Aston Villa News 24/7Writer: J P Fear 
Date:Thursday May 29 2008
Time: 11:22AM
UK time is: 23:58:30
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Villa Have 5th Highest Assets In UK
The Telegraph have an article today on 'What the Deloitte Annual Reviw of Football Finance means for the top four and the rest of the Premier League.'
Why the top four AND the rest? It isn't two divisions is it? Ok, maybe it is!
They list all the Premiership teams from last season.
6. Aston Villa: Villa finished the 2006/07 season with the fifth highest assets in the country (£35 million) and increased their home match attendances to 94.8 per cent of their 40,375 capacity stadium. They were also one of the top six investors in facilities in that season, injecting £9.9 million. However, their wage expenditure exceeded the income generated from revenue, leaving them £1.2 million in deficit. The club also recorded £63 million of debt in the summer of 2007.
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Your Comments
Are we bust then?
Gordonsleftboot
Guess that rules out spending very big on players given that the wage bill increased last season and Mr Barry has a double your money offer on the table. Makes you realise what would happen if Sky stopped broadcasting games.
Gordonsleftboot
If Sky stopped broadcasting games I would suggest that a little realism might creep into the football thinking. At present the wage demands, transfer fees etc are off the planet. Football clubs operate in some strange world not connected what is happening in the here and now. It is a greedy self centred environment with just one or two decent people around. But, if we are broke what is happening to the others?
Obediah
Why are Villa £63m in debt when Doug alway's said Villa were in the Black ? Has Randy bought us on a mortgage (like the Glaziers have with Man U ) ?
In normal business' you would be sent into receivership with those sorts of figures.
HolteEnder43
Randy did buy the Club for £62.6m but I didn't think that was a debt against the Club.
Hoss The Villain
If people still have them, check the Annual reports, under Ellis we were year on year creeping further into the red and living in an overdraft. The debt is probably a mixture of wages, previous debt from Ellis and the investment and nothing more than a paper accounting debt rather than anything to do with cashflow.
mike_field
no such thing as paper accounting debt - you either owe money to someone or you don't.
YatesyVillain
Last Years report is mentioned in this article
http://www.expressandstar.com/2008/02/15/villa-get-financial-boost/
Wayno...
Food for thought indeed. Very interesting article, but if I'm honest, I'm not exactly sure what the figures tell us.
glensider
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