Aston Villa blamed for significant losses at the conclusion of the previous fiscal year.

Aston Villa, one of the English Premier League’s UEFA Champions League competitors at the end of the current season, disclosed its financial status at the conclusion of the previous campaign, which concluded on May 31, 2023.

The club states on its official website that the first team’s performance has improved since the change in sporting leadership in October 2022, leading to the team’s best finish since 2010—seventh place in the Premier League.

Aston Villa sold players for £22 million and purchased players for £63.7 million during the fiscal year. Due to an increase in headcount of 9%, wage costs also increased, from £137 million to £194 million. Player contract amortization grew by £10 million to £92.5 million.

The club invested an additional £13.4 million in the stadium’s infrastructure because Villa Park will host UEFA Euro 2028 events.

Villa summarizes that the team lost £119.6 million after taxes at the end of the previous fiscal year. Aston Villa had made £0.3 million in profit prior to that. The club also points out that these numbers are consistent with the strategic business plan.