Aston Villa boss Dean Smith has warned no club is too big to suffer financial problems.
Villa go to Crystal Palace on Saturday following a £130million summer spending spree.
It came just a year after the club almost slipped into administration following their failure to win promotion back to the Premier League in 2018 under former owner Tony Xia.
Nassef Sawiris and Wes Edens’ buy out saved Villa before they went up via the play-offs last season but Bury’s collapse this week and Bolton’s plight has put football finances into sharper focus.
Smith managed Walsall in Sky Bet League One on a strict budget and knows how difficult it is to balance the books but insisted any club could be at risk if they overspend.
He said: “There are an awful lot of big football clubs in the Championship who are pushing the boat out trying to get back into the Premier League because of the financial rewards that are in there.
“Tread that path with caution because not every team can be successful and the ones that aren’t are the ones who can get caught out.
“I followed it, it was scary times for a club like Aston Villa to potentially go into liquidation. Fortunately, the owners came in at the right time.”
Despite their outlay, including spending a record £22million on striker Wesley, Smith also confirmed for the first time Villa cooled their interest in Neal Maupay because of his price tag.
The striker, who Smith worked with at Brentford, joined Brighton from the Bees for £20million but the money talked about was too high for Villa.
“Maupay, for instance, I personally thought at that time was a little bit too much,” said Smith.
“I love him as a player but the numbers that were getting talked about for me were too much.
“There are a lot of players out there you would obviously like.
“What you want if you are going to bring a player in is you want to increase that value.
“What you don’t want is to decrease it because otherwise, you are not doing a very good job.”
Thank you for reading 5 articles this month* Join now for unlimited access
Enjoy your first month for just £1 / $1 / €1
*Read 5 free articles per month without a subscription
Join now for unlimited access
Try first month for just £1 / $1 / €1
FourFourTwo was launched in 1994 on the back of a World Cup that England hadn’t even qualified for. It was an act of madness… but it somehow worked out. Our mission is to offer our intelligent, international audience access to the game’s biggest names, insightful analysis... and a bit of a giggle. We unashamedly love this game and we hope that our coverage reflects that.
Get the best features, fun and footballing frolics straight to your inbox every week.
Thank you for signing up to Four Four Two. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.