Steve Bruce will continue his role as Aston Villa manager for the 2018-19 Championship season after being given “full support” after a meeting with new owners, Nassef Sawiris and Wes Edens.
The former Manchester United captain’s future had been under speculation following the arrival of the two new investors.
Bruce guided Aston Villa to the Championship playoff final last season where they were beaten by Fulham at Wembley Stadium.
The manager was in charge of the Villans’ pre-season friendly against West Ham United on Wednesday.
Steve Bruce has been in charge since October 2016 and will lead Aston Villa into their third consecutive season in the second tier of English football, once again among the bookmakers’ favourites for promotion.
New owners Edens and Sawiris announced in an interview on the club’s official website that Steve Bruce will be retained in his role as manager.
Aston Villa had financial issues prior to their new investment after missing a £4 million tax payment in June with no co-chairman Dr Tony Xia believed to have cash flow problems.
However, Bruce may have limited funds for the remainder of the summer transfer window due to Financial Fair Play regulations.