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Takeover Off

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.

Writer:
Date:Monday October 10 2005
Time: 9:33PM

Comments

0
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
22/03/2006 00:31:00
0
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
22/03/2006 00:31:00
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