Aston Villa's £135m transfer plan as Jack Grealish point made

Former Aston Villa captain Jack Grealish joined Manchester City for £100m in the summer of 2021
-Credit: (Image: Michael Regan - The FA/The FA via Getty Images)

Aston Villa were hoping to leave the Premier League AGM with more flexibility around spending and financial losses as the club is close to the line in terms of the Profit and Sustainability Rules' (PSR) maximum £105m losses over three years.

According to reports, Unai Emery faces losing one of his key players before the end of the month, but Villa have reportedly failed to push through a proposal to increase the PSR limit by £30m to £135m during today's meeting. The club announced losses of nearly £120m in 2023, but said the figures are "in line with the strategic business plan" and crucially, within the Premier League's profit and sustainability rules.

Villa made a profit of £300,000 in their 2021-22 accounts, helped by the sale of England midfielder Jack Grealish to Manchester City for £100m. They then saw an increase in revenue of £217.7m in 2022-23, up from £178.4m in the previous year.

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While PSR is assessed over three years, financial expert Keiran Maguire has explained how Grealish's record breaking move to the Etihad Stadium will no longer be applicable to Villa's books.

“Villa have been very successful on the pitch in the last two seasons, but that has come at a financial cost," Maguire explained to Sky Sports.

"The sale of Jack Grealish to Manchester City in August 2021 was great for PSR as he was a former academy player, but that £100m boost expires in June 2024 as PSR is assessed over a three-year period.

'Villa also spent over £200m on signings in the year that Grealish was sold, which has a legacy impact on amortisation charges in subsequent seasons.

"Villa’s wage bill has doubled since they were promoted to the Premier League and in 2022-23 they were paying £89 in wages for every £100 of income, which does not leave much for player signings and other overheads.

“Villa are rumoured to be pressing for an increase in the PSR limit from £105m to £135m which suggests they are concerned about compliance with the rules and a player sale could be needed.”

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