Sawiris has invested heavily in the ownership of sports teams, particularly within
association football. Alongside billionaire
Wes Edens, Sawiris owns the football club
holding company V Sports: who own
Premier League team
Aston Villa and a 29% stake in
Primeira Liga team
Vitória S.C. As of March 2021, Sawiris also owns a 6.3% stake in American company
MSG Sports: whose assets include the
NBA team
New York Knicks and
NHL team
New York Rangers.
Aston Villa In July 2018, a consortium consisting of Sawiris and fellow billionaire
Wes Edens, referring to themselves as NSWE, purchased a 55% controlling stake worth £30m in English
Championship club
Aston Villa. The club had faced significant cash flow issues under previous owner
Tony Xia, and faced a potential
winding-up order by HMRC, following an unpaid £4m tax bill. Following the takeover, NSWE invested significant funds into addressing said issues. Following a significant turnover of management and playing staff: including the appointment of former Liverpool executive
Christian Purslow as CEO and the appointment of
Dean Smith as manager, the club would be subsequently be promoted back to the
Premier League. This included a period of Villa's longest ever winning streak of 10 games. Following promotion, NSWE bought out the remainder of Xia's shares to become sole owners in August 2019. This was done by taking on an unpaid £30m debt owed by Xia to former owner
Randy Lerner. Sawiris and Eden's ownership of Aston Villa has marked a period of heavy investment, with approximately £360m of debt-free share capital injected into the as of August 2022. Plans to expand
Villa Park from 42,682 seats to over 50,000, including the demolition of the North Stand and the creation of a major retail venue, are at an advanced stage. The project is set to cost over £100m, and will be entirely funded by V Sports. In 2021, the NSWE holding company rebranded to V Sports, with a view of investing into other clubs around the world via a multi-club model.
Vitória de Guimarães In February 2023, V Sports entered into an agreement to purchase a 46% stake worth €5m in Portuguese
Primeira Liga team
Vitória S.C. As part of the agreement, V Sports would invest an additional €2m into sporting infrastructure within the next 2 years, and provide a
credit line of up to €20m. The agreement was ratified by Vitória's members on 4 March 2023. ==Other activities==