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Villa loss could be misleading

Aston Villa Football Club Limited have published losses of £32 million for 2017/18. Kieran Maguire of the Price of Football comments, 'Take these figures with extreme caution as exclude player wages and player transfer amortisation, which are in the accounts of parent Recon Group UK whose accounts are overdue.'

Aston Villa Football Club had accumulated losses for all the years of trading of the club of £265 million at 31 May 2018.

Turnover for the year was £64.6m, a 9.1 per cent decrease on the previous year. Broadcasting, which includes Premier League and EFL, distributions accounted for 63 per cent of turnover at £40.3m (down nearly £8m).

Gate receipts were up by nearly £1.1m and represented 18 per cent of turnover. Commercial was down by nearly £2m and accounted for 12 per cent of turnover. Sponsorship was up by £2m and was 7 per cent of turnover. Training ground sponsorship from Hong Kong parent last year was worth £1.9 million to Aston Villa.

Wages for Aston Villa Football Club Ltd of £6m excludes players in 2017/18. Recon Group in 2016/17 had wages of £61m including players, just short of 100 per cent of turnover.

The new owners of Aston Villa are controlling the club via a Luxembourg company. The highest paid director received £438k.

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