A Villa statement read: “Aston Villa Football Club can confirm that Chief Executive, Keith Wyness, has been suspended by the club with immediate effect.
“Owner and Chairman, Dr Tony Xia will assume the role until further notice.
“There will be no further comment from the club at this time.”
City editor of Sky News, Mark Kleinman, has revealed further details on the matter.
He tweeted: ”Exclusive: Aston Villa Football Club suspends CEO Keith Wyness less than a fortnight after Championship play-off final defeat and amid suggestions that HMRC has served a winding-up order against Villa, one of England’s oldest professional football clubs, for missing tax payment.
“Some more clarity on Aston Villa FC situation: the club missed a tax payment last Friday, and has been given a period (which I understand to be a week) by HMRC to make the payment or face a winding-up order.”
A winding up order is a court order that forces an insolvent company into compulsory liquidation – a process in which the Court appoints an Official Receiver (OR) to liquidate all of the company’s assets in order to repay creditors.
Press Association Sport understands the club were due to make a normal tax payment on Friday which did not happen – although Villa are working with HMRC to resolve the issue.