Aston Villa 's latest financial accounts have been released.

The accounts covering the period up to May 31 2018 have been posted to Companies House.

The figures relate to last season when Villa, with Tony Xia as chairman, Keith Wyness as chief executive and Steve Round as technical director, lost the Championship play-off final under manager Steve Bruce.

According to the latest figures, Villa made an operating loss of £32.2 million.

The club's turnover dropped by around £6.5  million from £71.1 million to £64.6 million. This is mainly because broadcasting revenue fell by around £8 million, and there was an increase in gate receipts due to Villa being in the play-off offs.

Villa's defeat to Fulham at Wembley last May caused an alarming summer of financial uncertainty at Villa Park, culminating in a missed tax payment and the potential threat of a winding up order. 

It was only eased on the brink of this season when Nassef Sawiris and Wes Edens invested heavily to assume control from Xia.

The figures released today, which pre-date the current regime, only appear to scratch the surface.

Football finance expert Kieran Maguire has suggested a clearer picture of Villa's finances should emerge when the overdue accounts of parent company Recon Group UK are released.

Maguire, lecturer in football finance at the University of Liverpool, tweeted: "Aston Villa Football Club Limited publishes losses of £32 million for 2017/18. Take these figures with extreme caution as exclude player wages and player transfer amortisation, which are in the accounts of parent Recon Group UK whose accounts are overdue."

Current CEO Christian Purslow has consistently relayed his belief that FFP ‘won’t be a problem’ for Villa and used a recent fans forum to reassure supporters.

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