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2023-24 Premier League Financials

Position
Revenue
(£m)
Loss
%
Loss Restate
%
Wage
% Revenue
Wage Restate
% Revenue
  • In a season that delivered a fourth placed Premier League finish and a semi final appearance in Europe's third competition:
     

  • Revenues

  • Villa's revenues were a record £276m

  • 8th highest in the League.

  • Significantly ahead of a comparable in Everton

  • Significantly behind Chelsea, Tottenham, Arsenal. Liverpool and Manchester City all of whom have long term records of qualification for European competition, and in some cases new stadium infrastructure to generate significant matchday income.
     

  • Pre Tax Losses

  • Villa posted the second worst loss % in the League (31%) in their 23-24 accounts, eclipsed only by Bournemouth (41%) however Everton (28%) run Villa close.

  • When adjusted for 12 months (see note below), Villa's loss falls to 19% in a similar position to Fulham, Palace and Chelsea (see note below) and below Bournemouth, Everton and Manchester United.

 

  • Two Year Losses

  • Villa have posted cumulative losses for 2022-23 and 2023-24 of £206m, this however needs to be adjusted due to the 13 month period to £173m

  • In comparison Arsenal lost £70m over the period, Everton £142m, Tottenham £121m, Wolves £81m, Newcastle £83m meaning Villa even post adjustment have the worst consecutive losses of any Premier League club

  • However a number of clubs have used exceptional items to 'cover' losses, Bournemouth saw a £77m shareholder loan write off that prevented a loss of £100m - their sixth loss in seven years, whilst Chelsea booked £275m across the period from two contentious asset sales to subsidiary companies that otherwise would have seen the London club lose £247m. Brighton took a similar approach to Bournemouth with a one off capital injection from owner Tony Bloom to stabilise their model.
     

  • Wages to Revenue

  • Villa's stated Wage to Revenue ratio is the highest of any club in the division.

  • However once restated to reflect 12 months (see note below) Villa are behind Forest, Fulham, Bournemouth and Everton on that measure, all of whom finished significantly below Villa in the 2023-24 table and who, unlike Villa, did not qualify for European football for the 2024-25 season.

  • Once restated Villa's ratio of 82% is actually a decrease on the 2022-23 accounts figure of 89% underlining the process already in place to derisk the wage bill.

  • Over the same period Arsenal, Bournemouth, Brentford, Brighton, West Ham and Fulham all saw increases in their ratio.

  • Only Everton decreased their ratio more than Villa having reduced their wages to turnover from 92% to 84% over the period.

  • Villa's qualification for Europe's premier competition - the Champions League - will mean significant increases to already record revenues in matchday income, broadcasting and sponsorship deals all of which will have a catalytic effect in the 24/25 accounts for a further reduction in the wage to turnover ratio.
     

Position
Matchday
(£m)
YoY Matchday
% Change
Broadcast
(£m)
Commercial
(£m)
  • Matchday Revenues

  • Villa Park generated a matchday income of £28m across the 2023-24 accounting period.

  • This is the 9th highest in the Premier League but signifcantly behind all those above them.

  • Surprisingly Villa's matchday income is equalled by Brighton who attract 10,000 lower home crowds than Villa.

  • Villa are ahead of comparable Everton who generate £19m however like Arsenal, Tottenham, Manchester City and West Ham they are due to be the latest club to move to a new over-capacity stadium that is likely to have a catalytic effect on their matchday revenues.

  • Without significant price increases it is unlikely Villa can improve on this position.

  • Remaining at Villa Park, emotive an issue as it is, is now very clearly a weak point for the club in revenue generation terms.

  • The success or otherwise of Everton's move is likely to have a significant influence on Villa's future strategy.

    Year on Year Change

  • Villa increased matchday revenue year on year by 47% - the highest of any club.

  • This was achieved despite the average attendance remaining 42,000.

  • Villa's straregy has been to increase the cost of entry as well as widening the options (and expense) for match going fans to choose how to consume their matchday experience.

  • It is a moot point whether Villa can continue to optimise this area given the unpopularity of Chris Heck as the figurehead for such changes.

    Broadcast Revenues

  • Villa's broadcast revenues - including participation in Europe's third competition - were the 5th highest in the League, level with Newcastle who competed in the Champions League.

  • Villa sit £20m+ ahead of the likes of Tottenham, West Ham, Brighton and Chelsea underlining the critical importance of league position and European qualification on driving club revenues.

  • It is expected that Villa's broadcast income will increase significantly, potentially to the 2023/24 level of Liverpool, through an extended run in the Champions League in 2024-25.

    Commercial Revenues

  • Villa's commercial income is the eighth highest in the League but at £60m it is simply nowhere near the top 5 clubs whose sponsorship income ranges from £218m (Tottenham) to £345m (Manchester City).

  • Villa are £20m adrift of comparable Newcastle United but are slightly more advanced than West Ham - despite their London base and recent European win - and are significantly ahead of Everton (£38m).

  • Villa increased their commercial revenues by 46% year on year from 2022-23 and it is expected a further double digit increase will be delivered through the increased attractiveness of the brand due to 2024-25 Champions League participation.

  • Villa's year on year increase was the third highest in the League behind Newcastle and Forest (although the latter was from a very low base).

     

Notes
Excludes relegated / promoted clubs
Aston Villa accounting figures are for a 13 month Financial Year. Restate figures are for the adjusted 12 month figure based on a simple pro-rating of the published numbers
Chelsea accounting figures include a £198m exceptional income item - the sale of their Women's team to a subsidiary company - that appears in their accounts but has not yet ratfied as legitimate by the Premier League.

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