, 12 tweets, 6 min read Read on Twitter
Aston Villa trading losses exceed £1 million a week in 2017/18 as holding company publish results. #AVFC
Villa parachute payments drop £8m but sponsorship up due to training ground deal #AVFC
Wages up £12 million to £73million as Villa count cost of John Terry and other loan deals but other employees count the cost as staff numbers fall by 270 #AVFC
Villa paid £106 in wages for every £100 of income in 2017/18. Income likely to fall by £25m in 2018/19 as in final parachute year.
Villa claim youth development spending, which is excluded from FFP calculations, rose by £5m in 2017/18. Club received £3m land compensation, perhaps HS2 related? #AVFC
Villa spent just £1.8 million on new players in 2017/18 but had sales of £32 million #AVFC
Whilst Villa didn’t sign many players in 17/18 they did have to pay £41 million in instalments on old purchases. Share issue brought in £69 million to rescue the club, loan repayments £48 million as the Xia regime was replaced #AVFC
Small print reveals parent company lost £71 million in 17/18 #AVFC
NWSE have put in £68 million to ensure Villa avoided liquidation in 2018 #AVFC
Villa's figures mean that Championship income was £701 million and wages were...err...£718 million, and this is WITH the benefits of parachute payments and EFL FFP rules.
Despite this Villa may be okay in terms of FFP as some costs are excluded. Have estimated that FFP losses for last two seasons are £25.1 million so maximum loss for 2018/19 is £13.9 million. Will be tough due to parachute payments falling but not impossible #AVFC
Total Championship trading losses £456 million (some figures are from 2016/17 for clubs who have not yet reported for 17/18)
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