JUST IN: Stefan Borson’s verdict follows the verified £50 million Aston Villa news.
Aston Villa’s owners have put an additional £50 million into the club to assist cover the significant losses at Villa Park.
Finance expert Stefan Borson believes the West Midlands giants’ financial situation will improve if they perform well in the Champions League this season and qualify for the competition (exclusive to Football Insider).
On October 8, a Companies House report stated that the Villa owners have invested an additional £50 million in the club through new shares.
The share issuance is the latest show of support from Villa Park’s owners, Nassef Sawiris and Wes Edens (NSWE), who have provided financial support since their takeover in 2018.
On September 6, Football Insider reported that the duo had invested £44 million in the club through a similar arrangement. Villa’s latest accounting for 2022-23 showed £217.7 million in income and a wage bill of £194.2 million.
Aston Villa owners need to continue injecting money after losses
Borson insisted NSWE are going to need to continue putting money into the club while their revenue and wage bill figures are at a similar level. “They have got to pay the bills,” Borson told Football Insider. “They need the cash in the club because they are loss making. “Villa are one of the clubs with a high pay expense in relation to revenue. “It will increase if they can continue to qualify for the Champions League on a regular basis, as well as if they have a successful Champions League season this year
Get more related news on https://sportviewers.com
Leave a Reply