Date:Monday October 10 2005
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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|2.||Pride of Lions||852|
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|Aston Villa||0||-||2||Man City|
|15. Aston Villa||9||3||1||5||-10||10|
|16. Crystal Palace||9||2||3||4||-3||9|
|17. Leicester City||9||2||3||4||-4||9|
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