He Aston Villa confirmed last night losses of 119.6 million pounds (140 million euros) in its year-end accounts, despite the season that saw it return to European football after more than a decade. The losses have raised concerns about the English club’s future transfer strategies amid the need to avoid breaking the league’s strict financial rules.
The Profit and Sustainability Regulations (PSR) allow teams to lose a maximum of £105m over three years, although investments in infrastructure, youth academies, charitable foundations and women’s football can be deducted so that the teams follow the rules.
“These numbers are in line with the strategic business plan and we continue to operate within the terms of profitability and sustainability of the Premier League,” the club said in a statement. “The owners of Aston Villa remain committed to the long-term sustainable development of the club, and we look forward to continued progress in the delivery of our PSR strategic plan.”
Aston Villa, currently on track to play in the Champions League next season, sit fourth in the Premier League. The PSR calculation also allows teams to deduct any losses due to COVID-19 costs in the two seasons affected by the pandemic.
Everton were docked 10 points in November for breaching the Premier League’s retention and revenue rules. The penalty was reduced to six points last week following an appeal. The Merseyside side face another possible points deduction after being accused of another breach of the league’s financial rules in January, along with Nottingham Forest. Manchester City, for its part, is facing charges for more than 100 alleged fair-play violations.
The ‘villains’ will play their Conference League round of 16 match against Ajax on Thursday and host Tottenham Hotspur in a Premier League match on Sunday. They are five points ahead of fifth-placed Spurs, although Tottenham have a game in hand.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
