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Aston Villa announce £81.3m loss

:Headline: Aston Villa announce £81.3m loss: ID:292833: from db_amp
Aston Villa announce an operating loss of £81.3m in their final season in the Premier League.

Aston Villa recorded an operating loss of £81.3m in their final season in the Premier League, the club have announced.

The figures for the 2015-16 accounting period saw a reduction in turnover from £115.7m to £108.8m, primarily as a result of reduced TV revenue due to their league standings.

The club said that the trebling of their deficit was down to £79.6m of "exceptional items" but declined to provide further explanation of the figure.

Dr Tony Xia took over the club in a £76m deal in June 2016, so the financial impact of his takeover and the club's relegation to the Championship will not be reflected until the next annual statement.

Villa are almost certain not to bounce back to the top flight at the first opportunity, currently sitting 16 points adrift of the playoff places in the Championship table.

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3Chelsea126422314922
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5Brighton & Hove AlbionBrighton126422116522
6Tottenham HotspurSpurs1261527131419
7Nottingham ForestNott'm Forest125431513219
8Aston Villa125431919019
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10Newcastle UnitedNewcastle125341313018
11Brentford125252222017
12Manchester UnitedMan Utd124441313016
13Bournemouth124351617-115
14West Ham UnitedWest Ham124351519-415
15Everton122551017-711
16Leicester CityLeicester122461523-810
17Wolverhampton WanderersWolves122372028-89
18Ipswich TownIpswich121651323-109
19Crystal Palace121561017-78
20Southampton121110924-154
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