Former Aston Villa captain Jack Grealish joined Manchester City for £100m in the summer of 2020
As the club assesses its situation to the maximum £105 million losses over three years set forth by the Profit and Sustainability Rules (PSR), Aston Villa is seeking greater flexibility about spending and financial losses.
Unai Emery may lose one of his most important players before the end of the month, according to reports, but Villa will fight to raise the PSR cap to £135 million during the Premier League AGM by £20 million. The team revealed that it will lose about £120 million in 2023, but it insisted that the results are “in line with the strategic business plan” and, more importantly, within the profit and sustainability guidelines set by the Premier League.
Thanks in part to the £100 million transfer of England midfielder Jack Grealish to Manchester City, Villa’s 2021–22 financial statements showed a profit of £300,000. After that, their revenue increased to £217.7 million in 2022–2023 from £178.4 million the year before.
Financial analyst Keiran Maguire has outlined how Grealish’s historic move to the Etihad Stadium will no longer be pertinent to Villa’s books, even though PSR is evaluated over three years.
Maguire told Sky Sports, “Villa have been very successful on the pitch in the last two seasons, but that has come at a financial cost.”
As a former academy player, Jack Grealish’s sale to Manchester City in August 2021 was fantastic for PSR. However, because PSR is evaluated over a three-year period, the £100 million increase expires in June 2024.
In the year that Grealish was sold, Villa also spent over £200 million on players, which will have an effect on amortisation costs in the following seasons.
“Since Villa was promoted to the Premier League, their salary bill has risen. As of 2022–2023, they were spending £89 in wages for every £100 in revenue, leaving little money for player acquisitions and other overhead.
According to rumors, Villa is pushing for a £135 million increase in the PSR cap, indicating that they may need to sell a player in order to comply with the regulations.