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A Portrait For Randy Lerner!

Blimey, even the gossip and rumours have gone quiet, there seem to be very little news about today!

Randy Lerner however has donated 5million to The National Portrait Gallery in London, which is the biggest donation they've ever received.

According to the BBC the ground floor galleries are to be named after him in thanks.

Randy said:

'On behalf of my mother and my sister it is an enormous privilege to express our support for the National Portrait Gallery financially. We are enthusiastic supporters of the gallery's director and the board for their inspired and creative management of the gallery's collection and acquisition programme.'

Gallery director Sandy Nairne was quoted on the BBC website saying: 'I am delighted that the Lerner family is expressing such confidence in the future of the National Portrait Gallery. This builds on the tradition of key support in recent years of a number of major benefactors.'

For more info and a fuller article - Click Here




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The Journalist

Writer: J P Fear Mail feedback, articles or suggestions

Date:Wednesday January 23 2008

Time: 11:03AM

Your Comments

And the Football club has no money for transfers??????? I think not.
fatloser
Who has ever said there was no money for transfers, I think there is as much money as MON wants.
daveldvilla
We are VERY fortunate at AVFC to have such a good man at the helm of our club. A genuine nice (and rich) guy! I am sure if MON wants any transfer money it is available, but it is MON who is very cautious about bringing the right people in. When you look at the mess at Liverpool, we do indeed have the right man in charge both on and off the field. Suppose I must give Doug SOME credit for that!
krfeskivilla
It will shut up the few that keep up the cynicism about the money provided. Silly bunch. I love our chairman.
Carlosio
a very decent guy...
olafthegreat
lerner is a legend - could you imagine ellis ever doing such a thing?!?!?!?!?!?
Stig
I'm a portrait painter...mmmm.
Saurat
Is that right. David Gold has donated two hudred quid to " Micks Mucky Mags" in Soho?
silkie villain
It would be great if he could spend 5m on an Aston Villa Museum / Gallery in the city centre or incorporate this to the proposed North Stand re-development - which is rumoured to be the case. The man seems to be like a connoisseur of all things classic... art and AVFC!
bazzah
A gesture that sums up Mr Lerner perfectly. From Ellis to Lerner, what a journey, what a ride. From a nightmare to calm, clear waters.
glensider
How about donating 5m quid for a right back. I would even accept a painting of one at the moment.....transfer window mental breakdown is taking its toll (rehab session booked for Feb).
tylervilla
talking about rehab I think MON and Amy Winehouse should bring out a new song.....they tried to make me buy a right back and I said No! No! No!
tylervilla
Randolph has money and MON knows it, sadly so does everyone else. Keeping the cards close to the chest. tbh you cant blame them for not tossing millions on worthless ******.
col8
If you want to read an even fuller article about what a nice guy Randy Lerner is go to http://entertainment.timesonline.co.uk/tol/arts_and_entertainment/visual_arts/article3232481.ece
stennyvilla
For a man who claims to shun publicity, Randy said quite a lot about this! Not blaming him, though - business is business!
DerryVillan
I've mentioned it before, but it is worth reiterating it again; there is a huge family trust in addition to his personal wealth. This sum came from the Trust. If you include his share of this asset then the talk of Randy not being able to fund Martin becomes nonsense.
CLVilla
But trusts normally have strict criteria for what the capital can be spent on, right? Although it's totally irrelevant as his personal wealth is enough for any talk of not having the cash to not be worth taking seriously. If 600million isn't enough for Martin, what is?!?
DerryVillan
Randy donates 5 Million to a portrait painting gallery, and paid 8 million last summer for a portrait of Stillian Petrov!
KSarge1
Probably just a tax fiddle anyway and with the poor strength of the dollar maybe he just wants more ties in England. Regardless of giving money to art galleries the bloke is a legend. Thank Mcgrath that we didn't get Gillette & co.
Villan444
An interesting article on randy, what a top bloke, seems down to earth and thank god he came to villa!
krisvilla
The fund has Randy, his sister and his mother as beneficiaries. It was created on his fathers death, and is designed to reduce taxes in the long term As a trust the funds are not part of Randy's personal estate, but as a beneficiary he can be paid assets as long as the Trustees all agree. I would think the Trustees would all be people his father trusted, and the investment/purchasing powers are almost definitely unlimited. This is normal these days. He would be foolish to do so however, unless of course he spends his personal fortune on new players for Aston Villa!!!!! There is no way on Earth you would be moving money from the US to UK at the moment unless you are just being generous.
CLVilla
yeh but he doesnt have to do it, but of course sound financial common sense has probably nudged him to do it. But its one of his interests and doesnt mind putting the money in when needed. Very good businessman, he saw villa, saw the masses of potential with a bit of money, I mean he bought it only for 63 million! thats peanuts to an established top six side in europe year on year and thats where villa should be and will be. He really does like MON he said he'd have to hang onto his ankle being dragged out of the door if o'neill were to ever to leave
krisvilla
Yep - he got a bargain really. look at the prices other clubs are being touted for, and it makes you realise. Still think that he could have used some of his UK assets to avoid the penal exchange rate if it was about maximising his finances. I just see it as a very generous gesture that has cost him an additional 30% because he chose to do it now and not wait until the exchange rate got better. What I am trying to say is that he is worth far more than the USD1.6bn we see quoted.
CLVilla
The guy oozes class in everything he does. He certainly puts a lot of club owners/major shareholders/chairmen to shame.
glensider
 

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