Aston Villa announce new V Sports partner worth $6.5bn as statement released:

Aston Villa news from BirminghamLive as V Sports agree investment deal with new partner Atairos

Investment company Atairos are to become a minority partner in Aston Villa’s holding company, V Sports.

Atairos has $6.5 billion of equity capital on its books, and its investment will primarily be used to fund growth and infrastructure developments with the aim of benefitting Villa and the broader V Sports network, a club statement has confirmed.

The transaction is subject to Premier League and regulatory approval, but Nassef Sawiris and Wes Edens will continue to own 100 per cent of the club and have full control of all decisions at Villa.

Michael Angelakis, chairman and chief executive 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.”