Takeover Hasn't Collapsed

The Mercury, who in this instance have some very good channels of communication, have an article in today's paper saying that the takeover is still very much on the cards despite reports in the week suggesting it was close to collapse.

No bid has yet been made, but the report maintains a £64million takeover is still being worked on. The report also says 'a source close to the takeover confirmed the deal was in good shape'.

I guess only time will tell. Until we get an announcement to the Stock Exchange, one way or the other, we can but hope that a) the takeover is completed b) the takeover is the right one for Aston Villa (both PLC and football wise).

Although the story doesn't really cover any new ground, and shareholders have certainly had no communications as yet, it at least implies that the deal is still being talked over. Until we get the plans of Aston Villa Investments Ltd (AVIL) into the public domain we will all remain in the dark. Lets hope the deal is concluded shortly as at the moment the club appears to be in limbo - although lets face it, under Ellis, it has been in limbo for many a long year!

If I was a cynic, I'd suggest the takeover might happen after the transfer window closes, but I'm not so I won't! ;-)

In fairness, a new group would probably do better to assess what is needed before throwing money at it. Maybe waiting for the summer to judge the performance of the management staff and players; as well as looking what else is required to get Aston Villa back where they belong wouldn't be a bad thing? Unless some billionaire pops into B6 and splashes the money obviously!

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Go on, get vitalled!