Kieran Maguire impressed by ‘long-term’ Aston Villa plan after source’s £20m reveal
The new £20million of shares issued at Aston Villa will likely be put towards expanding Villa Park.
That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the latest investment from Villa owners Nassef Sawiris and Wes Edens.
Football Insider sources revealed last Thursday (30 March) that Aston Villa’s owners have pumped £20million into the club in the form of a new share issue.
It is the club’s fifth share issue in the last seven months, with the amount invested during that time now totalling £118.5m.
Both Sawiris and Edens have shown lofty ambitions at Villa since their takeover in July 2018, and this latest share issue is another sign of their long-term plans at the club.
Maguire believes the latest investment could be spent on expanding and improving Villa Park in an attempt to increase matchday revenue.
“This new investment is equity being put in by Nassef Sawiris and Wes Edens,” Maguire told Football Insider.
“It will more likely go into the long-term development of Villa Park.
“They do want to increase the capacity of the stadium.
“There is a constant theme of keeping up in the Premier League with Spurs and West Ham moving stadiums, Man City and Liverpool increasing capacity and Leicester and Crystal Palace also discussing expansions.
“Villa have to be involved with similar projects to match their rivals.
“If football in the Premier League moves to a similar model to Uefa’s Financial and Sustainability rules then revenue will dictate the amount they can spend.“
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