Exclusive: Aston Villa in £60m crisis

Aston Villa must raise £60 million in player sales this summer after Premier League opponents rejected their latest PSR proposal, according to Football Insider sources.

Current restrictions limit teams’ losses at £105 million over a three-year period.

Villa suggested raising the permissible loss ceiling to £135 million for the 2024-25 season, but top-flight teams rejected the proposal in a vote this week.

Top-flight clubs voted against Villa’s idea this week, and the Premier League will instead introduce a new league-wide structure.

The Premier League will use the 2024-25 season as a test for new squad cost control procedures that will limit spending to 85 percent of a club’s total revenue.

Aston Villa must raise £60m in sales this summer

Villa are projected to be close to the PSR limit for next season after reporting losses of £119 million in their most recent 2022-23 finances.

According to Football Insider, Villa are under pressure to raise approximately £60 million in player sales this summer to meet financial regulations.

If Villa are unable to sell players and balance their books, they risk losing substantial points.

Last season, both Everton and Nottingham Forest were penalised points for exceeding their permissible losses.

According to Football Insider, Aston Villa insiders have confirmed Douglas Luiz’s departure this summer.

Read more at: https://sportip.co.uk