Latest Aston Villa news from BirminghamLive as club’s latest accounts on Companies House website reveal new potential liabilities
Aston Villa could have to fork out more than £61m in transfer add-ons, the club’s latest accounts reveal.
Villa’s figures, up to May 31, 2023, have been published on the Companies House website overnight and confirm the “maximum” amount Villa may have to spend in add-ons on players signed is £61.5m.
“The terms of certain contracts with other football clubs in respect of the acquisition of players’ registrations include the payment of additional amounts upon the fulfilment of specific conditions in the future,” the club confirmed. “The maximum unprovided liability which may arise in respect of these players at 31 May 2023 is £61.5m.”
The club’s latest accounts also reveal Villa spent almost £68m on players in the last two transfer windows, while player sales totalled £40.3m. Villa also borrowed a further £60m from owners Nassef Sawiris and Wes Edens after May 31, 2023.
Villa have reported a loss of £119.6m in their latest accounts up to May 31, 2023. Villa confirmed the figures on Monday and stated they are “in line with the strategic business plan” and within the Premier League’s profit and sustainability rules. PSR rules permit losses of up to £105m in a three-year spell.
A club statement read: “The owners of Aston Villa remain committed to the long-term and sustainable development of the club, and we look forward to continued progress on the delivery of our strategic plan.”
Sawiris also made a directors’ statement in a 26-page document published on Companies House on Wednesday . It reads: “The Board of Directors have acted in a manner they consider most likely to promote the success of the company for the benefit of its members and stakeholders in the decisions taken during the year.
“The key relationships of the business are those with its supporters, staff, local community, commercial sponsors and governing authorities, and the company engages proactively with these stakeholders to ensure good relationships are maintained.
“The relationships between the company and other members of the group are primarily guided by a shareholder agreement.”
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