The accounts of Aston Villa will show large-scale losses for the 2020 financial year.
That is according to finance expert and new Football Insider columnist Kieran Maguire, speaking exclusively as Villa would usually be gearing up to release their annual report.
Villa’s last accounts published on 3 March in 2020 posted losses of £68.9million and proved they remained very much reliant on external investment from owners Wes Edens and Nassef Sawiris.
Amid the financial and bureaucratic turmoil of the pandemic however, the government have granted companies a three-month extension to file their accounts and avoid financial penalties.
Maguire nonetheless anticipates the figures to make gruesome reading for Villa fans when they are released, based on what he’s seen across the board at Premier League clubs.
“Legally, the chancellor has given them an extra three months, that’s not until June,” he told Football Insider correspondent Adam Williams.
“But I would expect them to have lost money, simply because everyone’s losing a fortune. We’ve seen Everton, Brighton, Southampton, Spurs, all of these established clubs, all losing money.
“They’re not clubs you associate with brash spending.
“If they’re all racking up losses and Villa have got the costs of their first season in the Premier League too, I’d expect there to be a fair amount of red ink on those accounts.”
Edens and Sawiris — through their joint venture NSWE — have been majority shareholders at the club since July 2018.
Their 2020 accounts would have looked far worse had the owners not financed the purchase of Villa Park for £56.7m via a subsidiary company before leasing it back to the club.