The Long Awaited Accounts....

[eamonn]

Kieran did well, very well!

We never get this granular level of detail for the accounts usually, do we? Just, top-line, abridged numbers.

[hipkiss92]

Can anyone translate this into meaningful English?

https://twitter.com/kieranmaguire/status/1498914235983802370?s=21

Our owners are minted, we have no debt, JG money not in the accounts yet and will keep us well clear of FFP.

[eamonn]

Interesting the difference in revenue we get for an international friendly compared to a concert (almost twice as much, if i've read the lines right?).

[Brazilian Villain]

Can anyone translate this into meaningful English?

https://twitter.com/kieranmaguire/status/1498914235983802370?s=21

Our owners are minted, we have no debt, JG money not in the accounts yet and will keep us well clear of FFP.

Seems to be about right from a cursory glance. Nice to see the transparency and detailed analysis wrt the impact of Covid.

This also made me smile...

"Most commentators* consider this to be best way of funding.

*except for 50% of Glasgow residents"

[SaddVillan]

Interesting the difference in revenue we get for an international friendly compared to a concert (almost twice as much, if i've read the lines right?).

For a concert, we'd be getting a fee for hiring out the stadium and depending on the deal with the promotor, a slice of the drinks and refreshment sales. Not sure how many tickets would sell, but probably less than overall ground capacity.

Not sure how it would work with The FA in terms of splitting the income/revenue for an internationaal.

[Somniloquism]

Interesting the difference in revenue we get for an international friendly compared to a concert (almost twice as much, if i've read the lines right?).

For a concert, we'd be getting a fee for hiring out the stadium and depending on the deal with the promotor, a slice of the drinks and refreshment sales. Not sure how many tickets would sell, but probably less than overall ground capacity.

Not sure how it would work with The FA in terms of splitting the income/revenue for an internationaal.

 I would have thought if a sell out it could be more depending on staging etc. In the round for example could be all four Stadia AND pitch. Although I think any profits from Take That one several years ago was spent on clearing up the Piss and broken wine bottles / glasses if I remember Hookey's take on it.

[Nev]

Can anyone translate this into meaningful English?

https://twitter.com/kieranmaguire/status/1498914235983802370?s=21

Ask a 'nose.

[dave.woodhall]

Interesting the difference in revenue we get for an international friendly compared to a concert (almost twice as much, if i've read the lines right?).

For a concert, we'd be getting a fee for hiring out the stadium and depending on the deal with the promotor, a slice of the drinks and refreshment sales. Not sure how many tickets would sell, but probably less than overall ground capacity.

Not sure how it would work with The FA in terms of splitting the income/revenue for an internationaal.

 I would have thought if a sell out it could be more depending on staging etc. In the round for example could be all four Stadia AND pitch. Although I think any profits from Take That one several years ago was spent on clearing up the Piss and broken wine bottles / glasses if I remember Hookey's take on it.

We hire out the ground for both. The promoter or FA take the gate money; we have the corporate and catering.

[eamonn]

Seems a bit crass to refer to the official site as Pravda at the moment, but here is the official club comment on the release of the accounts with details on the expansion of Villa Park:

Aston Villa reports record turnover despite COVID challenges


The rebuilding of Aston Villa continued apace despite the challenging conditions posed by the pandemic, Aston Villa Group’s End of Year Accounts for the year ended May 31st 2021 confirm.

Premier League progress, with the team finishing 11th compared to 17th in the previous season, helped see turnover grow to £183.6m from £112.6m in the previous financial year.

The Club’s long-term strategic plan developed since our Owners Wes Edens and Nassef Sawiris purchased the club in 2018, is to develop, recruit and secure talented young players on long-term contracts to build asset value in our playing squad and to ensure long term sustainability. Continuing on that pathway in this financial year, an additional investment of £101.4m was made in the playing squad with players including Emi Martinez, Ollie Watkins and Matty Cash joining.

Although the impact of the COVID 19 pandemic cost the club an estimated £36.6m; primarily due to loss of matchday revenue and rebates of Premier League broadcasting funding, losses before tax were down to £37.3m from £99.5m in the previous year, a 62.5% reduction.

The impact of the COVID 19 pandemic across both this reporting year and the previous financial year had an estimated cumulative effect totalling £56m in lost revenues and other costs.

During the pandemic the unwavering financial support of our Owners, who provided further new funding into the club by way of £97m of new shareholder equity, enabled Aston Villa to be one of the first clubs in the Premier League to decide not to utilise public funds via the Coronavirus Retention Scheme and not to furlough any members of staff. The Club continued to pay all employees throughout the Coronavirus period, including all our casual and matchday employees.

On Pitch Performance
On the pitch, the first team’s 11th place finish in the Premier League was achieved with a return of 55 points. The most notable win of the season coming from a 7-2 victory over Liverpool at Villa Park in October 2020.

Although progress in both cup competitions was disappointing, the performance in the 1-4 defeat by Liverpool in the FA Cup 3rd Round was especially memorable. A COVID outbreak in the first team squad resulted in a team made up entirely of Academy players being fielded against the Premier League Champions with the Villa youngsters acquitting themselves brilliantly in a game shown on global TV.

This performance, from a team comprised of teenagers, epitomised the progress made by our Academy in the year, culminating in our Under 18s lifting the FA Youth Cup in May 2021 when they avenged the FA Cup loss at the hands of Liverpool by defeating their U18s 2-1 in the final at Villa Park.

Our Women’s team secured their top-flight status in the WSL in their debut season thanks to a strong finish to the campaign and have now created a pathway for home-produced players to make it into elite football from our Girls’ Academy.

Building a Brighter Future
We were honoured to welcome Prince William, The Duke of Cambridge, to our Bodymoor Heath Training Ground in April where his Royal Highness officially opened the new High Performance Centre. Our playing squads will derive long-term benefit from the investment in creating a world-class facility and an elite athletic working environment.

The Duke also saw the work that The Aston Villa Foundation has continued to provide to our communities in the City reaching out to some of the most vulnerable members of society. Through strong partnerships with statutory services and local voluntary and community organisations, the Foundation has focussed its efforts on addressing some of the societal issues which the covid pandemic has highlighted. The charity has significantly developed its offer providing engagement, opportunity and support for inner-city young people, further establishing a range of programmes to support mental health and wellbeing amongst children and the working age population, and several initiatives to provide training, qualifications and employment support for residents across the city.

Preliminary designs have been created to transform our iconic home at Villa Park including building a new North Stand, upgrading and expanding our hospitality facilities and creating an entirely new venue to bring our retail and merchandising activities, as well as other entertainment activities, into the 21st century. Capacity of the stadium would increase to over 50,000 upon completion of the first phase.

The plans would enable more Villa fans to enjoy a newly enhanced matchday experience as well as being a catalyst for change in our community and neighbourhood.

The Club will be embarking on a full public consultation with all stakeholders over the coming months to help shape the planning application and to ensure that the proposals fully acknowledge and incorporate the needs of the local community, the City and the wider West Midlands region.

We have appointed a full multidisciplinary design and engineering team to develop finalised designs and plans in time for a summer 2022 planning application.

Our new central Birmingham satellite academy at Brookvale, adjacent to Villa Park, has received planning permission and we are expecting construction to begin shortly.

Full consolidated Group accounts for NSWE UK Limited and NSWE Sports Limited will be published in the coming days.

[Toronto Villa]

We really are so fortunate to have been rescued, literally by Nas and Wes.

[ChicagoLion]

We really are so fortunate to have been rescued by Nas and Wes.