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Aston Villa given approval by Premier League to go ahead with £56m sale of Villa Park... but face challenge of complying with profit and sustainability rules after announcing £69m pre-tax loss for 2018-19

Aston Villa's sale of Villa Park to a company controlled by their owners Nassef Sawiris and Wes Edens has finally been approved by the Premier League, but the club face another challenge to comply with profit and sustainability rules this season after announcing a £69million loss for 2018-19 on Wednesday.

Following a nine-month investigation which included several independent valuations Premier League officials have declared themselves comfortable with the £56.7million Villa received for their ground from NSWE Stadium Limited last May in a deal which enabled them to comply with the EFL's spending regulations.

The importance of that controversial property deal is laid bare in the accounts lodged with Companies House on Wednesday, as without it their losses for a single season would have topped £100m.