As expected, owner Randy Lerner has put Aston Villa up for sale after a disappointing season. His statement reveals a certain weariness about the struggle to make a success of the club.
The anticipated asking price is around £200m, but whoever acquires the club would need to make funds available to acquire players if the club is not to get sucked into a relegation battle next year. For Lerner, such a sale price would mean that he would recoup £100m less than his total investment in the club.
As expected, owner Randy Lerner has put Aston Villa up for sale after a disappointing season. His statement reveals a certain weariness about the struggle to make a success of the club.
The anticipated asking price is around £200m, but whoever acquires the club would need to make funds available to acquire players if the club is not to get sucked into a relegation battle next year. For Lerner, such a sale price would mean that he would recoup £100m less than his total investment in the club.
The fact that the club has been offered in what is effect a public auction, albeit advised by American bank Merrill Lynch, suggests that attempts to sell the club behind the scenes have failed. The most likely buyer is an American with speculation about a Texas billionaire.