Steve Bruce has insisted that Aston Villa are now in a position to "rebuild" and challenge for a place in the Premier League following the arrival of new owners.

After weeks of financial uncertainty at the end of last season, leading to staff losses and the threat of player sales, the Villans recently welcomed Nassef Sawiris and Wes Edens as majority shareholders.

Villa boss Bruce, given a stay of execution by his superiors for another crack at promotion, hopes that the West Midlands outfit now have a stable platform to push on and achieve their ultimate target of regaining top-flight status.

"From the day we lost against Fulham, the situation the club was finding itself in started to unravel and there has been cuts to the medical department and throughout, people have been losing their jobs and that is the fallout of not getting there," he told Sky Sports News.

"It can only be good for the club and with that, it is going to take time but the owners have made it pretty clear in their statements to me and conversations I have had with them that we do not just want to be a sticky plaster and cover over all the cracks, which we have maybe been doing for the last few years.

"There is a plan to go forward and the main bit is the club can rebuild itself again and get itself back on an even keel and try and have a plan in place over the next two or three years to take Aston Villa to where it wants to be".

Villa announced the loan signing of Manchester United defender Axel Tuanzebe on Monday afternoon ahead of their Championship opener at Hull City.