Villa supremo vows to spend again

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Aston Villa owner Randy Lerner has pledged to back manager Martin O'Neill in the transfer market again this summer.

Lerner believes the credit crunch will not have a significant impact on the funds that will be made available.

He said: "Will there be funds for players this summer? Yes. Like any club we are conscious of having money available for the summer."

But the American multi-millionaire is also eager to ensure Villa do not become embroiled in the financial difficulties which have hit other clubs in the past through reckless over-spending.

O'Neill spent around £50million on new players last summer and has made it clear the size of his squad needs to be significantly increased if Villa are to challenge for a Champions League spot.

"We are also conscious of managing the players leaving and trying to generate funds from that. It is a balancing act but, yes, there will be funds," he added.

"Will the credit crunch impact on funds available this summer? I don't really view the credit crunch as a big issue in terms of the funding for the summer.

"But, if anything, what has gone on in the economy makes you very conscious of building a sustainable business because, in the end, that is what you are responsible for doing.

"To the extent that you are deficit spending, maybe you should think very hard about how you are ultimately going to pay it off and the consequences of not being able to pay it off.

"We know clubs that got into trouble before and those disappointments far exceed not having the best players and not winning what one sets out to win. They are long term problems that don't go away."

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