Randy Lerner Puts Aston Villa On The Market
Mon 12th May 2014 | Clubs Ownership
Aston Villa’s owner, Randy Lerner has confirmed his intention to put the club up for sale.
Speculation had been circulating that the American was planning to sell the club. Following another disappointing season in the Premier League in which they finished 15th on 38 points, 5 points clear of the relegation places a statement by Randy Lerner released by the club on Monday confirmed his intentions.
The statement reads: “Several weeks back I said that following the end of the season I would clarify my future role with the Club, and address what had become seemingly constant rumours of a 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. 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. I have asked the world of Paul Lambert and Paul Faulkner and they have both delivered selflessly. On a personal level it is time for me, like the Shunammite, to dwell among my own and get on with other aspects of my career, following a sale.
“Above all, the debt I owe Aston Villa whether as owner, Chairman, custodian or simply as a fan is to put the Club first. To make good on that debt, 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.
“During my time with Villa, I have tried to strengthen and improve the Club’s physical infrastructure both at Villa Park and Bodymoor Heath while also trying to carry on the McGregor tradition of being mindful of the local community we serve. Above all in this effort is the connection the Club has made with Acorns; the caring, kindness and warmth that players, staff, managers and supporters have shown to Mr Strudley and Acorns has wiped away all disappointments and sobered my finest memories.
“Still, I can see now that it is time, if possible, to hand these privileges and responsibilities to the next person or group to take the Club forward. I am appreciative of the support I have received, even in these last years of comparative struggle when criticism was due, and will look on with others- with fingers crossed, for stronger future performance appropriate to our size and heritage.
“On a practical level, the Club will continue with its normal operations and plans for the summer. I've no doubt that the core staff at both Villa Park and BMH, to whom I owe a massive debt of friendship and loyalty, will continue to guide and protect the Club through this period of transition according to their collective sense of professional pride and long term service to Villa- the vast majority having preceded my tenure.
“Finally, in light of the above, I have engaged Bank of America Merrill Lynch to advise on the sale of Aston Villa.”
Posted by: Aaron Gourley
|RETURN TO LATEST NEWS SECTION|
|SUBSCRIBE TO THE FCBUSINESS RSS FEED|
|If you have any football business related news stories you’d like to share then please contact us –|
To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.
Thu 23rd Mar 2017 | Clubs Ownership
Portsmouth Football Club has confirmed it’s in talks regarding a potential takeover. In a statement released by the club, they said: “Portsmouth Community Football Club would like to...
Thu 5th Jan 2017 | Clubs Ownership
Specialist Sports Law Team at Walker Morris reinforces its national reputation for football club acquisitions/sales with the latest sale of Leeds United FC. Specialist sports lawyers at Walker Morris...
Wed 4th Jan 2017 | Clubs Ownership
Aser Group Holding has completed its investment in Leeds United Football Club today. Leeds United Football Club has confirmed Aser Group Holding, through its acquisition vehicle Greenfield Investment...