Aston Villa Post Turnover Growth Despite Challenges

Aston Villa has seen turnover grow despite the challenging conditions posed by the pandemic, according to their End of Year Accounts for the year ended May 31st 2021.

Premier League progress, with the team finishing 11th compared to 17th in the previous season, helped see turnover grow to £183.6m from £112.6m in the previous financial year. 

Although the impact of the Covid 19 pandemic cost the club an estimated £36.6m; primarily due to loss of matchday revenue and rebates of Premier League broadcasting funding, losses before tax were down to £37.3m from £99.5m in the previous year, a 62.5% reduction.

The impact of the Covid 19 pandemic across both this reporting year and the previous financial year had an estimated cumulative effect totalling £56m in lost revenues and other costs.

During the pandemic, Villa’s owners provided further new funding into the club by way of £97m of new shareholder equity, enabling the club to be one of the first clubs in the Premier League not to utilise public funds via the Coronavirus Retention Scheme and not to furlough any members of staff.

The club continued to pay all employees throughout the Coronavirus period, including all casual and matchday employees. 

Full consolidated Group accounts for NSWE UK Limited and NSWE Sports Limited will be published in the coming days.