Aston Villa have published the results for their latest financial year showing losses of more than £85m. The club said this is "in line with the strategic business plan".
The Premier League outfit generated losses of £85.4m in the 13 months to 30 June 2024, compared with a larger loss of £119.6m in 2023.
A statement from the club said these figures "are in line with the strategic business plan, and we continue to operate within the Premier League’s Profit and Sustainability rules".
Revenues increased by 27 per cent from £217.7m to £275.7m, bolstered by finishing fourth in the Premier League versus a seventh place finish in the prior period, as well as a cup run to the semi-finals of the UEFA Europa Conference League.
The team are currently in the quarter-finals of the UEFA Champions League, semi-finals of the FA Cup and competing in the league for European places.
Aston Villa highlighted that capital investment jumped from £13.4m to £16.4m.
This investment "continued into 24/25 with a complete revamp of all our hospitality lounges in advance of our Champions League return, as well as investments in our new retail store, fan experiences and the wider stadium".
"These enhanced experiences are a key part of our commercial strategy to increase revenue and improve the long-term financial strength of the club," Villa added.
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Aston Villa post losses of more than £85m in newly published results
The Premier League outfit generated losses of £85.4m in the 13 months to 30 June 2024 (image credit: Aston Villa)