Look, the ONLY way AV06 can beat Lerner is by significantly improving on what Lerner has offered. The fact that Ellis & Co. have already endorsed Lerner's bid basically means AV06 would have to absolutely blow Lerner out of the water completely to win, because Rothschild can still say 'yeah you're better but not by much, we prefer Lerner'.
Net result is, if anyone other than Lerner ends up owning Villa then we have ended up with a really really sweet gravy train. So in my opinion it is win-win for Villa. We may not get the man we want, as Lerner seems a very nice, honest and professional guy, but as I said, for another bid to win at this stage would mean it is a very very special bid indeed.