Writer: J P Fear
Date:Friday November 18 2005
A report in the Express & Star by Martin Swain claims the proposed £65million takeover of Aston Villa is about to collapse. According to the report, Luke and Brian Comer aren't happy with the profit potential and the paper quotes a source close to the multi millionaire brothers' as saying 'The figures just do not stack up'.
The Comer brothers haven't publicly commented since the interest was first announced to the City by Aston Villa plc before this years AGM. However reports have suggested that their main area of interest was the potential for property deals. Villa hold a couple of significant plots of land within Aston and the surrounding areas. However, having looked more closely, the suggestion is they don't believe the potential is good enough for what they had in mind. This could be worryingly accurate because neither Luke or Brian are thought to be fans of football.
Martin Swain reports that they were interested in what they thought would be land deals in the region of £100million but 'that is just not the case. There are two extra pieces of land worth between £15m-£20m, but not enough to warrant spending £65m buying the club.'
Aston Villa have stated that talks are 'on-going' and Mike Neville, who is Comer Homes chief operating executive also says the deal is still on.
Several reports today have also focused on the broker who is said to have brought this deal to the table. Paul Garland is awaiting sentencing on 11 counts of deception to which he has pleaded guilty.
So, unless these reports are wide of the mark, back to square one by the looks of it! Lets face it, there needs to be a resolution one way or the other, at the moment the club is in limbo, and that isn't healthy for the plc or playing side of things.
What are the odds of a report about the next bid come Sunday?! Shame we can't divert Bob Kraft's attentions from a rumoured £100million takeover at Liverpool.
Date:Friday November 18 2005
Stats: Aston Villa v Arsenal (Saturday September 20 2014)
Keane's Too Good For TV (Saturday September 20 2014)
Something For The Weekend (466) (Friday September 19 2014)
Lambert - We Have To Build On This (Friday September 19 2014)
Loan Spell Will Do Robinson Good (Friday September 19 2014)
Lawro Tips Arsenal For Victory (Friday September 19 2014)
Lambert - Ron Remains A Doubt (Thursday September 18 2014)
Guzan - Villa Park Will Be Rocking (Thursday September 18 2014)
Lambert Speaks Following Contract Extension (Wednesday September 17 2014)
Paul Lambert Extends Villa Stay (Wednesday September 17 2014)
|2.||Pride of Lions||541|
|6.||Villan Of The North||221|
|Aston Villa||2||-||1||Hull City|
|3. Aston Villa||5||3||1||1||+0||10|
|6. Man City||4||2||1||1||+3||7|
|Report - Bony Sent Off As Southampton Win 1-0
» Swansea : 20/09/2014 19:47:00
|Chelsea set to sign Manea
» Chelsea : 20/09/2014 18:00:00
» Sunderland : 20/09/2014 17:16:00
» Southampton : 20/09/2014 17:03:00
» Q.P.R. : 20/09/2014 17:00:00