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Author Topic: NSWE Investment  (Read 45867 times)

Offline cheltenhamlion

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Re: NSWE Investment
« Reply #270 on: July 22, 2018, 09:29:31 PM »
From the AVST:

Quote
Members and supporters will no doubt be delighted to hear of the 55% investment made by Messrs Sawiris and Edens. This appears to have resolved the short-term funding issue faced by our football club.

Whilst it is acknowledged that the last two weeks must have been difficult for senior people at the club, it is disappointing that they did not respond to our request for a meeting.

Accordingly, we have repeated that request and are hopeful that on this occasion we will be able to effect a meeting to discuss the way forward. It is encouraging that in the Press Release it was stated that the owners are stewards of Aston Villa Football Club on behalf of the fans.

The new investment does not mean that there is a licence to spend money (FFP restricts that) but there must be a desire to have a period of stability and financial prudence under wise and experienced leadership. We will press for that.

That sounds like something my parish council would put out.

Shouldn't have gone on holiday.......

Offline Newby

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Re: NSWE Investment
« Reply #271 on: July 22, 2018, 09:46:18 PM »
They are getting a bit embarrassing.  Demand a meeting, yes, that will solve things!!

Online kippaxvilla2

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Re: NSWE Investment
« Reply #272 on: July 22, 2018, 10:21:47 PM »
From our new friends at the Meaning Evil...

How Aston Villa's new sugar daddies did the deal - the latest details to emerge

Shane Ireland takes a closer look at how Nassef Sawiris and Wes Edens hatched a rapid plan to take a controlling stake in Aston Villa

The speed at which Aston Villa’s takeover went through on Friday has taken sections of the claret and blue faithful by surprise.

It transpires that Villa had been putting the feelers out for fresh investment even before the play-off final defeat at Wembley on May 26 exposed their bleak finances.

But details are starting to emerge about how rapidly Nassef Sawiris and Wes Edens sprung into action to come to the rescue of the cash-strapped Championship club.

HOW MUCH HAVE THEY PAID AND FOR WHAT SHARE?

Sawiris and Edens have each bought a 27.5 per cent stake in Villa, taking their combined total to what is a controlling stake of 55 per cent.

To buy those shares, the pair parted with £30m.

Xia bought Villa from Randy Lender for £76m two years ago.

The club's website has now been update to include the new buyers' titles, with Sawiris having become the executive chairman and Wes Edens a co-chairman.

The other co-chairman remains Xia.

Xia said: “I am extremely pleased to have formed a strategic partnership with Nassef and Wes. 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.

“The future is exciting on a number of fronts and I look forward to exploring further business collaborations.”


HOW DID THEIR INVESTMENT COME ABOUT?

During England's World Cup defeat to Croatia 11 days ago.

While Gareth Southgate's Three Lions were contesting their semi final in Russia, Sawiris and Edens were hatching a plan to save Villa, according to the Times.

They watched the match together in a hotel room in Idaho during the Sun Valley conference - an event which brings together millionaires and billionaires from across the globe.

And just nine days later they had sealed a controlling stake in Villa.

After the conference, Sawiris and Edens relocated to the Hilton hotel on Edgware Road in London to fine-tune their plan of action.

They then held meetings with Xia at Sopwell House in St Albans and quickly reached an agreement.

On Friday, the deal was announced.

Read More


HOW MUCH ARE THEY WORTH?

The Sawiris family are the most famous and richest family in Egypt having made an incredible fortune over the years.

Forbes estimated the family’s combined net worth at $36bn (£27bn) which highlights their financial muscle.

Nassef is said to have a personal wealth of around £5.2bn, making him the richest Egyptian in the world.

Edens is a co-owner of the Milwaukee Bucks, a National Basketball Association (NBA) franchise based in Milwaukee, Wisconsin, along with Marc Lasry.

Forbes estimates his personal fortune stands at around $2bn

DO THEY HAVE ANY PREVIOUS FOOTBALL EXPERIENCE?

Both men are football lovers, especially Edens who, before this summer's tournament had attended every World Cup since USA 1994.

He also spoke to David Beckham this summer about becoming involved in the former Manchester United and England star's MLS franchise in Miami, the Times reports.

Regarding wider sporting interests, in 2014 Edens and Marc Lasry purchased the Bucks from Herb Kohl for $550 million, promising to keep the team in Wisconsin and build a new arena to replace the BMO Harris Bradley Center.

And he's enjoyed great success in that venture - the value of the team has nearly doubled to just over a billion dollars since he took charge.

They were also in a position to recently re-sign their star player Giannis Antetokounmpo on a bumper £76.1m contract worth £366,000 a week.

Sawiris' ventures include a board position at sportswear giants adidas, while his brother Samih owns part of Swiss football club FC Luzern.

He purchased a 12.5 per cent stake in the top-flight team in 2011.


HOW HAVE THEY MADE THEIR MONEY?

As mentioned above, he has a stake in adidas and cement giant Lafarge Holcim, but it’s his company OCI - one of the world’s largest nitrogen fertilizer producers - that brings in the real money.

Nassef is ranked at No.251 in the world’s rich list.

A co-founder of Fortress Investment Group, Edens began his career in 1987 at Lehman Brothers, where he was a partner and managing director until 1993.

He then went to BlackRock's private equity division BlackRock Asset Investors, where he remained until 1997 as a partner and managing director.

Edens was one of five principal partners who founded Fortress Investments in 1998.

He also owns the League of Legends team FlyQuest.




Offline berneboy

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Re: NSWE Investment
« Reply #273 on: July 22, 2018, 10:33:35 PM »
There’s a good article in the Times today apparently about how this deal came together and some of the plans of our new owners. If someone has a subscription maybe they can post it. Here’s the Twitter link.

https://twitter.com/ste_healy/status/1020966894046674944?s=12




FOOTBALL
Billionaires ride in to rescue Aston Villa
Investors raise promotion hopes after buying 55 per cent stake in the club

Ian Whittell
July 22 2018, 12:01am, The Sunday Times

Prize asset: Aston Villa hope to hold on to Jack G
England’s World Cup defeat by Croatia 11 days ago may have resulted in national disappointment, but for Aston Villa supporters it could prove to have been one of the most pivotal events in the club’s history, given what was unfolding in an Idaho hotel room as the semi-final took place.

Sequestered there while attending the annual Sun Valley “moguls” conference were billionaire friends Nassef Sawiris and Wes Edens. By the end of the evening and despite the anti-climax of seeing the team they were supporting lose, the pair had hatched a plan to buy Villa.

Nine days later, the pair had each bought 27.5% of the Championship club from Tony Xia, for a controlling interest in a venture he had mortgaged to the hilt in a gamble to win promotion, only for the team to fall short in the playoff final against Fulham in May.

Given the Midlands club’s current debt, the pair were able to wrestle the 55% controlling interest for £30m although if the new owners are to fulfil the ambition of Xia, they are looking at bankrolling manager Steve Bruce with a considerably larger sum.

“They obviously have deep pockets,” said a source close to the deal. “They spoke about ‘the upper echelons of English football’ so they are not going into this to stay in the Championship.


“They are genuine football fans. Nassef, in particular, is a pretty private guy for a man of his wealth. He is not doing this because he is a brash guy who wants to splash the cash. He’s doing it primarily for his love of the game and that applies to both of them.”

If the speed and efficient nature of their takeover is anything to go by, Villa supporters could be in for a spectacular ride. Within three days of the Croatia game, Sawiris, a London-based Egyptian businessman worth an estimated £5.2bn, and Edens had relocated to the Hilton on Edgware Road for meetings. By last Monday, talks with Xia concluded at Sopwell House in St Albans, where a deal was finalised.

The purchase marks the fulfilment of the billionaires’ long-standing interest in the sport. Edens, a co-owner in NBA team the Milwaukee Bucks, had attended every World Cup since USA 1994 until this summer and spoke to the former England captain David Beckham about becoming involved in his Miami MLS franchise, while Sawiris’ array of business interests includes a board position at Adidas.

The pair would not be the first successful businessmen to flounder in football — as Xia will testify after a summer in which playoff defeat was followed by an unpaid £4m tax bill and concerns about Villa’s inability to meet the Football League’s financial fair play regulations concerning “profitability and sustainability”.

The situation led to an acceptance that any saleable assets — particularly the creative midfielder Jack Grealish, aged 22 — would be liable to being sold and drove Xia to look for fresh investment.

The crisis also created uncertainty over the status of veteran manager Bruce and he, as well as the club’s immediate financial obligations and transfer policy, will be widely examined by the new owners when they convene with Xia at Villa Park, possibly as early as tomorrow. Villa open the Championship season with a tricky trip to Hull City on Monday, August 6.

Short-term, sources talk of “stabilising” the club’s finances while the duo are bullish about the need to find a way to not only bring in new blood but also keep players such as Grealish.

Longer-term, they have spoken of investing heavily in youth development and competing for honours, while Villa fans can expect a more “traditional” approach from the reserved Sawiris. Xia’s eccentric social media antics could be a thing of the past.

Indeed, whether Xia has a long-term role remains to be seen. With Sawiris “executive chairman” and Edens “co-chairman,” Xia remains on the board, for now, with his minority interest.

There is, therefore, a large element of the unknown facing Villa but, if the success Edens has enjoyed in running the Bucks over the past four years is anything to go by, the signs are good. Not only has the basketball team’s value nearly doubled to just over a billion dollars but the club recently re-signed star player Giannis Antetokounmpo to a four-year, £76.1m contract worth £366,000 a week. Bruce and Villa fans dare only dream of such a future.

Offline mike

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Re: NSWE Investment
« Reply #274 on: July 22, 2018, 11:19:34 PM »
I've been away for a few days and come back to this... so administration/massive points docking are presumably not going to happen, but how does it affect FFP? Can we now spend money on the squad or are we still unable to ad to the squad because of the wages we pay Micah etc in relation to our turnover? Sadly, I can see us still losing Jack, because he's going to want to play at a higher level than the Championship. If he stays, he must truly want to be a Villa hero.

Offline Newby

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Re: NSWE Investment
« Reply #275 on: July 22, 2018, 11:23:42 PM »
John Percy saying that Jack 'wants to go', so he can play in the champs league.

Online eamonn

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Re: NSWE Investment
« Reply #276 on: July 22, 2018, 11:38:00 PM »
So who's right, Percy or Moxey?

Offline adrenachrome

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Re: NSWE Investment
« Reply #277 on: July 22, 2018, 11:42:05 PM »
So who's right, Percy or Moxey?

Poxey probably.

Offline dave.woodhall

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Re: NSWE Investment
« Reply #278 on: July 22, 2018, 11:46:40 PM »

Offline olaftab

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Re: NSWE Investment
« Reply #279 on: July 23, 2018, 12:20:23 AM »
Uber from the Elephant to VP is £240 via the M11/M6 so via the bandit country of Peckham £260-70?

That's actually cheaper than I thought. Yet Birmingham airport to bartley green was quoted to me at 60 quid!
Most cabbies need protection money to go to Bartley Green that’s why it’s £60.

Offline Holy Trinity

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Re: NSWE Investment
« Reply #280 on: July 23, 2018, 12:56:02 AM »
Uber from the Elephant to VP is £240 via the M11/M6 so via the bandit country of Peckham £260-70?

That's actually cheaper than I thought. Yet Birmingham airport to bartley green was quoted to me at 60 quid!
Most cabbies need protection money to go to Bartley Green that’s why it’s £60.

Come on! It's not as bad as Northfield haha

Offline Toronto Villa

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Re: NSWE Investment
« Reply #281 on: July 23, 2018, 01:49:40 AM »
Not going to lie. Those articles gave me movement in my loins. Thanks Berneboy for expanding on that link for me. They both have immense and verified wealth and haven’t bought us to arse around in the Championship. I reckon Bruce could be toast next week, and if not next week soon after the season starts if we are not off to a hot start.

We need ruthless owners who want to win. The Man City approach being discussed earlier is what we need, a mix of smart people being brought in to run us like a proper business. Right people in the required roles; a defined strategy with well thought through tactics.

Offline cheltenhamlion

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Re: NSWE Investment
« Reply #282 on: July 23, 2018, 06:45:44 AM »
They are getting a bit embarrassing.  Demand a meeting, yes, that will solve things!!

Without talking what are you going to achieve though? Our members have had a bee in their bonnet about the changes to the away scheme that we want to try to sort out. For a month they ignored our calls, emails and statements to have a meeting to sort things like that out. In fact, they didn't even know who we should talk to about it.

Offline cheltenhamlion

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Re: NSWE Investment
« Reply #283 on: July 23, 2018, 06:47:26 AM »
Not going to lie. Those articles gave me movement in my loins. Thanks Berneboy for expanding on that link for me. They both have immense and verified wealth and haven’t bought us to arse around in the Championship. I reckon Bruce could be toast next week, and if not next week soon after the season starts if we are not off to a hot start.

We need ruthless owners who want to win. The Man City approach being discussed earlier is what we need, a mix of smart people being brought in to run us like a proper business. Right people in the required roles; a defined strategy with well thought through tactics.

Whisper it but I reckon this lot will be alright.

Offline mr underhill

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Re: NSWE Investment
« Reply #284 on: July 23, 2018, 06:49:55 AM »
wouldn't that be something - owners who can actually manage.