UK time is: 09:35:53
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Status Quo Rule At Villa!

Well, I'd expected an announcement to the City this week, but I didn't realise it would be this type! It is basically a 'holding' announcement to announce nothing.

The consortium headed by Michael Neville and backed mainly - but not exclusively I understand - by the Comer Homes group, have formed a company called Aston Villa Investments Limited (Avil). I believe Doug has one called Ellis Vanity Isn't Limited (Evil), although I could be wrong!

The announcement says that talks are ongoing and that due diligence is still in place. However, despite claims by Doug Ellis at the AGM that the deal should be sorted within a month, it looks they are no closer to actually deciding whether to actually bid at all.

The statement to the Stock Exchange read:

'Discussions are ongoing with Aston Villa PLC's advisors. Due diligence is progressing and Avil is focused on settling its financing arrangements. Avil also wishes to make it clear that it is committed to concluding a transaction on terms acceptable to the major shareholders of Aston Villa and to enable the club to prosper in the future.'

Adding, most worryingly:

'For the avoidance of doubt there can be no certainty that an offer will be made nor as to the terms on which an offer might be made nor as to the timing of any offer.'

So, what does that mean for the club? Limbo unfortunately. The status quo with Ellis in charge remains, the fact we have no Financial Director or Chief Executive will continue and the lack of funds for the manager to spend on some desperately needed re-enforcements, especially in defence, will remain non-forthcoming. In actual fact, Doug Ellis has the perfect excuse to let the club drift without much criticism.

And who cops out the most? The fans and shareholders. Oh, and the rumour mill will be able to keep ticking along with people suggesting the Avil Group aren't the only ones looking.

Still, at least it isn't an announcement saying that they have withdrawn their interest.

Interesting times? Maybe. Or in other words? Status Quo rules at Villa. Happy New Year! Why not join in our latest poll asking if you think the takeover will ever happen.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Register on this site via the drop down menu and leave feedback to this story below or click here to join in the debates on the forum.

Go on, get vitalled!

The Journalist

Writer: J P Fear Mail feedback, articles or suggestions

Date:Friday December 30 2005

Time: 1:40PM

Your Comments

Status Quo are playing at Villa Park!!!! How do I get tickets? :) :)
Villain Of The North
Status Quo are playing at Villa Park!!!! How do I get tickets? :) :)
Villain Of The North
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Aston Villa Articles

Steer Loaned To Doncaster (Friday August 1 2014)

Rushall 2-7 Villa U21s (Friday August 1 2014)

Positives For Lambert Despite Defeat (Thursday July 31 2014)

Chesterfield 3-1 Aston Villa (Thursday July 31 2014)

Villa XI To Visit Swindon (Wednesday July 30 2014)

Chesterfield v Villa Screened Live (Wednesday July 30 2014)

Lambert Thrilled With US Tour (Sunday July 27 2014)

Archived Aston Villa Articles

List All Vital Villa Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

Latest Results

League Table (view table)

Team P W D L GD Pts
1. Arsenal 0 0 0 0 +0 0
2. Aston Villa 0 0 0 0 +0 0
3. Burnley 0 0 0 0 +0 0
4. Chelsea 0 0 0 0 +0 0
5. Crystal Palace 0 0 0 0 +0 0
6. Everton 0 0 0 0 +0 0
7. Hull City 0 0 0 0 +0 0

Breaking League News

Frank Lampard?
Man City : 02/08/2014 08:32:00
Another Defender Targeted
Hull City : 02/08/2014 08:28:00
Corinthians Striker On The Radar?
Sunderland : 01/08/2014 23:18:00
Oh The Irony Pardew
Newcastle : 01/08/2014 22:54:00
Striker Due In But Not The One We Want
Newcastle : 01/08/2014 22:24:00

Current Site Poll (view all polls)

Darren Bent?
Suggested By:  JP Fear
Still needs to be sold 13%
Should be a starter 37%
Good for squad/off bench 48%
No idea! 2%