Aston Villa Confirm Significant Losses in End of Year Accounts 

Football - Premier League - Luton Town v Aston Villa - Kenilworth Road, Luton, Britain - March 2, 2024 Aston Villa's Lucas Digne celebrates scoring their third goal as Luton Town's Thomas Kaminski reacts. (Reuters)
Football - Premier League - Luton Town v Aston Villa - Kenilworth Road, Luton, Britain - March 2, 2024 Aston Villa's Lucas Digne celebrates scoring their third goal as Luton Town's Thomas Kaminski reacts. (Reuters)
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Aston Villa Confirm Significant Losses in End of Year Accounts 

Football - Premier League - Luton Town v Aston Villa - Kenilworth Road, Luton, Britain - March 2, 2024 Aston Villa's Lucas Digne celebrates scoring their third goal as Luton Town's Thomas Kaminski reacts. (Reuters)
Football - Premier League - Luton Town v Aston Villa - Kenilworth Road, Luton, Britain - March 2, 2024 Aston Villa's Lucas Digne celebrates scoring their third goal as Luton Town's Thomas Kaminski reacts. (Reuters)

Aston Villa confirmed a £119.6 million loss in their end of year accounts on Monday, despite a season that saw their return to European football after more than a decade.

The losses fuel concern around Villa's future transfer strategies amid the need to avoid running afoul of the league's tightened financial rules.

Profit and sustainability (PSR) regulations permit teams to lose a maximum of £105m over a three-year period, although investments in infrastructure, the academy, charity foundation and women's football can be deducted so teams are compliant with PSR rules.

"These figures are in line with the strategic business plan, and we continue to operate within the Premier League's Profit and Sustainability rules," the club said in a statement.

"The owners of Aston Villa remain committed to the long-term and sustainable development of the club, and we look forward to continued progress on the delivery of our strategic plan."

Aston Villa, who are currently on pace to play in the Champions League next season in fourth in the Premier League.

Villa reported an increase in revenue of £217.7m, up from £178.4m in the previous year.

The PSR calculation also allows teams to deduct any losses due to COVID-19 costs during the two seasons impacted by the pandemic.

Everton were docked 10 points in November for violating the Premier League's profit and sustainability rules. The penalty was reduced to six points last week following an appeal.

The Merseyside squad face another potential points deduction after being charged with a separate breach of the league's financial rules in January, along with Nottingham Forest.

Villa are in action on Thursday at Ajax in a Europa Conference League last-16 game, and then host Tottenham Hotspur in the Premier League on Sunday. They are five points ahead of fifth-placed Spurs although Tottenham have a game in hand.



Rafael Nadal to Be Honored with a Tribute at the French Open

FILE PHOTO: Tennis - French Open - Paris, France - June 6, 2022 Spain's Rafael Nadal poses on the Alexandre III bridge in front of the Eiffel Tower with the trophy after winning the men's singles French Open title REUTERS/Benoit Tessier/File Photo
FILE PHOTO: Tennis - French Open - Paris, France - June 6, 2022 Spain's Rafael Nadal poses on the Alexandre III bridge in front of the Eiffel Tower with the trophy after winning the men's singles French Open title REUTERS/Benoit Tessier/File Photo
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Rafael Nadal to Be Honored with a Tribute at the French Open

FILE PHOTO: Tennis - French Open - Paris, France - June 6, 2022 Spain's Rafael Nadal poses on the Alexandre III bridge in front of the Eiffel Tower with the trophy after winning the men's singles French Open title REUTERS/Benoit Tessier/File Photo
FILE PHOTO: Tennis - French Open - Paris, France - June 6, 2022 Spain's Rafael Nadal poses on the Alexandre III bridge in front of the Eiffel Tower with the trophy after winning the men's singles French Open title REUTERS/Benoit Tessier/File Photo

Retired 14-time champion Rafael Nadal will receive a tribute at the French Open on Court Philippe-Chatrier on May 25, the tournament’s opening day.

“Rafa has left his mark on the history of the French Open in so many ways, that’s why a tribute ceremony will be held in his honor,” French Open director Amélie Mauresmo said on Thursday. “We want the tribute to be special, exceptional. We want it to be a surprise for everyone.”

Nadal, a 22-time Grand Slam champion who retired in November, already has a statue rising in the alleys of the clay court Grand Slam. He will also feature in an exhibition in the tournament museum and lend his voice to the official French Open trailer, The Associated Press said.

“We wanted to do the tribute last year, to be transparent, but he refused at the time,” Mauresmo said. “He wasn’t sure that it was his last Roland Garros. Now that he is retired, he is happy to receive it.”

Nadal holds the record for the most French Open titles with 14. His last appearance at the tournament was in 2024 when he lost to Alexander Zverev in the first round.

“Rafael Nadal and Roland Garros are inseparable. We have a strong history together,” said Gilles Moretton, president of the French Tennis Federation. “Amélie and I went to see him not long ago because we wanted to do something important for him. We still had some frustration from last year.”

Organizers also plan to build on the success of the 2024 Paris Olympics by setting up a fan zone with giant screens showing matches. Located at Place de la Concorde in central Paris, the venue will be free and open to up to 5,000 fans.

“We saw an incredible atmosphere last summer in Paris. We plan on surfing on this success,” Mauresmo said.