Aston Villa has confirmed that the club will benefit from NSWE's what they call "significant investment capital", which will help alleviate the club's ongoing financial woes.
The claret and blues have been looking for outside investment in recent weeks and months to lessen the burden of missing out on promotion to the Premier League at the end of last season.
Dr. Tony Xia has negotiated with a Middle East consortium, as disclosed exclusively by BirminghamLive and now the club has confirmed that a deal has been approved by the EFL.
Xia will remain on the board and become co-chairman.  NSWE is led by businessmen Nassef Sawiris and Wes Edens, and they will now invest in the club, including reinforcing the player squad.
An ambitious member of Egypt & # 39; The richest family is behind the takeover of Aston Villa, writes Gregg Evans.
Nassef Sawiris has a contract with Tony Xia.
The Sawiris family is the most famous and richest family in Egypt – but what else do we know about them?
Well, they have made an incredible fortune over the years.
Forbes estimated the combined net assets of the family at $ 36 billion, underscoring their financial strength.
The American businessman Wes Edens is the other man involved in the acquisition.
The 56-year-old has a sporting background and is co-owner of NBA franchise Milwaukee Bucks in the US.
Edens has also invested heavily in the increasingly popular eSports world and owns FlyQuest, a League of Legends team based in his home country.