Published On: Thu, May 19th, 2016

Randy Lerner confirms sale of Aston Villa to Chinese businessman

Chinese businessman Dr Tony Xia has agreed a deal to purchase Aston Villa, the club has confirmed.

Aston Villa v Arsenal - Premier League

 

Aston Villa Football Club announced that an agreement has been signed on Wedensday for the sale of 100% ownership for estimated cut-price of £60 million by Randy Lerner to Recon Group owned by Dr Tony Jiantong Xia.The sale subject to the approval of the Premier League and the Football League.

The beleaguered have been downed from the Premier League and Lerner has been attempting to sell the club for two years.

In a statement, the Birmingham club said: “Once those approvals have been granted and the new board members approved under the fit & proper rules of both leagues, Dr Xia will become Chairman of Aston Villa. The Club will announce the appointment of a new manager.

Randy Lerner has sought the right new owner for Aston Villa who would take great care of the Club and restore its fortunes. He believes that Tony Xia is an excellent choice.

 

Manchester United v Aston Villa - Premier League

 

Recon Group is Dr Xia’s privately owned holding company that owns the controlling interest in five publicly listed companies on the Hong Kong and Chinese stock exchanges and many other private companies employing 35, 000 people in 75 countries.

Dr Xia played football as a striker until he finished at college and football has remained his passion. Dr Xia decided to buy an iconic football Club in England as the cornerstone of his Sports, Leisure and Tourism Division. He became a fan of Aston Villa many years ago and is delighted at the opportunity to become the new owner.

Dr Xia’s immediate objective is to return Aston Villa to the Premier League and then to have the Club finish in the top six, bringing European football back to Villa Park. He plans to make Aston Villa the most famous football Club in China with a huge fan base.”

According to Sky Sports, that manager could be ex-Chelsea boss Roberto Di Matteo.

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