Demitri_C Posted March 2, 2022 Share Posted March 2, 2022 Quote Aston Villa reveal drastically reduced losses as NSWE publish latest accounts Here's Aston Villa's important financial results for the year ending May 31, 2021 Aston Villa have published their accounts for the financial year ending on May 31, 2021, after a Covid-hit Premier League season. The club has announced losses of £38million, which is a figure drastically reduced from £100million the year before. Meanwhile, revenue has increased from £36million to £71million, largely due to higher broadcast income. Villa's income has increased, despite the impacts of Covid through the 2020/21 campaign due to broadcast revenue increasing, as well as the club's higher league finish of 11th place compared to 17th the previous season. League position has accounted for around £13million of revenue, while their losses reduced to £38million. Villa's total losses over the years of £584million is the third highest in Premier League, after Chelsea and Manchester City. Though, their balance sheet is shored up through big cash share issues to co-owners Nassef Sawiris and Wes Edens. The club's wage bill has also spiked to £29million, with the average weekly wage around £64,000. In the 2020/21 season, Villa bought players for £101million and took in sales of £9million. Clicky Still making a loss but vastly reduced to previous year. This I don't think includes Grealish money so we should be in profit potentially next window 1 Link to comment Share on other sites More sharing options...
Popular Post Rich192 Posted March 2, 2022 Popular Post Share Posted March 2, 2022 Here’s a good thread with more detail and analysis. 5 Link to comment Share on other sites More sharing options...
The Fun Factory Posted March 2, 2022 Share Posted March 2, 2022 So our turnover went up by £70 million the season in which there was no match day crowds? Kind of makes our hard earned season tickets look like chicken feed. 2 Link to comment Share on other sites More sharing options...
DevonIsAPlaceOnEarth Posted March 2, 2022 Share Posted March 2, 2022 Some very clever comments in these accounts regarding impact upon transfer fees received. This could be a pre-emotive strike to fend off future questions regarding FFP rules. All hail our gracious benefactors. 1 Link to comment Share on other sites More sharing options...
VillaChris Posted March 2, 2022 Share Posted March 2, 2022 What's the wage bill looking like these days? Obviously in MON days it was 80% + compared to turnover which was causing issues once Lerner didn't want to fund things so much. Of course Grealish was highest paid player at club by a distance but likes of Ings, Bailey and Buendia will be on 100k salaries I reckon as that's what 30m signings demand. Digne aswell who'll likely be double Targett's wages. Guess we'll try to unload one of them in the summer particularly if we want to get Coutinho in full time. Link to comment Share on other sites More sharing options...
CVByrne Posted March 2, 2022 Share Posted March 2, 2022 Interesting in how costs from player amortisation dropped from 70m to 56m. That's confusing me a bit. I assume that is due to extending player contracts which then spread remaining amortisation over longer period. But we signed quite a few players too, albeit in the later window so from September. Obviously this seasons accounts will have a big profit in relation to Jacks sale and a full season of fans back. Link to comment Share on other sites More sharing options...
ender4 Posted March 2, 2022 Share Posted March 2, 2022 Covid cost Villa £56 million in revenue over the 2 years. Link to comment Share on other sites More sharing options...
LoughboroughLion Posted March 2, 2022 Share Posted March 2, 2022 For me the key message is our spending and balance sheet is funded via share issue and equity rather than interest bearing loans. We knew it already bc of companies house filings, but it signals interest and intent from the owners. 2 Link to comment Share on other sites More sharing options...
blandy Posted March 2, 2022 Moderator Share Posted March 2, 2022 59 minutes ago, VillaChris said: What's the wage bill looking like these days? £137,799 (includes social security and pension for all employees). £122 million excluding pension and social security) out of 182,383 million turnover - so 75% or thereabouts. 1 Link to comment Share on other sites More sharing options...
blandy Posted March 2, 2022 Moderator Share Posted March 2, 2022 Also of note is that if the Covid losses are excluded, the club basically broke even, which perhaps explains why they (NSWE) took out the overdraft facility for the future, rather than maybe looking to continue funding via buying their own shares. Link to comment Share on other sites More sharing options...
tomav84 Posted March 2, 2022 VT Supporter Share Posted March 2, 2022 2 hours ago, The Fun Factory said: So our turnover went up by £70 million the season in which there was no match day crowds? Kind of makes our hard earned season tickets look like chicken feed. yeah i always chuckle when i hear fans say "we pay their wages" when the players play crap. we really dont...sky do. Link to comment Share on other sites More sharing options...
Stevo985 Posted March 2, 2022 VT Supporter Share Posted March 2, 2022 13 minutes ago, tomav84 said: yeah i always chuckle when i hear fans say "we pay their wages" when the players play crap. we really dont...sky do. Where do Sky get that money? 2 Link to comment Share on other sites More sharing options...
The Fun Factory Posted March 2, 2022 Share Posted March 2, 2022 1 hour ago, Stevo985 said: Where do Sky get that money? Poor saps who pay them over £30 a month. And advertising money. 1 Link to comment Share on other sites More sharing options...
JAMAICAN-VILLAN Posted March 2, 2022 Share Posted March 2, 2022 So in layman terms, this is good? I assume next season we should be even healthier with the 100 mill injection and increased revenue from matches and TV etc. Link to comment Share on other sites More sharing options...
Demitri_C Posted March 2, 2022 Author Share Posted March 2, 2022 3 hours ago, Stevo985 said: Where do Sky get that money? Not from me 1 Link to comment Share on other sites More sharing options...
maqroll Posted March 2, 2022 Share Posted March 2, 2022 Everything is looking very positive. Link to comment Share on other sites More sharing options...
OutByEaster? Posted March 2, 2022 Moderator Share Posted March 2, 2022 There's a link to the full accounts here for those that are of a mind. Link to comment Share on other sites More sharing options...
OutByEaster? Posted March 2, 2022 Moderator Share Posted March 2, 2022 Who did we have on loan at the end of last season that cost us £572k in wages and fees because of the extension to the season? Blimey - that's more than half a million pounds for an extra three months of Ross Barkley! Link to comment Share on other sites More sharing options...
OutByEaster? Posted March 2, 2022 Moderator Share Posted March 2, 2022 Skimming through, you can't help but realise how lucky we are to have these owners and how well run we are under them. We're building on very solid foundations. 4 Link to comment Share on other sites More sharing options...
Keyblade Posted March 2, 2022 Share Posted March 2, 2022 2 minutes ago, OutByEaster? said: Skimming through, you can't help but realise how lucky we are to have these owners and how well run we are under them. We're building on very solid foundations. Just need to make it count on the pitch soon. 2 Link to comment Share on other sites More sharing options...
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