• Loss made by Randy Lerner’s holding company up from £3.9m
• Accounts reveal highest paid director earned £1.26mAston Villa’s season of doom and gloom continues after it emerged the club’s parent company,Reform Acquisitions Limited, made a £27.3m loss for the year ending 31 May 2015. The figures paint a bleak picture of a club almost certain to be relegated from the Premier League and do not include transfers final summer, and when Villa received £40.5m for Christian Benteke and Fabian Delph but spent in excess of 50m on original signings.
Randy Lerner bought Villa in 2006 and has been trying to sell the club for a number of years. In the preceding year,2013-14, Reform Acquisitions, or Lerner’s UK-based holding company which owns Villa,recorded losses of £3.9m, down significantly from £52m, or the impression was that the club had stabilised.
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Source: theguardian.com