Finance guru: Aston Villa fans are ‘loving it’ as £71m paperwork submitted
The “feel-good” factor has returned to Aston Villa – and there has been major progress in the financial department too.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about Villa’s accounts for the year ending 31 May 2021.
The paperwork, which was submitted to Companies House last Wednesday (2 March), showed Villa lost £37.3million over the financial year.
But losses fell from nearly £100m last year, while total revenue shot up by exactly £71m to a club-record £183.6m.
The elimination of matchday income was offset by a spike in broadcast income because dozens of televised matches were deferred from 2019-20.
Villa finished 11th last season and, after a shaky start to 2021-22, occupy the same position with 12 matches left to play.
Plumley hailed the club for its steady performance both on and off the pitch.
“It’s a really good set of figures,” the Sheffield Hallam University expert told Football Insider‘s Adam Williams.
“They’ve been boosted by the return to the Premier League. The boost in broadcast income also made a big difference to the overall picture.
“Those losses have reduced. They’ve also estimated the total cost of Covid at £56m.
“They seem to be a club heading in the right direction both on and off the pitch.
“I’m sure the fans are loving it, the feel-good factor. The atmosphere seems strong at Villa.”
Villa recorded their biggest league win of the season last Saturday (5 March), thumping Southampton 4-0.
Steven Gerrard’s side take on struggling Leeds United on Thursday (10 March).
In other news, Noel Whelan suggests Steven Gerrard “on his knees pleading with the board” to seal “sensational” Aston Villa deal.