Aston Villa Announce Lerner To Take Control
Last updated: 13/03/2008 16:43
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Aston Villa have announced to the Stock Exchange a deal with Randy Lerner for the American billionaire to take control of the Premiership club.
Lerner's takeover values the club at £62.6m and brings to an end Doug Ellis' 38-year reign as chairman.
Four consortia had been linked with a takeover of the club but Lerner has won the battle for the Midlands club.
Aston Villa recently appointed Martin O'Neill as manager and he is now likely to have more transfer funds available.
Aston Villa start this season with a new sponsor, 32 Red Online Casino. The two year sponsorship deal includes a logo on the home and away shirts and comes into effect for the 2006/2007 Premiership season.
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