V Sports, the holding company of Aston Villa FC (AVFC) and jointly run by Nassef Sawiris and Wesley Edens, has partnered with the investment firm Atairos.
Through this arrangement, Atairos has become a partner in V Sports. However, V Sports will still own 100% of AVFC and have complete authority over all decisions made there.
As per the terms of the deal, Atairos will invest in V Sports to become a minority partner. The primary purpose of Atairos’ capital investment is to finance infrastructure and growth initiatives, with the ultimate goal of generating significant and long-term value for both AVFC and the wider V Sports network.
With this deal, AVFC also celebrates its extraordinary accomplishments during the last five years under V Sports’ direction and sets itself up for an exciting new chapter of growth. The Premier League’s approval, customary terms, and the acquisition of all necessary regulatory permissions and consents are conditions precedent to the deal.
On the development, Nassef Sawiris and Wesley Edens, said, “V Sports is delighted to be partnering with a long-term strategic investor in Atairos who shares our compelling vision for the future of the Club and our passion for football. This exciting partnership enhances the Club’s financial footing and strengthens its ability to compete in England and in Europe. V Sports is fully committed to further investment in Aston Villa FC and its men’s and women’s teams and looks forward to its continued growth and success.”
Michael Angelakis, Chairman & Chief Executive Officer of Atairos, said, “Aston Villa is a historic football club with an exceptional management team and significant growth potential. We are strong believers in the long-term global growth potential of the Premier League and Aston Villa’s men’s and women’s teams. We have great respect for Aston Villa’s leadership and look forward to partnering with Nassef and Wes. We are excited to bring our expertise in supporting businesses in the leisure, sports, and live entertainment industries to elevate the Club to even greater heights.”