Aston Villa are the subject of a takeover bid by a group of ‘blue chip’ investors led by former Chelsea business director Paul Smith. Smith held a number of executive roles at Chelsea before his acrimonious departure in 2007, when he was sacked on his return from a pre-season tour of the United States.
Aston Villa are the subject of a takeover bid by a group of ‘blue chip’ investors led by former Chelsea business director Paul Smith. Smith held a number of executive roles at Chelsea before his acrimonious departure in 2007, when he was sacked on his return from a pre-season tour of the United States.
Up to now attention has focused on bids by American and Chinese investors. However, it seems that Smith has been working on the bid for months and is now at the due diligence stage. Whether any foreign investors are involved is not known.
However, former Arsenal footballer Tony Adams is also involved. There have been approaches to a number of private equity investment firms to raise £75m.
The offered price is £150m. The balance of £75m would come from new debt.