Wes Edens believes in the potential of the Aston Villa Club. Together with Nsaaef Sawiris, the pair is bringing capital to the troubled football team in hopes to help them get back their competitive edge. This purchase was completed through their company NSWE.
The former owner of Aston Villa, Tony Xia, purchased the team about 2 years ago and ist still remaining on the board as well as taking the position of co-chairman. While he was highly humbled to not have seen the promotion of the team in the previous season, he believes that with the help of Wes Edens and his expert business partner they may be soon able to achieve this goal. They all believe that the team deserves success and are willing to invest in the fight.
While Aston Villa had earned championship 7 times, they were discluded in 2016 from the premier league. They had been in the Premier League for the previous 29 years and took a considerable hit due to the demotion. In 2016, they showed a loss of around $80.7 million compared to the year before. This continued the next year with a loss of $14.5 million.
Wes Edens and Nassef Sawiris both have high hopes and big plans for the struggling soccer club and believe that they will be able to bring them back from the loss. While it may be a lot of hard work and capital, they both believe in the team and their potential in the future and even now. They will be working closely with Tony Xia in order to achieve these goals for the team to rejoin Premier League and get back to winning more championships for their many fans.
In order to help the team, Wes Edens has plans for a complete evaluation to be performed. They are working to strengthen the team in many different ways and are creating a plan that will last for many seasons. They want to provide the structures that the team needs to be a success in their league. As an investment and as a team, Wes Edens has a lot of faith in Aston Villa.