Nassef Sawiris and Wes Edens (NSWE) bought the controlling stake of Aston Villa from Dr Tony Xia in July 2018 and then consolidated £30m of debt to Randy Lerner in August 2019, which led to Xia being finally relieved of his duties as director.
Villa won promotion from the Championship in NSWE’s first season as owners, consolidated in the Premier League in their second season and are pushing for a European finish in their third season, off the back of significant investment.
In 2018/19, the Claret and Blues spent £17.2m on transfers and generated £14m from sales. Those figures were £143.2m and £2.7m respectively the following season upon returning to the top flight, with £88.4m spent on transfers and £2.5m recouped from sales in 2020/21. [Transfermarkt]
Birmingham Live have reported that Sawiris and Edens have pumped approximately £400m into the club since 2018. NSWE initially paid $39m (£28.3m) for 55% of Villa, paid up Xia’s £30m debt to Lerner, bought Villa Park for £56.7m, paid a £4m tax bill, spent £248.8m on transfers and invested more than £52m per year in first team wages.
READ ASTON VILLA VERDICT
Villa posted a loss of £111.8m for the financial year between May 2018 and May 2019 and are expected to announce another sizeable deficit when their 2019/20 accounts are released in June.
They need to become more self-sufficient or they could risk running afoul of Financial Fair Play regulations again.
