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Aston Villa show loss of £81m for last financial year

Aston Villa recorded a loss of over £81million for the last financial year, according to the club's latest accounts.

Aston Villa are going through tought times on and off the pitch. Credit: PA

The figures for the 2015/16 period show that with an operating loss of £81.3million the deficit more than trebled, up from £26.6million, before Villa were relegated from the Premier League.

The club's statement states losses of £79.6million due to "exceptional items" but provides little explanation as to what these are, other than to say "for the impairment of tangible fixed assets and intangible assets".

Turnover fell from £115.7million in 2014/15 to £108.8 million, with the club attributing the drop in revenue to a reduction in their share of money from the FA Premier League's broadcasting agreements as a result of the final league standings.

Villa were relegated from the Premier League for the first time last season after finishing bottom of the table and are playing outside of the top flight for the first time in 30 years.

Dr Tony Xia completed his takeover of the club on June 14, 2016 so any figures associated with his purchase will not show until the 2016/17 accounts are published

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Aston Villa sign Barnsley captain Conor Hourihane

Credit: PA Images

Aston Villa have signed Conor Hourihane from Barnsley, the Championship clubs have confirmed.

The 25-year-old has signed a three-and-a-half-year deal for an undisclosed fee.

He joins former Barnsley team-mate James Bree and is Steve Bruce’s fifth signing of the transfer window.

Aston Villa are a massive club and I’m looking forward to a new chapter in my career and developing further as a player under Steve Bruce.

– Conor Hourihane

Aston Villa announce Lansbury signing

Henri Lansbury Credit: PA

Aston Villa have announced the signing of midfielder Henri Lansbury.

The 26-year-old arrives at the club on a four-and-a-half-year deal from Nottingham Forest for an undisclosed fee.

Lansbury, who came through the ranks at Arsenal under Arsene Wenger, becomes Steve Bruce’s second signing of the transfer window.

He said:

I am delighted to be here at Aston Villa.

As soon as I knew Aston Villa were interested, I wanted to come here.

– Henri Lansbury

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Minute's applause to be held at Midlands derby

Graham Taylor died of a heart attack on Thursday Credit: PA

Wolves and Villa fans will hold a minute's applause in memory of Graham Taylor ahead of tomorrow's Midlands derby.

The 72-year-old, who managed both clubs, died of a heart attack on Thursday.

Villa and Wolves players from past and present will lay flowers prior to kickoff and fans will be invited to take part in a minute's applause.

The flags at Molineux have been flying at half mast since news of Taylor's untimely death broke.

A four-page tribute will be included within Saturday's match day programme.

Appeal for clubs to stage tribute to Graham Taylor

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The English Football League is appealing for clubs to stage a minute's applause this weekend to honour popular Midlands manager Graham Taylor, who died at the age of 72.

The ex-Aston Villa manager died of a suspected heart attack at his home on Thursday.

Clubs will have the option of wearing black armbands in his memory ahead of the weekend's fixtures.

Tributes have been pouring in from across the football and entertainment world.

Graham Taylor's death was 'totally unexpected'

Graham Taylor's death was 'unexpected' Credit: BPM media

Graham’s family have this afternoon released a short statement, explaining that the death was entirely unexpected:

With the greatest sadness, we have to announce that Graham passed away at his home early this morning of a suspected heart attack.

The family are devastated by this sudden and totally unexpected loss.

– Family statement

Sir Doug Ellis, former Villa owner and chairman, who brought Taylor to the club on both occasions, spoke of his shock at the news this afternoon:

We had five years working together very well. I am shocked, absolutely shocked.

He died in his sleep, apparently. I wasn’t aware he had any illness.

– Sir Doug Ellis
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