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
The company is an automatic and industrial door supplier, installing a variety of systems, including but not limited to, automatic doors, fire resistant shutters, entrance barriers, roller shutters and garage doors.
Well-established company operating for over 23 years. Offers a range of driving positions, which include day runs, local runs, local shunting, nights out and tramping.
The company is a business-to-business wholesaler of cask ales, continental lagers, and craft cider. Since its establishment, the business has cultivated strong relationships with high-profile and local breweries, gaining exclusive access to their pro...
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.