Latest news straight to your inbox Subscribe Thank you for subscribing We have more newsletters Show me See our privacy notice Invalid Email

Things may not be going too well on the pitch for Aston Villa and West Brom - but off the pitch it is a different story altogether.

Aston Villa and West Brom have been named in the top 40 clubs in the world in revenue terms, with Villa's turnover of £112.2m last year putting them 22nd in world football.

The Football Money League from business advisory firm Deloitte reports that while sales figures at West Bromwich Albion, one of the top flight’s few profitable clubs, were not revealed, a new broadcasting deal would see its 2013 sales of £69.7 million eclipsed.

Austin Houlihan, senior manager at Deloitte, said more good news is on the way too.

Find out which football men figure in The Birmingham Post Rich List here

He said: “The Premier League’s new broadcast deals have translated into big revenue increases across the English top flight. In fact, every Premier League club reported record revenues in 2013/14.

“Additionally, the Premier League is currently negotiating for the next cycle of media rights and further uplifts are anticipated.”

Football revenue has been on the increase in the last two decades, but as the era of huge player wages spiralled, the clubs have struggled financially.

As a result, while Villa, and Albion are in the money, Villa reported a loss of £51.8 million in its most recent accounts.

This was down to staff costs, which were £71.9 million at Villa.

Albion made a £6 million profit, a figure that bucks the trend in the country.

Revenue outside the top flight is far lower in England – latest accounts show Wolverhampton Wanderers posted a loss of £30.4 million and Birmingham City made losses of £4 million.