Aston villa
Revealed: Aston Villa hit by crushing £205m blow after confirmed news Aston Villa recorded losses of £205million during Christian Purslow’s time as CEO at the club.
Revealed: Aston Villa hit by crushing £205m blow after confirmed news
Aston Villa recorded losses of £205million during Christian Purslow’s time as CEO at the club.
The Midlands club announced this week that Purslow will be stepping down as Villa CEO after five years in charge.
Purslow was appointed in 2018 following the takeover by Wes Edens and Nassef Sawiris and a Companies House filing confirmed that he has had his employment terminated on June 12.
During Purslow’s time in charge, he oversaw the club’s promotion to the Premier League and rise to European football this season.
But the club’s on-pitch success under Purslow has come at a steep financial cost, with Villa losing a cumulative £205million during his tenure.
As per the club’s official accounts, Villa made a loss of £68.9million in 2019 – Purslow’s first full year as CEO and the year in which the club achieved promotion to the top flight.
That figure stooped to a loss of £99.5million in 2020 as the club spent heavily on summer transfers in preparation of their Premier League return.
Villa’s finances improved marginally in 2021 but the club still recorded an overall loss of £36.9million, with the wage bill rising to £137.8million – a huge increase from the £108million bill from the year prior.
Villa recorded a profit for the first time under Purslow in 2022, with the club accounts showing a profit after tax of £300,000.
However, that figure was largely inflated by the £97.4million received from the sale of Jack Grealish to Manchester City.
Regardless, Villa reinvested well over the summer and managed a seventh-placed finish in 2022/23.
Overall, Football Insider can reveal that Purslow recorded losses of £205million during his stay at Villa Park, but he also led the side from the Championship to European football in that time.
In other news, Aston Villa agree deal after breakthrough – two new signings close
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