{"id":285620,"date":"2011-03-01T13:55:43","date_gmt":"2011-03-01T13:55:43","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/01\/aston-villa-announce-37m-losses\/"},"modified":"2011-03-01T13:55:43","modified_gmt":"2011-03-01T13:55:43","slug":"aston-villa-announce-37m-losses","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/01\/aston-villa-announce-37m-losses\/","title":{"rendered":"Aston Villa announce \u00a337m losses"},"content":{"rendered":"<p><div>\n                        <!-- S BO --><br \/>\n<!-- S IIMA --><\/p>\n<div readability=\"7\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/e8e3ea92011170672-1.jpg\" width=\"466\" height=\"282\" alt=\"Aston Villa manager Gerard Houllier\" border=\"0\" vspace=\"0\" hspace=\"0\" \/><\/p>\n<p>Houllier could be faced with the prospect of pruning his squad<\/p>\n<\/p><\/div>\n<p>\t\t<br clear=\"all\" \/><!-- E IIMA --><!-- S SF --><\/p>\n<p><b>Aston Villa are looking to reduce their wage bill after revealing losses of \u00a337.6m for the year ending 31 May 2010.<\/b><\/p>\n<p>Wages at the club increased by \u00a39m to almost \u00a380m and now account for 88% of Villa&#8217;s \u00a390m turnover, which actually increased last season by \u00a36m. <\/p>\n<p>This included \u00a352m from television revenue while matchday turnover was \u00a324m and commercial income \u00a314.4m. <\/p>\n<p>The rise in turnover lifted Villa into Europe&#8217;s top 20 earning clubs for the first time. <\/p>\n<p><!-- E SF --><\/p>\n<p>The loss last season was \u00a39m less than the previous campaign but owner Randy Lerner provided \u00a312.5m during the campaign from a new share issue and a further \u00a312.5m in loan notes. <\/p>\n<p>He also funded the \u00a323.5m purchase of Darren Bent during the January 2011 transfer window. <\/p>\n<p>The American has invested more than \u00a3200m in equity and loan notes since taking charge at Villa Park in 2006 &#8211; and the club will need to reduce its reliance on Lerner if they are to comply with Uefa&#8217;s financial fair play regulations. <\/p>\n<p>The rules, which come into force in 2012-2013, mean teams in European competitions must break even over a rolling three-year period. <\/p>\n<p>Those clubs will only be allowed to incur losses of around \u00a339m over any three-season period. <\/p>\n<p>The losses for last season came during Martin O&#8217;Neill&#8217;s final campaign in charge at the club, with the Irishman resigning as manager in August. <\/p>\n<p>His replacement Gerard Houllier is understood to have have prioritised cutting the size of the Villa squad without reducing its quality. <\/p>\n<p>Bent, Kyle Walker and Michael Bradley arrived in January, while high-profile quartet John Carew, Steve Sidwell, Stephen Ireland and Curtis Davies left the club the same month. <\/p>\n<p>Carew and Ireland made temporary moves to Stoke and Newcastle while Sidwell and Davies were sold to Fulham and Birmingham respectively.\n<\/p>\n<p><!-- E BO --><\/p>\n<\/div>\n<p><img decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/e8e3ea92011170672-1-150x150.jpg\" \/><\/p>\n<p>More:<br \/>\n<a target=\"_blank\" href=\"http:\/\/news.bbc.co.uk\/go\/rss\/-\/sport1\/hi\/football\/teams\/a\/aston_villa\/9410582.stm\" title=\"Aston Villa announce \u00a337m losses\" rel=\"noopener noreferrer\">Aston Villa announce \u00a337m losses<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Houllier could be faced with the prospect of pruning his squad Aston Villa are looking to reduce their wage bill after revealing losses of \u00a337.6m for the year ending 31 May 2010. Wages at the club increased by \u00a39m to almost \u00a380m and now account for 88% of Villa&#8217;s \u00a390m turnover, which actually increased last season by \u00a36m. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-285620","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Aston Villa announce \u00a337m losses - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/01\/aston-villa-announce-37m-losses\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Aston Villa announce \u00a337m losses - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Houllier could be faced with the prospect of pruning his squad Aston Villa are looking to reduce their wage bill after revealing losses of \u00a337.6m for the year ending 31 May 2010. Wages at the club increased by \u00a39m to almost \u00a380m and now account for 88% of Villa&#039;s \u00a390m turnover, which actually increased last season by \u00a36m.\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/e8e3ea92011170672-1.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/01\/aston-villa-announce-37m-losses\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/01\/aston-villa-announce-37m-losses\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Aston Villa announce \u00a337m losses\",\"datePublished\":\"2011-03-01T13:55:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/01\/aston-villa-announce-37m-losses\/\"},\"wordCount\":319,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/01\/aston-villa-announce-37m-losses\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/e8e3ea92011170672-1.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/01\/aston-villa-announce-37m-losses\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/01\/aston-villa-announce-37m-losses\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/03\/01\/aston-villa-announce-37m-losses\/\",\"name\":\"Aston Villa announce \u00a337m losses - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/01\/aston-villa-announce-37m-losses\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/01\/aston-villa-announce-37m-losses\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/e8e3ea92011170672-1.jpg\",\"datePublished\":\"2011-03-01T13:55:43+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/01\/aston-villa-announce-37m-losses\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/01\/aston-villa-announce-37m-losses\/#primaryimage\",\"url\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/e8e3ea92011170672-1.jpg\",\"contentUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/03\/e8e3ea92011170672-1.jpg\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Aston Villa announce \u00a337m losses - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/03\/01\/aston-villa-announce-37m-losses\/","twitter_card":"summary_large_image","twitter_title":"Aston Villa announce \u00a337m losses - Ghanamma.com","twitter_description":"Houllier could be faced with the prospect of pruning his squad Aston Villa are looking to reduce their wage bill after revealing losses of \u00a337.6m for the year ending 31 May 2010. 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