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Aston Villa Announce Huge Financial Losses After Promotion Back to Premier League NewsColony ​Aston Villa’s promotion last season came at a price, as the club have revealed that they made a loss of £69m on their way back to the Premier League in their published accounts. Villa, who spent £20m on transfer fees in the season of their promotion, went up via the playoffs in 2018/19 after beating Derby Country at Wembley last May.  In Villa’s  ​official financial statement , it was confirmed that the Midlands side suffered a huge financial blow in the year ending 31 May, 2019, citing ‘exceptional promotion-related costs’ as key factors in the results. It is also noted that  ​Villa  paid former owner Randy Lerner a sum of £30m, after beating Derby 2-1 in last season’s play-off final and earning promotion back to the big time. According to a  ​BBC report,  the money owed to Lerner related back to the takeover by Tony Xia in...