With Aston Villa’s successful promotion back to the Premier League following our Championship Play-Off Final victory over Derby County on Monday afternoon, it seems plenty of plans have already been put in place behind the scenes as Companies House revealed major changes to the makeup of the clubs’ structure on Thursday afternoon.
Although the releases were dated May 30, they came into effect back in the middle of the month and with it already known that one of our arms had rebranded itself as NSWE Stadium Limited, that had already kick started further speculation that we were planning to following the lead of Derby when it came to their stadium sale and lease back deal.
With promotion secured I assume this might not now be a path we follow – but the structure is clearly in place if we want to.
In short, NSWE Stadium Limited has in effect split itself off from Aston Villa Limited, but remains under the arm of Recon Group UK Limited but Dr Tony Xia and CEO Christian Purslow have resigned as directors of that arm…with only Nassef Sawiris and Wes Edens remaining, but Sawiris takes on the tag of ‘person of significant control’ which puts him in charge of the Trust, as well as control over trustees which may or may not include property assets depending on where they now sit in the structure.
Cutting a complicated story short – we have now seemingly set ourselves up to do a Derby, where being outside of Aston Villa Limited, the trust ‘NSWE Stadium Limited’ can now be sold directly to Sawiris and Edens – if it hasn’t already happened.
There are no guarantees I’m right and those with greater knowledge can probably point out some easy errors in my explanation, but that’s the only way I can get my head around it as otherwise the Purslow resignation wouldn’t make sense and it seems plenty have had the same train of thought.
We’ll soon find out and then we can expect to see another meltdown from the direction of Middlesbrough.
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