Vital Football

Latest Aston Villa News

Takeover Battle Nearly Won?

Takeover Battle Nearly Won?

John Curtis, Press Association.

The battle to take control of Aston Villa is expected to intensify in the next few days despite the club showing a £8.2million pre-tax loss for the year ending May 31, 2006.

American billionaire Randy Lerner and the consortium fronted by life-long Villa fan Michael Neville are still keen on buying the midlands club.

Lerner, the owner of NFL side Cleveland Browns, remains the apparent favourite and a personal fortune of $1.4billion means he is undeterred by Villa's loss which followed a profit of £3million for the previous 12 months.

The 44-year-old has shied away from any publicity since his first meeting with Villa chairman Doug Ellis a fortnight ago when he appeared to have pulled out of the deal.

But sources close to the Lerner camp are adamant this tactic was a 'smokescreen' to enable Lerner to get on with the task of buying Villa away from the media spotlight.

He has spoken again with Villa and their financial advisers Rothschild with a formal bid expected to be submitted sooner rather than later.

Neville is adamant he has the financial backing in place to match Ellis's £64million valuation of Villa.

But the possibility remains of the Solihull businessman joining forces with the consortium known as AV06 which is fronted by deputy judge Nicholas Padfield QC and talks are planned between the two groups.

Despite the losses, new Villa boss Martin O'Neill has been promised funds to cover the interim period before new owners arrive at Villa Park.

O'Neill is stepping up attempts to bring in £5million-rated Celtic midfielder Stilian Petrov and there are suggestions the Bulgarian may fly out to Villa's pre-season tour of Holland if the deal is pushed through by the weekend.

Unsurprisingly Villa's latest financial figures have not impressed shareholders and supporters.

Jonathan Feat {editors note. I think my name is Jonathan Fear, although I do often put my foot in mouth, so who knows?}, chairman of the Villa Shareholders' Association, said: 'It is another indication of why Mr Ellis should now leave Aston Villa and allow new owners with fresh ideas to take control.'

Villa's gates dropped by 8.7% in 2005-2006 after a poor season saw them finish in 16th place in the Premiership.

Fear added: 'David O'Leary was never popular with many of the fans and many of them voted with their feet by staying away from Villa Park.

'The combination of Mr O'Leary and Mr Ellis was a recipe for disaster.

'Hopefully now things will turn around with a new manager in Martin O'Neill, who was the fans' number one choice, and a new consortium hopefully taking over in the near future.'

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football


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

Writer:J P Fear
Date:Wednesday August 9 2006
Time: 1:30PM

Best of Vital Network

Comments

0
Hows things going Mr Feat? ;)
DeanoVilla
09/08/2006 13:39:00
0
When is this takeover going to happen ? this week
trotski74
09/08/2006 13:43:00
0
I always put my foot in mouth, maybe that is what JC was thinking! Looks like we've all got a bit longer to wait, hopefully an official bid will be in soon, progress is being made I'm told, so fingers and everything else crossed that the bid comes in and is for the good of this old club of ours!
The Fear
09/08/2006 14:06:00
0
Although I'm looking forward to the post-Herbert era (under our American cousins if the rumour mill is correct), expect the cost of a VP ticket to rise sharply next season.
pongogidman
09/08/2006 14:07:00
0
thats good news hopefully it will go through this week and u can look foward to next season
green giant 12
09/08/2006 14:15:00
0
To be honest our tickets are some of the cheapest in the premiership (cheaper than most of the Championship infact) so if prices rose we could hardly moan too much. I'm sure most would happily accept a 10% rise if we were competing in the top 6 again.
DeanoVilla
09/08/2006 14:21:00
0
I expect they will rise at least 10% per year for a few years actually. But if we see that money is going into squad strengthening and other areas of the business are yielding income we should be happy to help the coming of 'New Villa'
Jongekki
09/08/2006 14:34:00
0
According to the mail Barry has said he'll only sign if the terms are right for him? It also suggests that Lerner will only trickle the money through and not do a Chelsea. This of course could be a smokescreen so that selling clubs don't hike the prices up like they do for Chelsea. Did dampen my enthusiam though because there's so much catching up to do at the Villa. Perhaps trickling players through is good. It took Portsmouth a long time to gell.
Gazvilla
09/08/2006 14:47:00
0
By the looks of the picture above, even Mr Ellis is yawning at the prospect of yet another 'Villa takeover' thread!!!! ;o)
lil_blues_fan
09/08/2006 15:21:00
0
So hows the championship taste?Cahill sent the blues down!!!! come on the mackems
sk1nner80
09/08/2006 16:15:00
Page 1/3
  1. 1
  2. 2
  3. 3

Login to post a comment

Recent Aston Villa Articles

Nigel Pearson NOT Aston Villa Bound - Rammed

Phew (for me) and doh (for others!) Nigel Pearson has gone to Derby County

Di Matteo Appointment Close

Late yesterday evening it was reported that further talks between Chairman Steve Hollis and Roberto Di Matteo had taken place...

No Villa Regrets For Amavi

French Left back Jordan Amavi has said he has no regrets about joining Aston Villa last summer, and he's pretty down to earth when it comes to his thoughts...

Xia Has Bigger Plans To Benefit Aston Villa

It's being reported that new owner, or soon to be, Dr Tony Xia is already in talks to purchase a second club.

Archived Vital Villa Articles

Vital Villa articles from

Site Journalists

J P Fear
Editor email
Profile
Mike Field
Editor email
Profile
Steve Wade
no email
Profile
Villa_Grizzly
no email
Profile
Turkish Penguin
no email
Profile
Glensider
no email
Profile
Chris Heath
no email
Profile
M Calucar
no email
Profile
JuanPablo Angel
no email
Profile

Current Poll (see more polls)

Roberto Di Matteo would be:
Suggested By: JP Fear
A great appointment31%
A good appointment but I'd prefer a.n.other40%
An average appointment16%
No thanks appointment!13%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
C Leicester City 38 23 12 3 81 32
2 Arsenal 38 20 11 7 71 29
3 Spurs 38 19 13 6 70 34
4 Man City 38 19 9 10 66 30
5 Man Utd 38 19 9 10 66 14
6 Southampton 38 18 9 11 63 18
7 West Ham 38 16 14 8 62 14
8 Liverpool 38 16 12 10 60 13
9 Stoke 38 14 9 15 51 -14
10 Chelsea 38 12 14 12 50 6
11 Everton 38 11 14 13 47 4
12 Swansea 38 12 11 15 47 -10
13 Watford 38 12 9 17 45 -10
14 WBA 38 10 13 15 43 -14
15 Crystal Palace 38 11 9 18 42 -12
16 AFC Bournemouth 38 11 9 18 42 -22
17 Sunderland 38 9 12 17 39 -14
R Newcastle 38 9 10 19 37 -21
R Norwich 38 9 7 22 34 -28
R Aston Villa 38 3 8 27 17 -49
Vital Football Comment
Latest F1 News
Blog: Monaco Qualifying
Latest Vital Boxing News
Burns Set to Make History Tonight
Write for Vital Football

Recent Aston Villa Results (view all)

Aston Villa Fixtures (view all)

Vital Members League Table

RankNamePoints
1.Pride of Lions861
2.The Fear509
3.kefkat347
4.sirdennis296
5.Fulford256
6.Lerner Out!250
7.JuanPabloAngel228
8.glensider205
9.DeanoVilla175
10.Silhillvilla175
The Vital Football Members League