Vital Football

Latest Aston Villa News

Status Quo Rule At Villa!

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Still, at least it isn't an announcement saying that they have withdrawn their interest.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



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!

Writer:J P Fear
Date:Friday December 30 2005
Time: 1:40PM

Comments

0
Status Quo are playing at Villa Park!!!! How do I get tickets? :) :)
Villain Of The North
30/12/2005 22:52:00
0
Status Quo are playing at Villa Park!!!! How do I get tickets? :) :)
Villain Of The North
30/12/2005 22:52:00
Page 1/1
  1. 1

Login to post a comment

Recent Aston Villa Articles

Better De Laet Than Never For Aston Villa?!

It's official, Aston Villa have a new right back.

Hutton Gets Scotland Call

Aston Villa's Alan Hutton has been called up by Scotland manager Gordon Strachan for the coming international break.

Zaha Rumours Off The Mark

I'm not sure which tabloid thought this one up, or what they were on at the point, but Dr Tony Xia has rubbished speculation linking us with Crystal Palace's...

Bacuna Pleased With Derby Showing

Leandro Bacuna has been speaking about Saturday's goalless draw with Derby County at the iPro Stadium and he was pleased with the performance of the side.

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)

Derby MotM
Suggested By: Site Staff
Gollini7%
Bacuna2%
Elphick41%
Chester5%
Cissokho2%
Ayew4%
Westwood3%
Gardner6%
Grealish22%
Gestede0%
McCormack7%
Sub - Kozak0%
Sub - Amavi0%
Sub - Green1%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Huddersfield 4 3 1 0 10 3
2 Brighton 4 2 2 0 8 6
3 Wolves 4 2 2 0 8 4
4 Norwich 4 2 2 0 8 4
5 Fulham 4 2 2 0 8 2
6 Q.P.R. 4 2 0 2 6 2
7 Newcastle 4 2 0 2 6 2
8 Brentford 4 2 0 2 6 1
9 Barnsley 4 2 0 2 6 0
10 Bristol City 4 2 0 2 6 0
11 Forest 4 2 0 2 6 -2
12 Aston Villa 4 1 2 1 5 2
13 Ipswich 4 1 2 1 5 0
14 Birmingham 4 1 2 1 5 -1
15 Cardiff 4 1 2 1 5 -1
16 Derby County 4 1 2 1 5 -1
17 Wigan 4 1 1 2 4 1
18 Burton 4 1 1 2 4 0
19 Leeds Utd 4 1 1 2 4 -2
20 Sheff Wed 4 1 1 2 4 -3
21 Reading 4 1 1 2 4 -4
22 Rotherham 4 1 1 2 4 -5
23 Preston 4 1 0 3 3 -1
24 Blackburn 4 0 1 3 1 -7
The Vital Football Members League
Latest F1 News
Drivers make tyre selections for Belgium
Latest Vital Boxing News
Buatsi Homes in On Olympic Gold
Vital Football Comment

Recent Aston Villa Results (view all)

Aston Villa Fixtures (view all)

Vital Members League Table

RankNamePoints
1.glensider557
2.The Fear544
3.Fulford357
4.Silhillvilla204
5.sirdennis165
6.kefkat158
7.Stephen Jay Hawkings147
8.Melon Donkey146
9.villasince67137
10.DeanoVilla126
Write for Vital Football