Aston Villa have announced their end-of-year accounts, and some pretty stark figures have emerged.
Villa, who are back in European competition this season, reported a £119.6 million deficit in their year-end accounts, according to The Athletic.
Despite higher gate recipes, sponsorship agreements, and commercial income, a notable deficit was recorded in comparison to the £300,000 profit made the previous year.
The board’s confirmation that the team is operating in compliance with the Premier League’s Profit and Sustainability Rules is a major plus. This season, the authorities have tightened their regulations, which has affected both Nottingham Forest and Everton.
However, the numbers may be seen as highly alarming and likely underscore the necessity for additional commercial revenue, similar to what Tottenham has accomplished with their new stadium.
Football finance expert Kieran Maguire has provided a context for Villa’s numbers by showing where they currently stand in the Premier League all-time rankings following their most recent defeat.
Aston Villa third in all-time Premier League loss-makers
On his personal X account, Maguire showed a graph that had some quite shocking financial data.
Having lost more than £591 million since the Premier League’s founding in 1992, Aston Villa is currently ranked third all-time.
Chelsea tops the list, not unexpectedly, having lost more than £1.04 billion overall. With £633 million, Manchester City is in second place, little over £40 million ahead of Villa according to the most recent accounting.
Aston Villa ahead of Everton amid PSR concerns
Even though the board stated that the team is operating within PSR guidelines, there is still reason to be concerned given Everton’s current situation.
The Premier League has already deducted the Toffees points despite their record-breaking £446 million loss. Moreover, there will be an additional charge in April.
Aston Villa’s decision-makers need to make sure they stay within the lines because their all-time loss currently exceeds that of the Toffees by £145 million.
“It is noteworthy that these figures are in line with the strategic business plan,” the club said in a statement. The club’s owners are still dedicated to its long-term, sustainable growth, and we anticipate more advancements in the implementation of our strategic plan.
Let’s hope that the ownership truly believes these remarks and prioritises sustainability.
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