Aston Villa confirm £119.6m loss in end of year accounts


Aston Villa have announced a £119.6million loss in their end of year accounts.

Despite Villa’s seventh-place finish in the Premier League last season and a return to European football after more than a decade, financial figures revealed a deficit for the year ending May 31, 2023.

The club’s revenue witnessed a surge, reaching £217.7m, up from £178.4m in the previous year. However, despite increased revenue streams driven by improved gate receipts, sponsorship deals, and commercial revenues, Villa reported a loss of £119.6m after tax, compared to the marginal profit of £300,000 in the prior year.

Villa said in a statement that they “are in line with the strategic business plan, and we continue to operate within the Premier League’s Profit and Sustainability rules”.

In the current financial year, Villa confirmed they have spent £63.7m on new signings that has included the acquisitions of winger Moussa Diaby from Bayer Leverkusen and defender Pau Torres from Villarreal. The Premier League side say that as a result of this, employee wage costs rose to £194.2m, up from £137m, reflecting a 9 per cent increase in overall employee numbers, coupled with increased central support functions to facilitate the club’s growth.

This season, Villa’s performance on the field has seen a upward trajectory, with the team currently occupying a Champions League qualifying spot in the Premier League and advancing to the knockout stages of the Europa Conference League.

Aston Villa Women also enjoyed a successful campaign in 2022-23, achieving their highest-ever league finish in the Women’s Super League (WSL) and reaching the semi-finals of the Women’s FA Cup. Individual accolades were also celebrated, with Rachel Daly awarded the WSL Golden Boot for netting 22 goals.

Villa Park’s selection as a host venue for Euro 2028 has prompted continued investment in infrastructure, with significant capital allocated towards stadium improvements and community initiatives. The club aims to enhance the matchday experience for fans while exploring opportunities to increase the stadium’s capacity, in tandem with improvements to the local transport network.

Villa’s owners, V Sports, have affirmed their commitment to the club’s sustainable development and express optimism for continued progress in line with their strategic plan.

Unai Emery’s side are next in action this Thursday in a last-16 first leg tie at Ajax in the Conference League.

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 (Catherine Ivill/Getty Images)





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