by The company that owns Aston Villa, V Sports, said this afternoon that it has reached an agreement to buy 46% of SAD from Vitória de Guimarães.
To complete the deal, the only thing missing is the approval of Vitoria’s partners, the English club explained in a statement.
“AV Sports intends to create a synergy between the two clubs, which encourages the sharing of scouting networks around the world, methodologies in coaching work, best practices and strategies for the development of youth academies in Europe and Africa,” it states in document. .
On the same note, however, Nassef Sawiris, one of Villa’s owners – the other being Wes Edens – revealed that this is a deal that has been in the works for about two years: “The negotiations, which have been going on for almost two years, developed favorably thanks to the positive steps taken by management led by Antonio Miguel Cardoso, whose energy and vision were vital to the completion of the deal.”
In turn, António Miguel Cardoso, president of the Minho emblem, speaks of an “important moment”. “From the first meeting, Mr. Nassef Sawiris showed that he is a man of serious commitments and that he would be available to be the right partner, what Vitória needs at this important moment in our history,” he said.
The businesses will yield 5.5 million euros
Also in a statement, Vitória referred to the deal which, if completed, would immediately bring €5.5 million to SAD Vimaranense’s coffers.
“Vitoria Sport Clube has in its hands the ability to secure a financial partner of enormous importance. This is the V Sports fund, led by Nassef Sawiris and owner of Aston Villa FC, which has already reached an agreement according to António Miguel Cardoso [presidente do clube] for the purchase of 46 shares of EDE for 5.5 million euros.”
In addition, Vitória also informs that this future partner will invest two million euros in infrastructure: “As a result of the established pre-contract, SAD’s future partner will support the investment of two million euros in infrastructure, which will be implemented in two years, making possible a credit line of up to 20 million euros, with an interest rate on preferential terms.”
Aston Villa can confirm that the club’s holding company, V Sports, has entered into a sale and purchase agreement to acquire a 46 per cent stake in Portuguese side Vitória Sport Clube.
— Aston Villa (@AVFCOfficial)
February 14, 2023
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