Villa Announce Big Losses

Last updated : 27 January 2004 By Paul Doherty

The figure is more than double the £8.1million the club lost for the same period in 2002..

"Since the half-year end there has been a considerable improvement both in terms of results and league position," Villa Chairman Doug Ellis said.

"Despite an adverse trading performance in the first half of the year our balance sheet remains strong and is undoubtedly one of the strongest amongst our peers in the Premier League."