English Premiership

Chinese investor buys Aston Villa

2016-05-18 20:37
Aston Villa up for sale. Photograph: Mike Hewitt/G
Aston Villa up for sale. Photograph: Mike Hewitt/Getty Images

London - Aston Villa have been sold to a Chinese group owned by Dr Tony Jiantong Xia, the Championship club announced on Wednesday, in a deal worth a reported $86 million.

Villa crashed out of the Premier League after a miserable season that saw the Midlands team win just three of their 38 matches, but that hasn't stopped Dr Xia making his move.

US-based owner Randy Lerner had been trying to sell Villa for two years and has finally found a buyer after significantly lowering his asking price to a reported £60 million.

"Aston Villa Football Club is pleased to announce that an agreement has been signed today for the sale of 100 percent ownership by Randy Lerner to Recon Group owned by Dr Tony Jiantong Xia subject to the approval of the Premier League and the Football League," a Villa statement read.

"Once those approvals have been granted and the new board members approved under the fit and proper rules of both leagues, Dr Xia will become Chairman of Aston Villa."

Read more on:    aston villa  |  english premiership  |  soccer

 

Read News24’s Comments Policy

Live Video Streaming
Video Highlights
Sport Talk

Fixtures
Friday, 22 February 2019
Cardiff City v Watford, Cardiff City Stadium 21:45
West Ham United v Fulham, London Stadium 21:45
Saturday, 23 February 2019
Burnley v Tottenham Hotspur, Turf Moor 14:30
Newcastle United v Huddersfield Town, St. James' Park 17:00
AFC Bournemouth v Wolverhampton Wanderers, Vitality Stadium 17:00
Leicester City v Crystal Palace, King Power Stadium 19:30
Sunday, 24 February 2019
Chelsea v Brighton & Hove Albion, Stamford Bridge 14:00
Arsenal v Southampton, Emirates Stadium 16:05
Manchester United v Liverpool, Old Trafford 16:05
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

Who will claim the Premier League title at the end of the 2018/19 season?

 
 
Men
Women
Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

The 2018/19 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.