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AVIL Getting Funding Placed For Bid

AVIL Getting Funding Placed For Bid

The story that just won't go away!

Yes, it is the Aston Villa Investment Ltd (AVIL) story number 2133.

Apparently the Comer deal isn't in a coma, it is bring brought to a resolution with the weekend press reporting they will be meeting with their bankers today.

With news that Villa have put the whole investment situation in the hands of merchant bankers Rothschild, the pressure will now be on the consortium led by Michael Neville (or is his name Michael Neville a life long Villa fan, because that is what the press always put about him?!) They will basically have to prove to Rothschild that they have the money available and that they are the best option available for Aston Villa.

The weekend press also linked Villa to a Norwegian businessman called Peter Vidmar, although a google search came up blank and I've not been able to find anything out about him!

Ellis apparently feels that the transfer saga is making the club look 'foolish' and the board say no proof that they have funds available for a £64 million takeover has been produced. No formal bid has been made either, although the board in their statement did say that the bid muted by the group would have been recommended to the shareholders of Aston Villa IF it was formally made.

The Sunday Mercury reported that the AVIL consortium are puzzled by the timing of the statement as they feel that they have reached the point of no return having put so much 'time, effort and cash into the project.'

Michael Neville said: 'I am still very optimistic of clinching this transaction,'

He also told BBC Sport 'I remain optimistic about our bid. As far as I'm aware we are the only bidder at the moment.'

Writer:J P Fear
Date:Monday January 23 2006
Time: 10:52AM

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