Aston Villa have reported a drastic reduction in losses for the 2013/14 financial year.
The West Midlands club have announced a loss of £3.9million after tax for the ye year ending May 31, 2014 which is a massive decrease on the £51.8m they lost the year prior.
Villa nave managed the reduced loss due to an increase of more than £30m in turnover and close to £13m reduction in operating expenses.
"We are very pleased to be able to report improved results after a period of heavy financial losses," Robin Russell, chief financial officer, told the club's official website.
"By controlling costs we have been able to take advantage of the new Premier League broadcasting deal to bring the club closer to self-sufficiency.
"Compliance with Financial Fair Play continues to be a key component of our planning and we remain focused on growing the club in a responsible and sustainable way."
