Aston Villa 'lost £1m-a-week' in failed promotion bidpublished at 10:49 Greenwich Mean Time 6 March 2019
Allen Cook
BBC News
Aston Villa lost more than a £1m a week last season , externalas the club failed to regain their place in the Premier League.
The latest accounts of their owners Recon confirm Villa experienced "significant liquidity problems" before a change in ownership.
Before taking into account any player transfers, the figures show a loss of £54m in 2018.
A report on the accounts says, while the club fully complied with the football league's financial regulations in the 2017-18 season, they'll continue to "provide a significant challenge" while Villa are in the Championship.
In July, the club announced billionaire businessmen Wes Edens and Nassef Sawiris would inject "significant investment" into Villa after they failed to get promoted back to the Premier League.