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Lerner Has No Set Spending Limit

Lerner Has No Set Spending Limit

Randy Lerner has admitted that he has funded the purchase of Stiliyan Petrov and Ashley Young out of his own funds. (John Carew having been a swap with Milan Baros)

The Villa owner said: 'The money I have spent on players at Aston Villa has come from my personal pocket. I have no intention, and no market set, for when I would stop spending. I don't have a number in my mind.'

Adding: 'I am a very, very big fan of English football. I thought it was the right time for me, in terms of just where I am in my career. Then there is just the chance element to this. A set of circumstances converged and it seemed to make sense. I wouldn't say it was a burning need — it wasn't a long, protracted acquisition.'

And says there was only one team of interest, the mighty claret and blues. 'What happened to me was I sat with some guys, some friends in London who are in the business of thinking about football clubs, and it was always about Aston Villa. Other clubs were mentioned in the conversation but it was always about Aston Villa, because Villa was the right opportunity. I initiated everything.'

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

Writer:J P Fear
Date:Friday February 9 2007
Time: 11:52AM


Good to hear in many ways - but I don't want us to become a Chelsea. It's not about the big names, it's about the right players for the right role. If other clubs know we have the cash we are always going to have to pay premium prices - that's the downside. Mind you £20m for Hargreaves wouldn't be the worst deal ever seen.
09/02/2007 12:08:00
We wont spend millions and millions on over paid players, we will be shrewd and spend his money wisely. MON is no mug, but just to hear him saying he will back MON to the hilt is amazing. ''I have no intention, and no market set, for when I would stop spending. I don't have a number in my mind.'' And your right £20m on Hargreaves wouldnt be a bad investment, but when will Manu finally get sick to death of Buyern?????
09/02/2007 12:11:00
pays from his own pocket? dont suppose he can give money to the fans aswell. I might be rich for my age but I cant afford a decent 50" HD TV without ending up broke and it would be nice if he could by me a new car and a house away from all my thick neighbours
09/02/2007 12:47:00
Who is the Stig? Not that bloke off top gear?
09/02/2007 12:50:00
Na Stig aint the guy off Top Gear! But he's a Top Guy!
09/02/2007 14:57:00
Imagine pulling out your cheque book and writing out a cheque for 8m for a football player! Must be one of the most surreal things you could ever do. I might give it a try later. I'll have to rip up the cheque afterwards though.
09/02/2007 15:02:00
I am not the guy off top gear. Wish I was.
09/02/2007 15:15:00
£17 million on three players. £4 million on the Holte Hotel and £8 million on Bodymoor Heath. This added to his purchase of the club means a total investment of about £100 million (over £20 million of this is out of his oown pocket.. Contrast this to the previous chairman who at the end was drawing a wage each year of half a million quid, never put a penny into the club and whose initial cash injection in 1968 was a interest free loan. He then left by selling his shares that were never purchased, for £22 million. You couldn't make it up could you? I am sorry to beat the same old drum but surely now, any wavering Villa supporter can see that this guy deserves all of us to put our hand in our pockets and sell out VP in season tickets. No more excuses. No more what ifs. I remember back at the start of the seventies when Villa fans made the difference. Well those days are back. We may be playing catch up to Manure and maybe one or two others, but make no mistake, if we all get off our backsides, get our hands in our pockets and fully support this new era, the lion will once again be the King of the Jungle.
09/02/2007 15:47:00
Well said voiceoftheholte. This is the start of something special. Can't wait for the summer, there's gonna be some significant development. C'mon Villa!!
09/02/2007 16:28:00
Great to hear Randy speak. I likw hime more everytime I hear from him. Christo - you cannot be that rich if you dont have a new car and have thick neighbours. I on the other hand.......;-)
09/02/2007 16:44:00
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