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Statement From Aston Villa

Statement From Aston Villa

The club have made an announcement on the official site with regards to the 'takeover' talk.

It reads, taken directly from the official site:

A number of supporters have contacted the club recently requesting information regarding the current takeover discussions.

Whilst we understand the interest and concerns of supporters and shareholders, as a listed company, we are strictly limited to what we can and cannot say regarding the current situation.

Consequently, we have communicated all possible information to supporters and shareholders via the Stock Exchange.

However, the following points give a brief summary of the legal requirements that any listed company must adhere to in such circumstances.

*As Aston Villa is a listed company, the board and its representatives have a legal duty to conduct any takeover negotiations strictly in accordance with the regulations.

*There can be no special deals struck for the benefit of any individual. Personal interests cannot be pursued and all negotiations are conducted in the best interest of all shareholders and the football club.

*As the company's retained advisor, Rothschild has been, and will continue to be, present at all meetings to ensure regulatory practice is upheld.

*The board of Aston Villa are duty bound to consider the merits, or otherwise, of all offers made to the club.

*In such situations, it is not legally possible for a listed company to divulge specific information relating to a takeover without first informing the Stock Exchange.

*Accordingly, as and when appropriate, a further announcement will be made.


Click here to join in the debate on the club forum.

Writer:J P Fear
Date:Monday July 31 2006
Time: 12:42PM

Comments

0
In other words b****r off and stop contacting us.
still skeggy
31/07/2006 12:47:00
0
rubbish. no takeover is happening, heard it all before. Time for doug to get a new manager and sign a couple of players pronto.
tylervilla
31/07/2006 12:51:00
0
Anyone care to report them then. Two of the above statements are lies as they haven't been met
avfc48
31/07/2006 12:52:00
0
hate to say it but the club do have there hands tied with regards to communication.im just wondering though,does this rule apply to posible bidders as neville has been spouting his mouth off,wheras lerner is being very coy on the situation.
JASON
31/07/2006 12:55:00
0
Neville said he was going to have talks with Ellis over the weekend, but I don't think he was he seen entering or leaving Villa Park. In my experience no news is bad news. But how many suitors can the old man shrug off without being revealed as a liar and a charlatan.
Saurat
31/07/2006 13:09:00
0
I find it very worrying that Neville has been quoted as saying he'll be happy to merge with one of the other parties interested. What's that all about? (a) You don't say that kind of stuff in public, you contact the people privately but (b) Has his backers got itchy feet? He's been raising supporters hopes for a while now. I wish he'd shut up and do his talking to the club for a change.
baros10
31/07/2006 13:17:00
0
The thing that worries me aout the Neville consortium is the wording of the statements. E.g. we are looking to provide £20m for the manager to spend on players. There is rarely a qualified statement where the wording suggests that the funding is definitely in place. Or am I being too picky?
Cheshire Villan
31/07/2006 13:20:00
0
It is all down yet again to Ellis, we need to keep going on the Ellis out even if he convinces Martin O'Neill to take the job while re remains at VP. Although I doubt O'Neill would go to VP while Ellis is there.
irish villa
31/07/2006 13:25:00
0
I'd love him to prove me wrong Cheshire Villan as if it's true he wants a Taylor/O'Niel partnership then that's always going to get me excited as it sounds great..but that's partly with the problem with this guy. He's telling everyone what they want to hear - making villa great again, being a lifelong villa fan, fans playing a role in what happens, graham taylor and martin o'niel, 20 million..but as you say, it's all a bit uncertain with his funding. According to the Mail, the AV06 group want Michael Laudrup and John Jensen as manager and will pull out if O'Niel gets in.....You couldn't make all this up!
baros10
31/07/2006 13:27:00
0
The statement is correct but in that case why all the leaks, they are worse than the facts. They do have hands tied to a degree but they could say several offers or close to a deal etc broad statements. But the rumours are really the worst for us fans.
NY Villa
31/07/2006 14:20:00
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