V Sports

[Legion]

Aston Villa can confirm the club’s holding company, V Sports, has entered into a sale and purchase agreement to acquire 46 per cent of the shares in Portuguese club Vitória Sport Clube.

The agreement, which requires ratification by members of Vitória Sport Clube, signals an important step forward in the global expansion of the V Sports portfolio.

Formed in 1922, the Primeira Liga side are an established top-flight club and have competed regularly in European football competitions, reaching the UEFA Cup quarter-final in 1987. They also faced Villa in the same competition in 1983.

V Sports aims to create a synergy amongst clubs in its group that will encourage the sharing of worldwide scouting networks, academy coaching methodologies, best practice and youth academy development strategies across Europe and Africa.

Chairman Nassef Sawiris, a director of V Sports, said: “V Sports is delighted to be partnering with Vitória Sport Clube.

“Discussions, which have been ongoing for almost two years, have progressed thanks to the positive steps taken by the new management team led by Antonio Miguel Cardoso whose energy and vision has been a crucial component in reaching this agreement.”

António Miguel Cardoso, President of Vitória Sport Clube, said: “Since first meeting we found out that Mr Nassef Sawiris is a man of serious commitments and available to be the right partner which VSC needs in this important moment of our history."

Aston Villa Football Club is ultimately wholly owned by V Sports, a joint venture set up by Nassef Sawiris and Wes Edens. V Sports purchased Aston Villa in July 2018.

[Dave P]

Does the V stand for Valentine?

[Chris Harte]

They beat us in a UEFA Cup game about 40 years ago.

[pauliewalnuts]

5.5m euros apparently.

[nigel]

Needs translating
https://vitoriasc.pt/en/2023/02/14/parceria-da-v-sports-com-o-vitoria-sport-clube/

[pauliewalnuts]

It seems that whenever our owners are mentioned in the media recently, the emphasis has been on Sawiris every time rather than Edens.

Not suggesting Edens is in any way losing interest, but just a suggestion that Sawiris seems to be the lead partner (see photos re Emery signing).

Could just be because he is UK based, I guess.

[Legion]

The deal will yield an immediate cash inflow of 5.5 million euros. The club will remain the majority shareholder of the sports company

Vitória Sport Clube has the possibility of securing an economic partner of enormous importance. This is the V Sports fund, led by Nassef Sawiris and owner of Aston Villa FC, which has already reached an agreement with António Miguel Cardoso for the purchase of 46% of SAD shares for 5.5 million euros .

This operation is pending the approval of the members in the General Assembly (to be scheduled soon), in accordance with the electoral commitment assumed by the President of the Club, without prejudice to the fact that, until the date of the Magna Meeting, clarification sessions will be held on the subject.

The associative validation of this operation maintains Vitória SC as the majority shareholder of the sports company (only 3.16% of the share capital is dispersed among small shareholders), and the Board of Directors will now be composed of three administrators from Vitória Sport Clube, Futebol SAD and two affections in the background V Sports S.C.S.

As a result of the established pre-agreement, the future partner of SAD will support the investment of two million euros in infrastructure, to be applied in two years, also making possible a credit line of up to 20 million euros, with interest rate under preferential conditions

[Gareth]

Some nice loan opportunities ahead for some of our youngsters

[Legion]

Plus a pre-season friendly.

[Risso]

Have they got a winger we can borrow?

[andyh]

I hope our owners aren’t spreading themselves too thin…….with this, and the US ‘franchise’.
Let’s hope they remember, we were here first !!

[pauliewalnuts]

I hope our owners aren’t spreading themselves too thin…….with this, and the US ‘franchise’.
Let’s hope they remember, we were here first !!

They've spent about the same amount we spent to buy Robin Olsen.

[Villan For Life]

I hope our owners aren’t spreading themselves too thin…….with this, and the US ‘franchise’.
Let’s hope they remember, we were here first !!

I think you underestimate just how wealthy they are.

[andyh]

I hope our owners aren’t spreading themselves too thin…….with this, and the US ‘franchise’.
Let’s hope they remember, we were here first !!

I think you underestimate just how wealthy they are.

I promise you, I don’t

And I don’t just mean financially

[Villan For Life]

I hope our owners aren’t spreading themselves too thin…….with this, and the US ‘franchise’.
Let’s hope they remember, we were here first !!

I think you underestimate just how wealthy they are.

I promise you, I don’t

And I don’t just mean financially

If they get good people in behind the scenes then they should be ok. I don’t imagine that they’re that involved on a day to day basis anyway particularly when you consider their wider business interests.