everton with ease.
The difference with Villa and Everton's board... Lerner has thrown £40m a year at Villa in player purchases and running costs, Grantchester/Green are impeccably invisible.
There's wealth, and then there's wealth in football.