O'Neill a finance "Villan"?
Football finance is back in the headlines again this morning. This time it’s about Aston Villa.
A Villa non-exec allegedly told a supporters’ website forum that recently departed manager Martin O’Neill left because he didn’t fancy lowering the club’s wages to turnover ratio.
According to Deloitte’s latest survey of clubs, Villa’s ratio as a percentage was 84% for 2008/2009.
It has been widely accepted that anything above 60% is less than healthy.
Its another example of managers having to balance books as well as juggle team selection.
And the highest ratio for a Premier League club in that season? Portsmouth, with 109%. Perhaps you can see where Villa owner Randy Lerner was coming from on this one.