Aston Villa record £119.6m financial loss in 2022-23 season

Aston Villa are fourth in Premier League table

Aston Villa have issued a comforting statement despite reporting a large deficit, confirming numbers from the team’s 2023 End of Year reports.

The club has revealed a loss of £119.6 million after tax for the year, which is significant given that we only made a meagre £0.3 million profit the previous year. These data are included in the club’s statement.

Although our financial situation is outlined in full, player wages saw the biggest increase, rising from £137 million to £194.2 million in the previous year.

Revenue climbed from £178.4 million to £217.7 million as well, but the loss reported after the statement will undoubtedly cause people to question our financial situation and possibly spark more discussion about the necessity of selling in the summer to help balance the books.

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There will undoubtedly be strategies and approaches going ahead to ensure that we move towards an improved economy in the upcoming months and years since this is a club-record post-tax operating deficit and one of the biggest in Europe.

However, a critical paragraph towards the end of the club’s declaration allays those concerns. Since we appear to be a well-run organisation from both a financial and sporting standpoint, there is confidence that important members of the club are fully aware of what is required to ensure we stay within critical parameters to avoid breaking any regulations.

“It is important to note that these figures are in line with the strategic business plan, and we continue to operate within the Premier League’s Profit and Sustainability rules. The owners of Aston Villa remain committed to the long-term and sustainable development of the Club, and we look forward to continued progress on the delivery of our strategic plan.”

Under the current PSR laws, clubs can lose up to £105 million over three years. However, other funding categories can be subtracted from that amount, such as infrastructure and youth investments.

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