Latest news with #VSports
Telegraph
20 hours ago
- Business
- Telegraph
Chelsea handed massive fine over spending breaches – and more could follow
Villa, who returned to the Champions League last season after more than 40 years away from European football's top competition, were fined €5 million immediately with the possibility of another €15 million over the next three years. Telegraph Sport reported this week that Villa owners V Sports will sell a stake in its women's team to an external investor and the rest within the group, generating a profit of around £55 million. The club is also looking at the sale of the new live indoor venue at Villa Park, The Warehouse, which is as yet unfinished. In addition, Chelsea and Aston Villa have both fallen on the wrong side of Uefa's new financial control system, the squad cost rules (SCR) which dictate no more than 80 per cent of revenue can be spent on wages and additional costs such as agents' fees. In Chelsea's case that has resulted in an €11 million fine, and for Villa €6 million. Premier League financial controls do not forbid clubs from selling assets within the ownership group, and nor have the 20 clubs taken steps to rule out player swaps. As a consequence both clubs will pass the Premier League's profit and sustainability rules (PSR). At the Premier League AGM last month, there was so little support for a change to PSR that clubs did not even progress to vote on the issue. Also hit hard were Barcelona, fined €60 million with €45 million of that suspended over two years for declaring non-admissible income. The troubled French club Lyon, at which US investor John Textor has recently stepped down from the board, was fined €12.5 million with a further €37.5 million suspended over four years. Lyon still face the prospect of relegation to Ligue 2 by French regulators. Villa wish to avoid a mass exodus of stars and plan one 'big' sale, with the future of Argentina goalkeeper Emiliano Martinez still uncertain. Leon Bailey, Emiliano Buendia, Leander Dendoncker and Louie Barry will be more obvious sales this summer.
The Sun
5 days ago
- Business
- The Sun
Aston Villa ‘do a Chelsea' with sneaky trick to avoid breaching PSR rules just hours before deadline
ASTON VILLA are nearing a £55m deal that would see their women's team sold to the club's own parent company. The club hopes the sale will offset recent losses in order to help them comply with PSR rules. 2 Villa are also in talks to sell a 10 percent stake in the women's team to American investors for £5.5m, according to The Telegraph. The Premier League requires that fees paid for internal assets are reasonable, with the sale price of the minority stake driving the overall team's valuation of around £60m. The Midlands club would be able to sell the remaining 90 percent stake to their own parent company, V Sports, and put the proceeds towards their 2024-25 accounts. V Sports is co-owned by American Wes Edens and Egyptian Nassef Sawiris, with the pair having taken the reins at Villa Park in 2021. Chelsea used a similar trick to avoid falling foul of PSR last year, when they sold their women's team to parent company BlueCo. The Blues pocketed close to £200m in that deal, just months after selling an eight percent stake in the women's team to Reddit founder Alexis Ohanian. The West-London outfit have been on a relentless spending spree since American Investor Todd Boehly took over in May of 2022, but have so far escaped breaching PSR. Villa have not spent so freely in the transfer market, but, despite their recent European campaigns, have still found themselves having to resort to sneaky tactics and reductions in player costs to stay within financial regulations. Similar accounting measures are being considered for the club's new events space 'The Warehouse.' JOIN SUN VEGAS: GET £50 BONUS 2 The space could be valued at around £50m - despite it not being planned to open until December 2025. Losses of over £105m over the last three seasons would put The Villans in PSR hot water, but the club are 'confident' that they will remain within the regulations come the deadline. The PSR accounting deadline is Monday the 30th June, however, the club could still include the sales in their 2024-25 accounts provided the sale was agreed in principle before the deadline.
The Guardian
5 days ago
- Business
- The Guardian
Aston Villa move to sell women's team in push to avoid PSR breach
Aston Villa have moved to sell their women's team to help comply with the Premier League's profitability and sustainability regulations. Villa are confident of avoiding a PSR breach, empowering them to keep their star players. Villa have agreed a deal to sell their women's team to V Sports, their parent company founded by the club's billionaire owners Wes Edens and Nassef Sawiris. V Sports also owns a 29% stake in the Portuguese side Vitória SC and a 25% stake in Real Unión, in which Villa's manager, Unai Emery, has a controlling stake. Emiliano Martínez is thought to be seeking a fresh challenge but the Argentina goalkeeper, thought to be the club's highest earner, is under contract until 2029. Villa have no desire to sell assets such as Morgan Rogers or Ollie Watkins. Chelsea balanced the books by selling their women's team to the club's parent company, BlueCo, generating almost £200m. For Villa, the sale of the women's team would provide a significant financial boost in their PSR calculations. Villa finished sixth in the Women's Super League last season and have played in the top flight since 2020-21. Villa's men's team also finished sixth in 2024-25, securing a place in the Europa League. Villa have been working to alleviate financial pressures after absorbing losses of £195m across the past two years. Fringe players could be offloaded but Emery is determined to enhance his squad after qualifying for European competition for a third successive season. Villa are working to terminate the contract of Philippe Coutinho, who signed permanently from Barcelona on a four-year contract worth about £125,000 a week in 2022. The 33-year-old Brazil midfielder has spent the past two seasons on loans. The defender Kaine Kesler-Hayden, who spent last season on loan at Preston, is expected to join Coventry for £3.5m and the forward Louie Barry could join Hull, where he spent the second half of last season on loan, on a permanent basis. Neither deal would have a significant bearing on Villa's PSR. Sign up to Football Daily Kick off your evenings with the Guardian's take on the world of football after newsletter promotion The loans of Marcus Rashford, Marco Asensio and Axel Disasi end on Monday, when the contracts of backup goalkeeper Robin Olsen and defender Kortney Hause also finish.
New York Times
5 days ago
- Business
- New York Times
Aston Villa agree deal to sell women's team to owner V Sports
Aston Villa have agreed a deal to sell their women's team to V Sports and a stake in the operation to prominent U.S.-based investors. Villa say they have no issues regarding the Premier League's profitability and sustainability rules (PSR) and are having positive discussions with UEFA about a resolution in relation to compliance with its financial fair play (FFP) regulations. Advertisement V Sports is the parent company which owns Villa and was previously founded as NWSE, before being rebranded in 2021. It is jointly owned by American billionaire Wes Edens and Egyptian billionaire Nassef Sawiris, the latter of whom is Villa chairman. V Sports also owns a 29 per cent stake in Portuguese side Vitoria S.C. and a 25 per cent stake in Spanish side Real Union. It holds partnership agreements with Egyptian Premier League club ZED FC and Vissel Kobe of the J1 League. The Athletic reported last week that Villa were exploring the option of selling their women's team to help with PSR compliance. One source, speaking on the condition of anonymity to protect relationships, said Villa have been looking into a sale for the past 18 months, having recorded losses of £195million ($267) over the past two years — leaving them in danger of breaching PSR. Villa's move mirrors one which fellow Premier League side Chelsea made in June 2024, when their women's team was sold to BlueCo, the company which owns the west London club, for £200m. In May, Chelsea sold an eight per cent stake in the women's team to Alexis Ohanian, founder of Reddit and husband of tennis star Serena Williams. That stake put the total value of the team at approximately £245m. Villa finished sixth in the Women's Super League (WSL) last season and have played in the English top flight since 2020-21. The men's team also finished sixth in 2024-25 and will play in the Europa League next term as a result. Villa reported a loss of £85.4mi for the 2023-24 season following a loss of £119.6m for 2022-23. They turned a profit of £300,000 in 2021-22 but a combined loss of more than £105mi over three seasons would constitute a PSR breach, although spending on infrastructure, youth and women's football is exempt. ()
