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Villa owners make fresh cash injection during transfer spree
Aston Villa’s owners Nassef Sawiris and Wes Edens have injected fresh capital into the club’s holding company.
A filing onshows the allotment of 30,000,000 shares at the value of £1 each.
Effective from September 22, the full value of the shares was paid at the time with exactly £30million injected into NSWE UK Limited.
The company was formerly named Recon Group UK Limited butto reflect the change of ownership from Tony Xia to and
There are no details as to what the money may be in aid of directly, but allotting shares is a fairly standard practice to finance a business so that it may meet cash-flow requirements, finance day-to-day operations or pay off debts.
Billionaires Sawiris and Edens have used share issues to inject fresh capital intoon several occasions since their takeover of the club in July 2018.