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Tony Xia Relinquishes Control But His Plans Could Continue

As Tony Xia’s stake in Aston Villa continues to dwindle, his vision may not be completely dead thanks to Wes Edens’ interest in FC Kobenhavn.
Words by Regan Foy (@FindFoy)

Former Aston Villa owner Tony Xia has now relinquished control of Aston Villa football club.

In practice, Dr Tony Xia has not been in control at the club since the summer, when Nassef Sawiris and Wes Edens took over.

As per a recent update via Companies House, Xia’s stake within the club has dropped below 25%, a sign that the slow phase out of the club is well underway and approaching completion.

But, according to Reuters, one of the plans that Tony Xia had for Aston Villa – aside from building a footballing theme park near Villa Park, getting into the Champions League within half a decade and turning the club into a global power – could still continue under the new owners. It seems the idea of purchasing multiple clubs to act as feeders to Villa could still be on.

Reports in Denmark are that investors backed by Fortress Investment Group, which was co-founded by current Aston Villa co-owner Wes Edens are looking to purchase the body that owns Danish club FC Kobenhavn (Copenhagen) for around $195,000,000.

One of Tony Xia’s plans included following a similar business model to that of the ‘City Group’, involving Manchester City, Melbourne City and New York City – a conglomerate of football clubs spanning nations and even continents. 

Should Wes Edens’ investment group take the reigns of Parken Sport and Entertainment, FC Copenhagen could be used as somewhat of a feeder club for Aston Villa. 

FC Copenhagen have won the Danish League 12 times since they were merged with another club in 1992

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