Aston Villa reveal losses of £57.3m as Premier League relegation looms
LONDON -- Aston Villa's new accounts have revealed losses of £57.3 million ($81m) as the club face a costly relegation from the Premier League.
In 2014-15, Aston Villa Football Club Limited generated £112.5m ($160m) in revenue but saw administrative expenses soar by more than 56 percent to £169m ($240m).
Villa reached the final of the FA Cup last season but finished 17th in the league, narrowly avoiding relegation last May.
Now the former European champions are stranded at the bottom of the Premier League and facing relegation. The loss of £57.3m followed a £1.6m profit in 2013-14.
American owner Randy Lerner is trying to sell the Midlands club.