Aston Villa to receive significant investment

first_imgEnglish Championship club Aston Villa announced on Friday it will receive a “significant investment” from NSWE, a company jointly owned by billionaires Nassef Sawiris and Wes Edens.Forbes estimation of Egyptian Sawiris worth is over £3 billion, while American Edens is the co-owner of NBA’s Milwaukee Bucks.Also, Villa owner Dr. Tony Xia held talks with the Egyptian group and continue to be on the board as co-chairman.“I am extremely pleased to have formed a strategic partnership with Nassef and Wes,” Dr Xia said in a club statement.Aston Villa explains why they spent so much money on players Manuel R. Medina – September 6, 2019 According to Aston Villa’s chief executive, the team needed to spend £144.5 million on 12 players in order to stay competitive.“We have a common goal of delivering future success for Aston Villa and I look forward to working together to achieve this aim.“To have come so close to achieving promotion last season was a humbling experience. In finding such strong partners as Nassef and Wes we’re gearing up to fight again and bring back the success that this Club deserves and we all so want to provide it with.”Aston Villa has been in a financial quagmire for quite some time now, a financial trouble that almost put the club up sale last month.last_img

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