Major NSWE Aston Villa decision confirmed as revealing new documents emerge

Documents from Companies House reveal that Aston Villa have taken out a loan from Kroll Trustee Services.

The loan appears to have been taken out on November 26 from the company registered in the Shard, London, and is secured on properties owned by the club as well as commercial contracts.

It is unclear how much was borrowed by Villa or indeed the reason why a loan has been taken out. Such agreements are common in football as clubs use loans to manage their cash flow over the course of a season.

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Clubs may use loans to access cash immediately, rather than waiting for payments in instalments. This can be particularly useful during the transfer window, when clubs need cash to complete deals.

Villa are preparing for the opening of the transfer window in five weeks' time, although there is no indication that this loan from Kroll Trustee Services has been taken out for immediate access to funds for January.

Clubs can also borrow against the value of future income streams, such as broadcast revenue, sponsorship income, and season ticket income.