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Takeover Off

Former Birmingham and Manchester City defender Ray Ranson has ended his interest in taking over Aston Villa. Ranson, a successful businessman, had been linked with a 45m bid for the Midlands outfit, but his proposal has been rejected by the Villa board.

'Ray Ranson confirms he submitted a proposal to the board of Aston Villa plc subject to due diligence,' a statement to the Stock Exchange said.

'The board of Aston Villa plc have decided that the price was inadequate.'

The statement added: 'Mr Ranson has therefore decided not to pursue his interest in making an offer.'

Major shareholder and chairman Doug Ellis has resisted any attempts to buy control of Villa and a 30m bid from a consortium, which included Ranson, was rejected 14 months ago.

Ellis has suffered health problems in recent weeks and is recovering from triple heart bypass surgery.




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The Journalist

Writer:  Mail feedback, articles or suggestions

Date:Monday October 10 2005

Time: 9:33PM

Your Comments (oldest first)

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Thoroughly enjoyed that game, most entertaining! Spurs on the other hand, with only 1 win in 19 at Villa Park, might not have enjoyed it quite so much.
DP
Report Abuse
22/03/2006 00:31:00

Thoroughly enjoyed that game, most entertaining! Spurs on the other hand, with only 1 win in 19 at Villa Park, might not have enjoyed it quite so much.
DP
Report Abuse
22/03/2006 00:31:00

 

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