aston villa for sale
May 12, 2014 20:35:15 GMT
Post by Admin on May 12, 2014 20:35:15 GMT
Aston Villa owner Randy Lerner has announced that the Premier League club is being put up for sale.
The American assumed control of Villa in 2006 after a £62.6m takeover was agreed with the club's board.
"I owe it to Villa to move on, and look for fresh, invigorated leadership, if in my heart I feel I can no longer do the job," he said in a statement.
Villa finished the season in 15th position, five points above the relegation zone.
Their Premier League status was only secured with victory over Hull City on 3 May and the future of manager Paul Lambert remains uncertain.
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“I don't believe it's going to be that easy to sell Aston Villa to Randy Lerner's satisfaction”
BBC football reporter Pat Murphy
Lerner, who bought the club in August 2006 from Doug Ellis, had said last month that he would address speculation regarding his own future at the club in the summer.
In his statement issued on Monday, the 51-year-old owner said he had engaged Bank of America Merrill Lynch to advise on the club's sale.
"I have come to know well that fates are fickle in the business of English football. And I feel that I have pushed mine well past the limit," he said.
"The last several seasons have been week in, week out battles and having now come through this last season unfortunately limping amidst very meaningful injuries and constant sale rumours, I feel further that now is the time for me to look for new ownership and thus new leadership."
The American assumed control of Villa in 2006 after a £62.6m takeover was agreed with the club's board.
"I owe it to Villa to move on, and look for fresh, invigorated leadership, if in my heart I feel I can no longer do the job," he said in a statement.
Villa finished the season in 15th position, five points above the relegation zone.
Their Premier League status was only secured with victory over Hull City on 3 May and the future of manager Paul Lambert remains uncertain.
Continue reading the main story
“I don't believe it's going to be that easy to sell Aston Villa to Randy Lerner's satisfaction”
BBC football reporter Pat Murphy
Lerner, who bought the club in August 2006 from Doug Ellis, had said last month that he would address speculation regarding his own future at the club in the summer.
In his statement issued on Monday, the 51-year-old owner said he had engaged Bank of America Merrill Lynch to advise on the club's sale.
"I have come to know well that fates are fickle in the business of English football. And I feel that I have pushed mine well past the limit," he said.
"The last several seasons have been week in, week out battles and having now come through this last season unfortunately limping amidst very meaningful injuries and constant sale rumours, I feel further that now is the time for me to look for new ownership and thus new leadership."
