Villa Make 37 mill Loss

hertsblue

Well-Known Member
Joined
20 Feb 2008
Messages
20,853
VILLA REVEAL £37M LOSSES
Posted 01/03/11 11:58EmailPrintSave

Aston Villa are aiming to manage their escalating wage bill while remaining competitive on the pitch after suffering losses of more than £37million for the year ending May 31, 2010.

The midlands club saw wages increase to almost £80million last season - an increase of £9million and they now account for 88% of the club's £90million turnover.

But Villa sources are confident they will comply with UEFA's financial fair play regulations by the time they are in force by the beginning of the 2013-2014 campaign.

The regulations will force clubs to live within their means, something Villa insist they are striving to achieve despite the backing of American owner Randy Lerner.

Villa manager Gerard Houllier was made aware of the situation when he took charge nearly six months ago.

The aim is not to reduce the number of quality players at his disposal but to trim the squad to ensure those on sizeable wages while making little meaningful contribution are moved on.

In January, John Carew, Steve Sidwell, Stephen Ireland and Curtis Davies - four high-profile players on substantial wages who have made minimal impact at Villa this season - were off-loaded.

Carew and Ireland made temporary moves to Stoke and Newcastle while Sidwell and Davies were sold to Fulham and Birmingham respectively.

The sources also pointed out that having an owner like Lerner is dissimilar to the situations at Manchester United and Liverpool where massive loans were taken out against the two clubs.

The US billionaire has injected £115.6m in equity and another £89.6m has come in through shareholder loans.

Increased turnover means Villa have become one of the top 20 earning clubs in Europe for the first time.

This included £52million from television revenue while matchday turnover was £24million and commercial income £14.4million.
 
The midlands club saw wages increase to almost £80million last season - an increase of £9million and they now account for 88% of the club's £90million turnover.


By contrast, Tottenham Hotspur's wage bill was £59.1 million on a turnover of £113 million, which represents 52.3% of our turnover...

...no doubt Spurs' wages will increase for the year ending 31st December 2010, but we do have an estimated extra £40 million income generated from our UEFA Champions League exploits.
 
Juventus also

Juventus football club suffers 39m euros loss
This has not been a highly successful season for Juventus.

Italian football giant Juventus lost 39.5m euros (£33.5m) in the first half of the 2010/11 season, compared with a 14.2m euros profit a year earlier.

Revenue for the period was 88.8m euros, down 29% on the 125m euros figure in the same period 12 months before.

The club's revenues have been hit by only competing in the Europa League, rather than the Champions League.

It has also been affected by changes to the way Italian clubs share money from television rights.

The board of the Turin-based club said it was predicting "a significant loss" for the 27-times Serie A champions between now and the end of the season.

The club is seventh at the moment in Serie A, seven points outside the Champions League qualification spots.

'Confident'

"Economic trends in the 2010/11 financial year were negatively influenced by the club's failure to qualify for the UEFA Champions League, implying lower revenues from European competitions and lower commercial revenue, as well as the effects stemming from the regulations of the centralised sale of [Italian] television rights coming into force," the club said in a statement.

"Accordingly, on the basis of the information currently available and in the absence of any extraordinary events, the 2010/11 financial year is expected to close with a significant loss.

"Nonetheless, the company is confident it has the resources necessary to tackle the negative trend of the current financial year."

Libyan leader Muammar Gaddafi's Libyan Arab Foreign Investment Company SA, or Lafico, owns a 7.5% stake in the club.

However, the future of this stake has been clouded in uncertainty in the past week.
 
Thing is Villa fans keep going on about what happened to us is a disgrace but in reality Lerner is doing the same with them as Sheikh Mansour, just on a smaller scale.

Either you are against rich benefactors or you are not. It doesn't operate on a sliding scale basis.
 
Who we buying off them next season to keep them solvent?
 
THFC6061 said:
The midlands club saw wages increase to almost £80million last season - an increase of £9million and they now account for 88% of the club's £90million turnover.


By contrast, Tottenham Hotspur's wage bill was £59.1 million on a turnover of £113 million, which represents 52.3% of our turnover...

http://www.myfootballfacts.com/PremierLeagueFinances.html

...no doubt Spurs' wages will increase for the year ending 31st December 2010, but we do have an estimated extra £40 million income generated from our UEFA Champions League exploits.

+ an extra 35 mil or so next season when Bale is sold in the summer :D
 

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top
  AdBlock Detected
Bluemoon relies on advertising to pay our hosting fees. Please support the site by disabling your ad blocking software to help keep the forum sustainable. Thanks.