Thursday 10 March 2016 17:09, UK
Aston Villa have reported a pre-tax loss of £27m to the year ending May 31, 2015.
The Premier League strugglers, who are cut adrift at the bottom of the table, also reduced their debt from £102m to £30.6m.
Villa finished 17th in the league in 2014-15 with the annual report calling it "its worst performance since the creation of the league in 1992", although the club did reach the FA Cup final last May under former manager Tim Sherwood.
The club remains for sale but the report said no active discussions were taking place with potential buyers.
Turnover for the period was £115.7m, compared with £116.9m a year earlier.
Villa saw gate receipts for matches rise by £1m but TV broadcasting income fell to £71.4m from £72.7m the previous season.
Villa's operating expenses rose by more than £17m to £139.4m, including a £19.7m cost from player transactions. The biggest item was staff costs at the club, including player wages, which rose to £83.8m from £69.3m the year before.
The club host Tottenham in the Premier League on Sunday, nine points from safety with just nine games left.
