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Villa losses reach £112m in five years

Aston Villa Football Club has revealed losses of £37.6m in its latest accounts, making the total loss £112.75m during Randy Lerner’s five years as owner.

During the five year spell, Villa’s turnover has significantly risen from £22.4m to £79.9m but the club’s wage bill now accounts for 88% of the club’s turnover compared to 60% when the American acquired the club.

The Barclays Premier League side entered Deloitte’s Money League in 20th position this year, but this is based on turnover alone.  Villa received £52m from television revenue whilst commercial turnover reached £14.4m and matchday receipts £24m.

Manager Gerard Houllier conceded the club had to reduce its wage bill.  "We probably need to have a better balance between the salary [wage bill] and the turnover of the club," Houllier told BBC Sport.

"It won't be done overnight - it will be done gradually."

Whilst UEFA’s financial fair play regulations aren’t set to begin until 2012-13, Villa would be in breach of the proposed £39m losses allowed within a three season period in order to compete in competitions such as the Champions League and Europa League.  

 

Scott Hobro

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