northstandsteve
Well-known member
Doom & Gloom in every section between the ads !!!
Just watching McLeish being interviewed on the midlands local news - looks very tired and sounds like he won't be in a job past the end of the season.
Perfect job for Gus
Aston Villa announce record losses of £54m under Randy Lerner | Football | The Guardian
Lerner himself continues to fund the club, via an ultimate holding company also called Reform Acquisitions, registered in the US, and Villa said Lerner has invested a further £25m into the club. Companies House documents show the total Lerner has invested in return for shares is now £133m; he has also put money in as loans, but Villa did not release full figures, only the headlines of their financial results, so the total Lerner has invested is not yet known.
The scale of losses and of subsidy paid in by Lerner, at a time when clubs are seeking to move towards breaking even to comply with Uefa's "financial fair play" rules, partly explains why Villa decided they could not refuse the offers for Downing and Young. Since then, the club have tried to bring down the wage bill, although the figures for spending on wages were not released.
How many clubs are going to comply with Uefa's "financial fair play" rules? Something has to give.
£12m was compensation for sacking two managers
How much was Bent - about £23m?