Aston Villa exec says club was hours from PSR breach this summer

Aston Villa executive Damian Vidagany has claimed that the club was recently hours away from breaching profit and sustainability rules (PSR). The West Midlands club previously revealed losses of $151 million in the spring. Financial rules, however, state that Premier League teams cannot exceed $137 million in losses over three years. Because of their precarious […]

Aston Villa executive Damian Vidagany has claimed that the club was recently hours away from breaching profit and sustainability rules (PSR). The West Midlands club previously revealed losses of $151 million in the spring. Financial rules, however, state that Premier League teams cannot exceed $137 million in losses over three years.

Because of their precarious position, Villa bosses had to make some major moves this summer. This came even though the club secured a place in this season’s lucrative Champions League. Manager Unai Emery guided the Villans to fourth in the Premier League standings following the 2023/24 campaign. As a result, the team will now feature in the top club competition in Europe for the first time in over 40 years.

Despite receiving much-needed Champions League funds, Villa had to rush to sell a key player before July 1st. This is the first official day of the new 2024/25 financial calendar. Selling a star before the new financial year began allowed the club to put the created funds towards their previous losses.

Transfer involving a star midfielder completed just in time

Villa had seemingly agreed a deal to sell Douglas Luiz to Juventus in May. The Brazilian midfielder was one of the team’s standout players in recent years. Selling the star at this time would have given Villa plenty of time before the self-proposed deadline. Nevertheless, Juve eventually negotiated key aspects of the deal for more than a month.

Rather than paying Villa’s asking price for Luiz, the Old Lady insisted on including two players in the deal. Ultimately, the dynamic midfielder…

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Author : Chris Moore

Publish date : 2024-09-04 16:05:08

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