Aston Villa's NSWE backing reaches £400m as Villa Park plan paused (2024)

Nassef Sawiris and Wes Edens have pumped around £400 million into Aston Villa since initially buying their controlling stake back in the summer of 2018.

Villa are due to release their full accounts for 2019/2020 by June of this year after the government granted companies a three-month extension due to the ongoing effect of the pandemic.

On March 3 of last year, Villa posted a loss of £111,776,896 for the financial year between May 2018 and May 2019 following their final season in the Championship.

Promotion to the Premier League followed with Sawiris and Edens paying off Tony Xia's £30 million debt he owed previous owner Randy Lerner. Following that, Xia's role as a director was terminated on August 2, 2019 with NSWE obtaining full control having previously paid £30 million for a 55 per cent stake upon their arrival. The pair also paid off a missed tax bill worth £4 million which could have resulted in Villa filing for liquidation in 2018.

In June 2019, though, it was NSWE who purchased Villa Park for £56.7 million to help with the club's accounts before bankrolling Dean Smith's summer overhaul as he assembled a new squad by bringing in 12 players for £130 million. Villa also added the permanent addition of striker Mbwana Samatta for £9.45 million in January of last year following the injury to Wesley.

Villa, of course, have had to take the hit on their gate receipts for the past 12 months which, according to Christian Purslow, cost the club around £1 million per home game. Villa's gate receipts for 2018/2019, for reference, stood at £12,745,422.

Despite the 11 month-long pandemic NSWE have continued to back Smith in the transfer market with Villa spending £75 million on Ollie Watkins, Matty Cash, Emi Martinez and Bertrand Traore last summer while they're also bankrolling Ross Barkley's season-long loan from Chelsea. Morgan Sanson was added just last month as well for £14 million as Villa took advantage of financial uncertainty surrounding Ligue 1 clubs.

Purslow, meanwhile, outlined how he was "absolutely thrilled" that NSWE sanctioned the Sanson transfer knowing the deal was "on more favourable terms" given the financial crisis in France and in football in general.

This season, NSWE have added £87 million to Villa's accounts following injections of cash on September 24 (£30 million), October 7 (£12 million), October 9 (£25 million) and October 21 (£20 million) with Smith being backed in every one of his five transfer windows to date totalling £240 million in signings.

"We're thankful that we've got two very good owners who have got this football club on a sound footing now," Smith said just last week. "We want to continue to be a progressive club. (NSWE) have been successful for a reason. They've got an idea of how a football club can be successful and sustainable. The idea is to build upon what we've got and be a successful and sustainable football club."

Aston Villa's NSWE backing reaches £400m as Villa Park plan paused (2)

In terms of off the pitch, Villa used every bit of their HS2 compensation to build their impressive new £14 million academy facility last year. As for the first-team, the all-new performance centre - an impressive state-of-the-art gym extension - has opened at Bodymoor Heath following a project that cost in the region of £6 million.

At Villa Park, Birmingham City Council approved demolition work in August 2019 for Villa to knock down the current ticket office, club store and 'Stumps' building in preparation for a giant new superstore, museum and possible hotel. Due to the pandemic, plans remain on hold.

Just a stone's throw away from the North Stand on Witton Road is where Villa want to build a new inner-city academy aimed at targeting and developing young talent in nearby and underprivileged catchment areas. The plans include a full-size indoor 3G pitch, an outdoor and floodlit 3G pitch as well as six changing rooms, an office, parents lounge and suitable storage. A planning decision on that exciting proposal is expected on February 22.

Story Saved

You can find this story in My Bookmarks.Or by navigating to the user icon in the top right.

Aston Villa's NSWE backing reaches £400m as Villa Park plan paused (2024)
Top Articles
Latest Posts
Article information

Author: Edmund Hettinger DC

Last Updated:

Views: 6275

Rating: 4.8 / 5 (78 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Edmund Hettinger DC

Birthday: 1994-08-17

Address: 2033 Gerhold Pine, Port Jocelyn, VA 12101-5654

Phone: +8524399971620

Job: Central Manufacturing Supervisor

Hobby: Jogging, Metalworking, Tai chi, Shopping, Puzzles, Rock climbing, Crocheting

Introduction: My name is Edmund Hettinger DC, I am a adventurous, colorful, gifted, determined, precious, open, colorful person who loves writing and wants to share my knowledge and understanding with you.