Who is the owner of Aston Villa?
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Owners of Aston Villa
The owner of Aston Villa is the NSWE group, which is an Egyptian company owned by the Egyptian billionaire Nassef Sawiris and the American billionaire Wes Edens. They invested in the club in 2018, from the hands of Tony Xia, under whom the club failed to earn a promotion back into the Premier League in 2017-18. The NSWE group took over the majority of 55% shares in 2018 and have successfully led their side back into the Premier League from the Championships in 2019.
How did the takeover of Aston Villa happen?
In May 2016, Randy Lerner, the then owner of The Clarets and Blue agreed the sale of the club to Recon Group, a company by Chinese businessman Xia Jiantong. The sale was completed in June 2016 for a reported £76 million after being approved by the Football League, with the club becoming part of Recon Group’s Sport, Leisure and Tourism division.
However, Aston Villa did not prosper much under their ownership as the Villans failed to secure promotion to the Premier League for 2 years running and a lot of financial problems appeared under their reign. Fan protests were carried out, as their best players were sold off hampering their play and the results on the pitch showed. This led to the then owner, asking for additional investment to run the club and it came in from NSWE group. Under new owners, the club started improving in the first season itself as they earned a return to the Premier League.
Upon returning to the Premier League, documents from Companies House revealed that Recon Group’s minority share ownership had been bought out which meant Xia Jiantong no longer had a stake at the club.
How much is the owner of Aston Villa worth?
Aston Villa are one of the few clubs in the Premier League which still remain debt free thanks to their owners, Nassef Sawiris and Wes Edens. The owners of Aston Villa are one of the most richest owners in the Premier League. According to Forbes, Sawiris is worth £6.47billion and Edens £840million – giving them a combined wealth of £7.31billion.
Also Read: Who is the owner of Tottenham Hotspur?
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