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Aston Villa takeover

The billionaire businessmen Nassef Sawiris and Wes Edens have bought majority control of Aston Villa from Tony Xia. The beleaguered former owner will stay at Villa Park as co-chairman.

The club would not confirm the size of the new investors’ stake, revealing only that their Egypt-based group NSWE would provide 'significant investment'. But it is understood that they have acquired 55 per cent of Villa, injecting £30m-£35m, with a view to completing a full takeover.

Kieran Maguire of the Price of Football commented, 'It’s two cheers rather than three, administration threat lifted and less need for a. fire sale of players, but Steve Bruce will have to bring in more than he can spend in terms of player trading.'

Aston Villa Supporters' Trust want to meet the new owners: Eager to meet

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