Aston Villa makes record loss of $85 million

Aston Villa made a record loss of $85 million last season as the
American-owned club’s fortunes tumbled.

After three years in the top six, Randy Lerner’s Villa finished
ninth last season and is currently 15th in the Premier League.

Villa’s commercial income did reach a record 92 million pounds
($146 million) in the year to May 31 2011.

But losses rose by more than 40 percent to 53.9 million pounds
($85 million) as a result of paying 18 million pounds (then $29
million) to sign striker Darren Bent in January 2011 and 12 million
pounds ($19 million) in compensation for coaching changes.

Villa says Lerner, who also owns NFL’s Cleveland Browns,
invested another 25 million pounds ($40 million) in the club in the
last financial year.