Aston Villa release accounts showing £81m loss for last financial year

Club’s deficit trebled in 2015-16, year they have been relegated from Premier League .Figures don’t relate to duration since Tony Xia finished his takeover .

Villa Park is not witnessing top-flight football for the first time in 30 years this season after Aston Villa’s relegation in May 2016
Villa Park isn’t witnessing top-flight soccer for the primary time in 30 years this season after Aston Villa’s relegation in May 2016

Aston Villa recorded a loss of greater than £81m for the last financial year, consistent with the membership’s newest accounts.

The figures for the 2015-16 duration display that with an running loss of £81.3m the deficit greater than trebled, up from £26.6m, prior to Villa have been relegated from the Premier League.

 

The membership’s remark states losses of £79.6m because of “remarkable pieces” however supplies little rationalization as to what those are, instead of to mention “for the impairment of exact fastened belongings and intangible belongings”.

Turnover fell from £115.7m in 2014-15 to £108.8m, with the membership attributing the drop in income to a discount of their percentage of cash from the Premier League’s broadcasting agreements because of the general league standings.

Villa have been relegated from the Premier League for the primary time last season after completing backside of the desk and are enjoying out of doors of the highest flight for the primary time in 30 years.

Dr Tony Xia finished his takeover of the membership on 14 June 2016 so any figures related together with his acquire won’t display till the 2016-17 accounts are revealed.

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