Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024 16:40
Aston Villa could have new owners by the start of the new Premier League season after an unnamed bidder was granted exclusivity.
Villa owner Randy Lerner had been in talks with three consortiums interested in buying the club and now one of those has been granted exclusivity, meaning they can hold further talks over the next four to six weeks.
Sky sources understand the three consortiums involved are, a group led by former Chelsea executive Paul Smith, one of American businessmen and a third group from China.
The price is believed to be in the region of £150m and is being negotiated by Bank of America Merrill Lynch, who are the bank negotiating on behalf of owner Learner.
Sky understand that that Smith's consortium is unlikely to have been granted exclusivity, so it appears to be a straight fight between the American group and the Chinese.
Villa have effectively been up for sale for more than a year, with Lerner, the American tycoon who bought the club for just over £65m in 2006, keen to sell.
Last year, Lerner appointed Bank of America Merrill Lynch to handle an auction of the club, and dozens of parties are said to have lodged an interest.
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025 14:05
Related coverage
Chinese digital landscape: latest developments in European football
25 Jun 2015
Former NBA star to promote Sacramento Kings’ new arena in China
14 Mar 2016
Chinese magnates’ aggressive expansion into European soccer world
01 Jun 2016
Major capitals continued to be interested in the Chinese football league
13 Mar 2015
3 billion yuan to invest to build international billiards center
03 Feb 2015
More from Yutang Sports
Yutang Sports
loading...