You too can now own Randy Lerner’s home which is valued at $4.5 million. All you have to do is buy his English Soccer club Aston Villa for about $225 million so it’s a bargain.
Aston Villa has been rumored to be for sale for some time now and is expected to be unloaded by Lerner by the end of the summer. The value of the team, however, will be determined, in part, by whether or not it can avoid relegation to a lower league after its terrible season this year. Aston is currently only 3 points ahead of the final spot for remaining in England’s 1st division.
This may explain why Lerner felt compelled to include his home, near Villa’s Bodymoor Heath training ground, as part of the deal currently being negotiated with potential buyers
Located in Hurley the converted farm house comes with 16 acres of land.
England’s The telegraph has reported that a consortium of buyers is already close to closing a deal for the team. But they were not identified as all parties have signed a non-disclosure agreement.
If you are American you may be wondering how a team can be dropped from a major league. Unlike in America, in Europe every year the three or four teams that finish at the bottom of a major soccer league (division A) “drop down” to the second level division and are replaced by the teams who finished at the top of the second division. This is known as relegation.
No team is immune and even the most storied British soccer franchises like Aston Villa (one of only 5 to win the European Champions League Title) and the world renowned Manchester United could suffer relegations.
Imagine if the New York Yankees or the New England Patriots were to ever be dropped down to a minor league or the Canadian football league only to be replaced by a team from Bismarck, North Dakota.