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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|1.||Pride of Lions||644|
|Aston Villa||2||-||1||Leicester City|
|Crystal Palace||0||-||1||Aston Villa|
|West Ham||0||-||0||Aston Villa|
|13. Aston Villa||16||5||4||7||-10||19|
|16. Crystal Palace||16||3||6||7||-5||15|
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