Wednesday briefing: Aston Villa post £119.6 million loss for 2022/23

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Aston Villa have announced a £119.6 million loss after tax for the year ending 31st May, 2023, after achieving a small profit of £0.3 million the previous year.

A key factor in the huge deficit was a 42 per cent increase in the club’s wage bill, which reached £194.2 million, compared with £137 million in 2021/22.

Turnover rose to £217.7 million, up from £178.4 million, largely due to the extra revenue from the team’s seventh place finish in the Premier Leagu

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