This from the Meaning Evil.
This is what the EFL have said about Aston Villa's finances
AVFC were under scrutiny following the recent change of ownership and the previous problems at the club
The EFL have confirmed that Aston Villa are now free to sign players before the start of the Championship season following a recent investigation into the club's finances.
Villa had certain restrictions placed on their transfer activity this summer but those have now been lifted.
In a statement today, an EFL spokesman said:
“The EFL has completed its review of the change of control application made by Aston Villa Football Club.
“The Club and its shareholders are required to comply with a number of financial reporting requirements moving forwards.
“The EFL can further confirm that the Club is not subject to a registration embargo.”
Earlier today we reported how the club were hoping to announce their first signing of the summer this week after the EFL relaxed their recent scrutiny over the club.
It’s understood that Villa were operating under a ‘soft’ transfer embargo following investigations into the club’s finances.
Boss Steve Bruce has been unable to register any new players because of the previous money problems under Tony Xia.
It was only two months ago that Villa missed a tax payment and there were serious concerns of administration following a struggle to pay other bills.
But the recent change of ownership has helped ease any financial fears and Villa are now close to finding a solution for their problems.
Picture special: What Nassef Sawiris and Wes Edens got up to in first week at Aston Villa
Goalkeeper Andre Moreira has been lined up and is expected to sign on a season-long loan deal from Atletico Madrid.
BirminghamLive understands that new owners Naseef Sawiris and Wes Edens have enlisted the help of super-agent Jorge Mendes to assist in transfer dealings this season.
Moreira is indeed a client of Mendes - but Bruce is still having the final say on all incomings.
He continues to track his own targets, too, with Robert Snodgrass still on the radar following a successful campaign last season.
Aston Villa wait on Robert Snodgrass update as Steve Bruce prepares to swoop
Liverpool’s Ben Woodburn is another player Bruce would like to sign having missed out on Harry Wilson, who joined Derby County, earlier this month.
Further good news is that James Chester and Jonathan Kodjia are now expected to stay, while Tottenham will need to lodge a bid of over £25million to prize Jack Grealish away.
Steve Bruce targets two exciting Aston Villa transfers as Tottenham Hotspur mull over Jack Grealish deal
When asked if he was able to sign any players before the start of the season, Bruce told BirminghamLive:
“Yes, but we’ve still got problems to overcome."
And on Saturday we revealed that Villa will resist bids for their star players this summer, with Bruce adding:
“The one thing that the pair of them (Sawiris and Edens) have said it that no-body is for sale.
“That’s music to my ears.