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Published 11:39 29 Sept 2018 BST
Updated 14:42 29 Sept 2018 BST
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Though this offer was rebuffed following Villa's takeover by Nassef Sawiris and Wes Edens, The Times report that the new deal contains a clause which would allow Grealish to leave for an offer in excess of £45m.
Sawiris has a net worth of over £5 billion according to Forbes, but Villa, The Times' report claims, may still consider selling Grealish if they fail to win promotion back to the Premier League again this season.
Villa have posted an overall loss of £37.1m during their two seasons in the Championship, meaning they are likely to struggle to comply with the EFL's permitted losses of £39m over a three-year timescale. Should they fail to do this, they could be docked 12 points next season. Promotion will help them overcome this, though the club will be forced to sell key players if this doesn't happen.
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