Football
PA Sport 7y

Aston Villa record £81.3m operating loss as club's deficit trebles

Aston Villa recorded a loss of more than £81 million for the last financial year, the club's latest accounts have revealed.

Figures for the 2015-16 period show that with an operating loss of £81.3m the deficit more than trebled, up from £26.6m, before Villa were relegated from the Premier League.

The club's statement shows losses of £79.6m due to "exceptional items."

Turnover fell from £115.7m in 2014-15 to £108.8m, with the club attributing the drop in revenue to a reduction in their share of money from the Premier League's broadcasting agreements as a result of the final league standings.

Villa were relegated from the Premier League for the first time last season after finishing bottom of the table.

They are playing outside the top flight for the first time in 30 years.

Dr Tony Xia completed his takeover of the club on June 14 last year, meaning any figures associated with his purchase will not show until the 2016-17 accounts are published.

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