Latest news with #ChrisHeck
New York Times
6 days ago
- Business
- New York Times
Aston Villa's search for stadium naming rights and the spectre of PSR
It was in early 2024 that The Athletic was told of Aston Villa's desire to pursue stadium naming rights. Chris Heck, the club's president of business operations at the time, led discussions among staff to find a lucrative, big-brand sponsorship to rename Villa Park. Many clubs have raised significant revenue this way, including Arsenal with the Emirates Stadium, Manchester City's Etihad Stadium or, further away, Barcelona's Spotify Camp Nou. Heck and his team cast the net far and wide, discussing worldwide brands, but a suitable partner has not been found. Advertisement Until his official departure at the end of May 2025, Heck was tasked with rapidly growing commercial streams, removing existing sponsorship agreements with incumbent partners and seeking more lucrative contracts. It has been far from plain sailing. Villa have cut ties with kit manufacturer Castore and moved to Adidas. In April 2024, they also ended their relationship with front-of-shirt sponsor BK8 two years early. In both examples, Villa received financial uplifts, which assisted an improvement in commercial income, growing £24.2million ($32.9m), or 62 per cent, in just two years. The 2023-24 accounts showed record revenues for the second year running, with income hitting £275.7m; it will be three in a row in 2024-25 following their Champions League run. Stadium naming rights would, undoubtedly, have the greatest commercial impact, far exceeding any additional money brought in through the hike in ticket prices at the start of the 2024-25 campaign or the upcoming season's rise of five per cent. A comparative example would be Everton, after Liverpool-based legal firm Hill Dickinson became the naming-rights partner for their new stadium. Everton said it was 'one of the largest stadium naming rights deals in Europe', with multiple reports that it could be up to £10m a year. Heck attributed last season's high ticket prices in the Champions League — the cheapest seat cost £70 — to the need to comply with profit and sustainability rules (PSR) but frankly, securing a big-name partner would bring in far more revenue than another increase. 'Achieving our sporting ambitions while complying with financial stability regulations requires difficult decisions,' said Heck in a statement last September and in response to supporter backlash over Champions League prices. 'Financial fair play rules prohibit owners from covering shortfalls to finance this ambition, so we need to generate as much revenue as possible through sponsorships, merchandise and ticket sales to ensure that we can keep the club where it rightfully belongs — competing and winning at the top of English and European football.' Advertisement Director of football operations Damian Vidagany acknowledged the cost of following Villa last season. 'I would like to show how grateful we are to the supporters,' he wrote in a letter to fans at the end of last season. 'From everyone at the club, the manager, the players, and the staff — for the European night atmospheres we had at Villa Park. We know how hard it was for many people to get tickets and pay for them.' For all the growth commercially, it was influenced by on-field success, with the Champions League providing a cash injection in prize money and television rights. But the question lingers. Would supporters sacrifice tradition and be prepared to change Villa Park's name in exchange for PSR to be less of a yearly issue? 'Commercial income plays a vital role in enabling the club to remain competitive, in the Premier League and in Europe,' says Mo Razzaq, chair of the Aston Villa Supporters' Trust. 'If naming rights can contribute meaningfully to that, helping us invest in the squad and infrastructure while staying within financial regulations, then it's a conversation worth having. 'That said, Villa Park is more than just a stadium — it's a symbol of our history and identity. For generations of fans, it will always be Villa Park, regardless of any commercial partnership.' 'One of Villa's unique selling points is its historical gravitas — and renaming Villa Park would risk diluting that legacy,' adds David Michael, who sits on the fan advisory board and is the editor and founder of My Old Man Said, a fan-run website. 'If sacrificing identity doesn't deliver clear success, what was it all for? To help cover agent fees (£25.1million last season), UEFA fines, and inflated wages? If all it buys is a tidier balance sheet, the trade-off feels hollow.' Villa replicated Chelsea in selling their women's team to the company that owns them, V Sports, led by Nassef Sawiris and Wes Edens, while trading a small stake to an American investor. This helped solve Villa's PSR issues as a one-off but again provokes the discussion of raising revenue and maintaining aspects of club tradition. Advertisement Villa Park has been the club's home since 1897. It was opened as the Aston Lower Grounds, but fans began to refer to it as 'Villa Park' at the beginning of the 20th century. Remarkably, the club has never announced an official name change, with local press initially using other names, such as the 'Aston Grounds' or 'Villa Grounds'. This is, in name and history, a stadium that belongs to its supporters. Built at the end of a hugely successful era, when Villa were the dominant team of the Victorian age, they had a home befitting of their stature. 'If the club does pursue naming rights, it's essential that any chosen partner reflects the heritage of Aston Villa,' continues Razzaq. 'The association should feel authentic and respectful of what the club stands for.' These days, supporters have needed to grow used to the idea that football, compared to the Victorian era when it was there as a form of weekend escapism for the working class, is becoming a more expensive sport to watch. Many fans felt Heck's main mode of increasing revenue was to raise ticket prices and introduce more corporate and hospitality areas around the ground, which ran into problems. Manager Unai Emery has driven Villa's on-pitch success, making him the club's key revenue driver. Villa's fourth-place finish in the 2023-24 season generated £162.4m in Premier League prize money and reaching the quarter-finals of the Champions League in 2024-25 amassed more than £70m. This ensured Villa topped £300m in income for the first time. Qualifying for Europe's elite competition allowed Villa to be more ambitious during commercial negotiations. Sources who shared existing knowledge of recent deals, speaking on condition of anonymity to protect relationships, told The Athletic that last season's agreements included 'kickers'. This means the club receives additional revenue every time they qualify for the Champions League, unlocking extra sponsorship money. Rightly or wrongly, Villa felt they could charge as much as £92 per ticket for a home game against Brighton & Hove Albion and £97 for a non-season-ticket holder ticket for a Champions League fixture because of the attractiveness of Emery's team. Villa aspire to compete with Europe's biggest clubs but are yet to tap into the commercial markets they benefit from. They remain without a sponsor for their training kit and training ground, Bodymoor Heath. Invariably, seeking wider partners will be a focus for Heck's replacement, Francesco Calvo, who worked at Juventus and Roma. Calvo is due to start work at Villa this month and is well-liked among football staff. The Italian executive has a strong track record for working with fans and wants to build a stronger relationship between the football and business departments. Adrian Filby, the commercial director who was formerly at Celtic, will be involved in future stadium discussions. 'Villa Park will always be my church,' says Dave Wickes, chair of the Cornwall Lions. 'I'm not for changing the names of traditional football stadiums but with PSR, Villa need the finance from things like renaming the stadium to help us get to the levels of competing with the elite to win trophies. That's how fans judge the club.' Advertisement Supporters widely accept that Villa Park, though retaining its history, must be redeveloped. There were 30,000 people on the season ticket waiting list in 2023 and the stadium's capacity of 42,000 is no longer suitable to match demand. There is also natural decay in parts of the ground, such as the turnstiles and concourses. There is an understanding that certain areas of Villa Park are too small and sometimes difficult to steward. The club announced they would restart plans to build a 50,000-seater stadium in time for Euro 2028, a tournament where Villa Park will host matches. Villa and the West Midlands Combined Authority (WMCA) face logistical and financial issues but should the proposal be put into action, gate receipts will considerably boost revenue. Villa are far removed from the traditional 'Big Six' for matchday revenue and, more gallingly, trail West Ham United — which boasts a ground that holds 20,000 more spectators — and Newcastle United, who have 10,000 more seats, by £16.6m and £22.1m respectively. A redeveloped and expanded Villa Park may be celebrated with new naming rights. But preserving Villa's traditions will surely be of equal, if not more, importance. 'Even a U.S.-style approach — naming the pitch rather than the stadium, as in 'Sponsor Name pitch at Villa Park' — could preserve heritage while bringing in funds,' says Michael. 'But as fans increasingly see their clubs carved up for commercial gain, the real risk is not financial — it's the slow erosion of the club's soul.'
Global News
04-06-2025
- Business
- Global News
Nova Scotia Power CEO, staff grilled by politicians over cybersecurity breach
Provincial politicians took aim at Nova Scotia Power during a legislative committee meeting Wednesday morning, saying the utility owes ratepayers answers after a cybersecurity breach gave thieves access to data belonging to 280,000 customers. The utility's CEO and other staff were grilled by the public accounts committee about how the breach happened and what the company will do to protect its customers from financial harm. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Nova Scotia Power CEO Peter Gregg says the ransomware attack affected almost half of the utility's customers, including 140,000 customers who had given the utility their social insurance numbers. Chris Heck, chief digital officer with Nova Scotia Power's parent company Emera, told the committee that the company identified unusual activity on their server on April 25, but later determined the cyber-thieves had accessed the system as early as March 19. NDP Leader Claudia Chender pressed the two men to explain why Nova Scotia Power had been storing the social insurance numbers, but they declined to say, citing an ongoing investigation. Story continues below advertisement Meanwhile, the federal privacy commissioner has launched an investigation into the ransomware attack, with Philippe Dufresne saying in a statement last week he started the probe after receiving complaints about the security breach reported in late April.
BBC News
22-05-2025
- Business
- BBC News
Villa unveil new away kit inspired by 'modern spirit of Birmingham'
Aston Villa have unveiled the club's new 2025-26 away kit, featuring a design on the shoulder inspired by the Bullring in are opening a a new club store in the Bullring shopping area on Thursday where the new kit - also featuring a 'Villans' sign-off on the back neck and a heat-applied club badge on the chest - will be president of business Chris Heck said: "We wanted this to be a representation of our iconic home city, where a lot of our fans away-day journeys start and end."Kit makers Adidas said: "With Aston Villa's away kit, we wanted to create something that goes beyond performance – a jersey that captures the bold, modern spirit of Birmingham. The Bullring's architecture served as the perfect inspiration to tell the story of innovation and pride that run through the city and its football club."Unai Emery's side will wear the kit for the first time in Sunday's final Premier League match against Manchester United at Old do you think? Choose how you feel below.
Telegraph
30-04-2025
- Business
- Telegraph
Aston Villa chief who spearheaded rise to Champions League leaves for LIV Golf
The Aston Villa president of business operations, Chris Heck, is to leave at the end of the season to take on the same role at LIV Golf, Telegraph Sport understands. The US executive will depart after two years in the job in which he was tasked by owners Nassef Sawiris and Wes Edens with raising the club's revenue to £400 million by 2027 from a base of around £218 million last year. The expectation is that the club will announce annual revenue for the current financial year ending June of about £375 million. Villa 's revenue has been boosted by Champions League qualification but includes major gains in other income streams. Those results will be announced next year, by which time Heck's successor will be in place. Heck, 56, has been the de facto chief executive of the business side of the club and will now build the same corporate infrastructure at LIV Golf, the Saudi-backed PGA Tour breakaway. Under Heck, there has been major change at Villa Park with plans for a new North Stand announced this month, following a complete upgrade of hospitality last summer for Villa's return to European football's top competition for the first time since 1982-83. There was a supporter outcry at the raising of ticket prices for the four Champions League home games in the league stage for which Heck took much of the fire. Nevertheless, the rebuild of the North Stand is a major step forward that has been high on the supporters' list of priorities for some time – the current stand being a rather meagre effort to fill that part of the ground. The new design will use the current North Stand structure and eventually raise its capacity by 5,000 to more than 12,000 without any disruption to the use of the stand in the meantime. The changes are in addition to the new venue in the north car park, The Warehouse, a 4,000-capacity entertainment venue. Aston Villa's ambition under billionaire owner Sawiris knows no limits and to get there quickly under the Premier League profit and sustainability rules [PSR], the club needed to make major gains in its revenue. That was where Heck came in, formerly of the NBA franchise, the Philadelphia 76ers. For any executive it is a hard path to walk. Villa were newcomers to the modern format of the Champions League and as such a long way behind the big hitters of the English game and those in Europe. In the 2025 Deloitte world money league, an industry benchmark, Villa were a long way from the top, ranked 18th – still behind the big three in Serie A, as well as Newcastle United and West Ham. Under Deloitte's calculation for equivalent annual revenue, Villa were on €310 million. Bayern Munich, the club they beat in the 1982 European Cup final, who have missed just five Champions League seasons since the new format began in 1993, are on €765 million. Even they are some way behind the leaders Real Madrid who allegedly generate more than €1 billion annually. The club believe they may be four or five places further up when the next Deloitte analysis is completed. Heck's challenge was to raise revenue to £400 million in four years. Along the way he had to make some hard calls. Villa Park had gone a long time without major investment, its premium hospitality offering was a long way off the modern Champions League standard and that had to be addressed swiftly when Unai Emery's side finished fourth last season. The club's commercial operation had to respond accordingly. The other margin was in ticket prices. While Villa could not shift PSR loss-limits, they could raise ticket prices. Those kinds of decisions will never be popular, nor will the people who make them – as Sir Jim Ratcliffe is discovering at Manchester United with their current round of ticket price rises and supporter relocations. There seems to be a determination at Villa that they will be one of the new generation of clubs who establish themselves as Champions League regulars – although given the competitiveness of the Premier League that may not be every season. Heck launched Villa on that mission, and every step of the way and incremental rise in revenue for his successors will be just as hard.
New York Times
30-04-2025
- Business
- New York Times
Aston Villa president of business operations Chris Heck to leave the club at end of season
Aston Villa's president of business operations, Chris Heck, will leave the club at the end of the season. Heck, who joined in May 2023, has led Villa's off-field operations and has overseen record revenue, coinciding with Villa's qualification for the Champions League. He has led Villa's concerted efforts to improve revenue and commerical income, leading several different departments. Heck previously worked at NBA side Philadelphia 76ers for nine years as president before holding posts at New York Red Bulls, where he worked president of business operations. Advertisement Heck has come under intense scrutiny since joining Villa, owing to expensive ticketing pricing and other stadium issues, including selling season tickets to supporters that did not exist. The American is set to leave at the end of the season with a replacement to follow. (Zac Goodwin/PA Images via Getty Images)
