Tue, 13 May 2014 | BUSINESS SALE
American owner Randy Lerner has put Aston Villa Football Club up for sale.
The Premier League team finished in 15th place in the season that ended on Sunday. After much speculation and doubt over his future as the club’s owner, Mr Lerner confirmed yesterday (12 May) that he is looking for a buyer for Birmingham-based Villa.
Mr Lerner bought the side in 2006 for £63.6 million but said the time had come for “fresh, invigorated leadership” to take the club forward. When he came to the helm eight years ago, the American said that he wished to push Aston Villa back to the top of European football but instead the team has recently found itself in an ongoing scrap just to stay in the top division of English football.
In a statement, Mr Lerner said: "Several weeks back I said that following the end of the season I would clarify my future role with the club, and address what had become seemingly constant rumours of a sale.
"I have come to know well that fates are fickle in the business of English football. And I feel that I have pushed mine well past the limit."
Bank of America Merrill Lynch will advise Mr Lerner on the club's sale and it is expected that he will be looking for a price of around £200 million.
______________________________________________________________________
Related information:
Business acquisition funding
Businesses for sale
Founded in 2018, this business has grown from a passion project into a leading manufacturer of luxurious, bespoke shepherd huts and glamping products.
Established in 1990, this company has evolved into a market leader in the dynamic field of digital signage solutions, building on over 30 years of expertise in computer graphics, animation, and technology integration.
Langleys of Norwich is believed to be the second oldest continually trading toy shop in the UK after Hamleys, with its history traceable to the 1880s. It has touched the lives of many generations, and the grandchildren of its very first customers now...
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.