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Author Topic: NSWE Investment  (Read 619213 times)

Offline Ads

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Re: NSWE Investment
« Reply #1860 on: January 22, 2021, 02:32:33 PM »
We're donating laptops to eradicate digital poverty in the city.

Offline eamonn

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Re: NSWE Investment
« Reply #1861 on: January 22, 2021, 02:42:38 PM »
Has anybody checked small heath alliance, molineux mix or the bristol city forum to see if there is a thread on this?

Good point It would be helpful to know what exactly is going on and what these numbers actually mean.

VillaDawg has been quelling football financial fires for the past decade on rival sites, taking up much of his time which may explain his absence from our forum. Top Dawg!

Offline Ad@m

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Re: NSWE Investment
« Reply #1862 on: January 23, 2021, 09:14:48 AM »
Our owners are undoubtedly fantastic but more because they're both gazillionaires and are willing to spend to make us better, rather than because they choose to put money in to the club as equity rather than debt.

Take Chelsea for example. They officially owe Abramovich over £1bn, but unless you think he's going to ask for it back any time soon and bankrupt his own club it's pretty meaningless in isolation. More important is how much more money the owners have got and whether the club are FFP compliant.

Online Toronto Villa

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Re: NSWE Investment
« Reply #1863 on: February 08, 2021, 06:45:24 PM »
Quote
Nassef Sawiris and Wes Edens' Aston Villa backing reaches £400 million as Villa Park development paused

Aston Villa have been given another three months to file their 2019/20 finances to Companies House. Here, we take a look at the NSWE journey, including news surrounding exciting developments at Bodymoor Heath and Villa Park

By Ashley Preece Club Writer - 17:16, 8 FEB 2021


Wes Edens, co-owner Aston Villa

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 co-owner Nassef Sawiris

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.


Online London Villan

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Re: NSWE Investment
« Reply #1864 on: February 08, 2021, 06:47:39 PM »
The new store/museum sounds interesting, but no plans submitted yet as far as we know.

Offline VILLA MOLE

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Re: NSWE Investment
« Reply #1865 on: February 08, 2021, 06:51:04 PM »
They have spent this much they might as well Chuck a few more quid and build a new north stand ! 🤔😀

Offline cdbearsfan

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Re: NSWE Investment
« Reply #1866 on: February 08, 2021, 07:05:17 PM »
I'm not asking much, but I'd like Messi, please. Even if only for a couple of seasons.

Online kippaxvilla2

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Re: NSWE Investment
« Reply #1867 on: February 08, 2021, 07:49:43 PM »
It’ll start to become more sustainable provided we stay up for the next few seasons. I think they pick up about £130m each season in TV revenue.  So that investment pays for itself in four or five seasons but I would’ve thought they’ll keep investing.  Feel really sorry for them in some respects that our upturn has coincided with no gate receipts. 

Offline Woofles The Wonder Dog

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Re: NSWE Investment
« Reply #1868 on: February 08, 2021, 07:59:12 PM »
The near miss/new investment produces the response “gulp”. In a thankful way.

Offline Brazilian Villain

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Re: NSWE Investment
« Reply #1869 on: February 08, 2021, 08:03:56 PM »
I'm not asking much, but I'd like your daughter's hand in marriage, Wes. Even if only for a couple of seasons.

Offline tomd2103

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Re: NSWE Investment
« Reply #1870 on: February 08, 2021, 09:55:32 PM »
Obviously no one has a crystal ball, but the pandemic has probably been the opportunity to do any redevelopment. 

It would have worked out well really if we had made the move to increase the capacity given the season we have had and fans possibly returning next season.

Offline Steve67

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Re: NSWE Investment
« Reply #1871 on: February 08, 2021, 10:08:34 PM »
It's such a shame as Villa Park would have been rocking this season. 

Offline Sexual Ealing

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Re: NSWE Investment
« Reply #1872 on: February 09, 2021, 12:38:48 AM »
I'm not asking much, but I'd like Messi, please. Even if only for a couple of seasons.

He wouldn’t get in the side.

Online sid1964

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Re: NSWE Investment
« Reply #1873 on: February 09, 2021, 06:43:22 AM »
 £400 million is that how much the club owes our 2 owners if they decided to stop investing in the club? and wanted to sell

Looking at the losses we made in the season we got promoted, if we had not have had 2 owners who were prepared to plough money into the club, we would not have got out of the Championship

Our losses for last season (partly due to the pandemic) will be over £100 million

Online kippaxvilla2

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Re: NSWE Investment
« Reply #1874 on: February 09, 2021, 08:11:27 AM »
The £400m were not loans.  They were shares so they have exchanged them for equity. 

 


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