Player Contract
December 04 2003 - 9:56AM
UK Regulatory
RNS Number:8782S
Aston Villa PLC
04 December 2003
For Immediate Release 4 December 2003
Aston Villa
Player Contract
Agreement has been reached today with player, Bosko Balaban, whereby his playing
contract has been terminated with immediate effect.
The original 5 year contract had 2 years and 7 months still to run.
As a consequence, Aston Villa will recognise, in the financial year ended 31 May
2004, a pre-tax player trading loss on the termination (after deduction of the
unamortised costs) of #3.2 million. However, Aston Villa will benefit from
substantial savings in wages and future amortisation costs.
In cash terms this represents a saving of #2 million spread over the remaining
term of the contract.
- E N D S -
For further information contact :
Buchanan Communications 0207 466 5000
Mark Edwards / Suzanne Brocks
This information is provided by RNS
The company news service from the London Stock Exchange
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