TAKEOVER RACE HOTS UP AT VILLA
July 24th, 2006
American billionaire and Cleveland Browns owner Randy Lerner is reportedly preparing a takeover of Premiership club Aston Villa.
It is understood he will enter the bidding for the West Midlands club when Villa chairman Doug Ellis returns from holiday this week. Ellis put Villa on the market in October last year, but despite interest from a number of parties, is yet to receive a firm offer.
The 44-year-old Lerner has an estimated 1.2 billion-dollar fortune and is chairman of credit card giants MBNA, while business magazine Forbes ranks the Browns as the seventh-most valuable franchise in the NFL at 892 million US dollars.
Ellis is now thought to want around £57million for the club, having originally asked for £64million before the sale of land.
Could this finally be the re-awakening of the sleeping giant that is Aston Villa?
Entry Filed under: Sports News & Results
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