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Aston Villa announces £119.6 million loss in latest accounts, emphasizes strategic growth

Posted : 05 March 2024

Aston Villa has disclosed a financial loss of £119.6 million in their latest accounts, spanning up to 31 May 2023, reflecting investments in various areas. Despite the deficit, the club asserts compliance with Premier League profit and sustainability rules, allowing losses up to £105 million over a three-year period.

 

The reported figures align with Villa's strategic business plan, encompassing investments in infrastructure, the academy, charity foundation, and women's football, which can be deducted from profit and sustainability figures.

 

Notably, the Covid-19 pandemic's impact allowed clubs to claim back losses for the affected seasons, contributing to Villa's financial landscape. The club, finishing seventh in the Premier League during the covered period, experienced a surge in revenue from £178.4 million to £217.7 million in 2022-23.

 

However, wage costs rose to £194.2 million, and player contract amortization increased to £92.5 million. Villa's player transactions included notable signings like Diego Carlos and Philippe Coutinho, while managerial changes saw Steven Gerrard replaced by Unai Emery, leading the club to their best league finish in over a decade and European qualification.

 

Despite spending £63.7 million on player acquisitions and generating £22 million from player sales, Villa's strategic investments encompassed various facets of the club's development. The financial results underscore the commitment of Villa's owners to the long-term and sustainable growth of the club.

 

Currently positioned fourth in the Premier League, Villa is on track for potential Champions League qualification, marking a significant turnaround in their performance under new management and strategic planning. In contrast, other clubs like Everton have faced repercussions for breaching profit and sustainability rules, with ongoing investigations into alleged breaches by Everton and Nottingham Forest.

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