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Everton become latest Premier League club to sell women's team to parent company
Everton become latest Premier League club to sell women's team to parent company

The Independent

timea day ago

  • Business
  • The Independent

Everton become latest Premier League club to sell women's team to parent company

Everton 's women's team have been acquired by the parent company which also controls the men's team. The team has been bought by Roundhouse Capital, owned and controlled by American businessman Dan Friedkin, and was the entity used for the takeover of the club which was completed last December. The transaction will also benefit the men's team financially from the standpoint of Premier League profitability and sustainability rules (PSR) as the sale can be recorded as revenue in the club's accounts. It will also allow the women's team to attract dedicated minority investment and operate as a standalone entity. Under PSR, clubs cannot exceed maximum losses of £105m over a three-year accounting period. It is understood the transaction is at a fair-market valuation, as required by the Premier League under its associated party transaction (APT) rules governing deals between entities linked to a club's ownership. The move by Everton follows the sale by Chelsea and Aston Villa of their respective women's teams to related companies. Chelsea transferred the ownership of the women's team to Blueco 22 Midco Ltd on 28 June 2024, two days before the end of the financial year. The west London club valued their women's team at £200m before the sale went through, their latest accounts show. In April, the Blues announced a pre-tax profit of £128.4m for the year ending on 30 June 2024 – with £198.7m raised by selling subsidiaries. But the full accounts, published on Companies House, showed the sale of the women's team to Blueco Midco was the reason the club posted a profit. Aston Villa, meanwhile, agreed to sell their women's team to their own parent company, V Sports, to avoid being in breach of breaching PSR. V Sports, controlled by the Villa owners, billionaires Wes Edens and Nassef Sawaris, also holds stakes in other clubs in Spain and Portugal, while having partnerships in place with Egyptian and Japanese sides.

New Fortress Energy Taps Houlihan for Advice Amid Bond Rout
New Fortress Energy Taps Houlihan for Advice Amid Bond Rout

Bloomberg

time7 days ago

  • Business
  • Bloomberg

New Fortress Energy Taps Houlihan for Advice Amid Bond Rout

Billionaire investor Wes Edens' New Fortress Energy Inc. has tapped Houlihan Lokey for advice in anticipation of talks with creditors to cut its debt load, according to people with knowledge of the situation who asked not to be identified because they're not authorized to speak publicly. The liquefied natural gas company has been struggling with delayed projects that have dented its cash flow, resulting in even greater pressure on its already distressed debt pile. Its stock and bonds were roiled again Wednesday after Puerto Rico said it was ending negotiations over a 15-year deal to supply the island with LNG worth an estimated $20 billion.

Aston Villa agree deal to sell women's team to owners
Aston Villa agree deal to sell women's team to owners

Yahoo

time7 days ago

  • Business
  • Yahoo

Aston Villa agree deal to sell women's team to owners

Aston Villa have agreed a deal to sell their women's team to V Sports in a bid to ease Premier League Profit and Sustainability concerns. The deal, worth in the region of £55m, will see the women's side sold to V Sports, the parent company that owns Aston Villa. The group, jointly ran by billionaire duo Wes Edens and Nassef Sawiris, also owns stakes clubs including Real Union, Vitoria S.C, Vissel Kobe and ZED FC as part of their network. The Athletic are reporting that Aston Villa have been looking into the sale of their women's side for 18 months in order to remain compliant with Premier League PSR. The Villans have posted losses of £195million over the past two years and required revenue to avoid potential breaches. Chelsea performed a similar strategy when selling their women's side to BlueCo for £200m in June 2024. BlueCo own Chelsea Earlier this month, The Times reported that the Premier League was looking to close the 'loophole' that allowed Chelsea to sell their women's team and on-site hotels to a sister company to comply with PSR. It is worth noting that the regulations in the Premier League are different UEFA's rules. Europe's governing body does not accept the sale of assets to sister companies as revenue and have tighter restrictions on losses, wages and transfers. Aston Villa are currently working alongside UEFA to ensure their compliance, ahead of their 2025/26 Europa League campaign. Read – See more – Follow The Football Faithful on Social Media: | | | |

Aston Villa ‘do a Chelsea' with sneaky trick to avoid breaching PSR rules just hours before deadline
Aston Villa ‘do a Chelsea' with sneaky trick to avoid breaching PSR rules just hours before deadline

The Sun

time30-06-2025

  • 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.

Aston Villa agree deal to sell women's team to owner V Sports
Aston Villa agree deal to sell women's team to owner V Sports

New York Times

time30-06-2025

  • 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. ()

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