Writer: J P Fear
Date:Friday December 30 2005
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Still, at least it isn't an announcement saying that they have withdrawn their interest.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.
Register on this site via the drop down menu and leave feedback to this story below or to join in the debates on the forum.
Go on, get vitalled!
Date:Friday December 30 2005
Lambert Looking For QPR Response (Friday October 24 2014)
QPR Injury Update (Friday October 24 2014)
The Villa Times - 24/10/2014 (Friday October 24 2014)
Lawro In Villa Win Shocker - Mystic In Depression (Friday October 24 2014)
Which Kick Off Time Is Hated The Most? (Friday October 24 2014)
Lambert - Time To Change Our Focus (Thursday October 23 2014)
Vlaar Wants A Return To Winning Ways (Thursday October 23 2014)
Drennan Returns - So Time For A Round Up (Wednesday October 22 2014)
Okore Not Ready For Premiership Action (Tuesday October 21 2014)
Nathan Baker Picks Up Hamstring Injury (Tuesday October 21 2014)
|1.||Pride of Lions||711|
|8.||Villan Of The North||158|
|Aston Villa||0||-||2||Man City|
|Aston Villa||2||-||1||Hull City|
|11. Hull City||8||2||4||2||0||10|
|12. Aston Villa||8||3||1||4||-8||10|
|15. Leicester City||8||2||3||3||-2||9|
|Going for Three Points This Time!
» Chelsea : 24/10/2014 22:00:00
|Liverpool: Lawro Predicts 2014-15 - Hull (Home)
» Liverpool : 24/10/2014 20:00:00
|Villa to Sign Cleverley in January!
» Man Utd : 24/10/2014 18:43:00
|Pearson On Competition amp; Swansea Threat
» Leicester City : 24/10/2014 18:31:00
|Pellegrini Expecting Tough West Ham Test
» Man City : 24/10/2014 18:17:00