Richard Keys has a theory about Aston Villa's current struggles.
Unai Emery's squad have had a disappointing start to the new Premier League season, currently sitting 19th in the early standings with just two points and zero goals in their first four matches.
This follows a challenging summer transfer window for the club, with Evann Guessand being the most significant signing in a £30m deal.
READ MORE: Unhappy Liverpool star breaking silence on Arne Slot 'argument' and his behaviour in training
READ MORE: Jurgen Klopp targeted by Champions League club - and he's already made feelings clear
Emery's team was strengthened on transfer deadline day by the free transfer of ex-Manchester United defender Victor Lindelof and loan arrivals of Jadon Sancho from Old Trafford and Harvey Elliott from Liverpool.
Keys suggests that owners Nassef Sawiris and Wes Edens, who have supported the club with hundreds of millions over the years, are now hesitant to continue spending so heavily, reports Birmingham Live.
"Just two points and still no goals? Fans have every right to be asking questions," said beIN Sports presenter Keys.
"It doesn't take a genius to work out why. In a year when PL clubs spent a record £3.29b in the window Villa shelled out just £40m. They haven't stood still - they've gone backwards and every single one of the teams they might see as rivals has streaked away from them.
"I don't buy PSR excuses. They apply to every club, but seem not to affect their ambitions. Chelsea spend as they like. Newcastle weren't shy in the last window. Nor were Forest (again), nor United (again). So why are Villa so publicly scared?".
"I have no evidence to support this theory, but my feeling is the owners - Egyptian billionaire Nassef Sawiris and American billionaire Wes Edens - don't want to spend.
"Villa were on the cusp of taking the next step," he added.
"They were enjoying heady CL nights. Going toe-to-toe with the big boys. At one stage it looked as though they were about to join the elite clubs, but it's all come crashing down.
"It's early days yet and Villa might get going, but after tipping them for a 5th placed finish I fear they're in for a rough season," he concluded.
You may also like
Athletic Club vs Arsenal referee sparked Man Utd anger with three controversial calls
Keir Starmer's in a full-blown crisis - but Trump could save his bacon
Ruben Amorim sack latest - Man United stance, next job opportunity, pressure verdict
Exciting Details About Jolly LLB 3: Cast Salaries and Release Date
Cardi B teams up with Janet Jackson, Lizzo on new album