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2015 Takeover Thread


samjp26

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Randy Lerner over to ensure that the Benteke funds are transferred straight into his personal account. ;-)

Or to make sure there is no last minute hitch with the sale,  he will need to sign off the asset transfer presumably

 

OF BENTEKE!

 

BOOOOOO 

 

Save it till the word removed comes back to VP to sit on the bench

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Randy Lerner over to ensure that the Benteke funds are transferred straight into his personal account. ;-)

Or to make sure there is no last minute hitch with the sale,  he will need to sign off the asset transfer presumably

 

OF BENTEKE!

 

 

 

 

Too late Richard! We don't believe you! :P

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I would imagine JP Morgan have a few private jets flying around - not sure why this is so news worthy given that IIRC it was BOA Merril Lynch who are/were handling the sale of the club. 

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LONDON — On the greens of St. Andrews, a quiet American took the claret jug by winning the British Open. Inside the gates to Aston Villa, an even quieter American is doing everything he can to sell the club that helped found league soccer 127 years ago.

 

For Zach Johnson, winning a major at golf’s historical home was a defining moment. For Randy Lerner, owning a piece of English sports heritage has become a drain on his family fortune.  The difference, of course, is whether you win or lose.

 

Because of weather delays, it took Johnson one day more than usual — five — to win the British Open. But delays are nothing to Lerner in his bid to sell Aston Villa. He just wants a fair price for what he has put into the club so he can get back to his home outside New York.  Aston Villa made it to the F.A. Cup final, where it lost to Arsenal, 4-0. Lerner, who recently sold his house in the heart of the English Midlands, is discovering that while it is tough to find a buyer for the soccer club he purchased nine years ago, holding on to the club’s star players this off-season is even more difficult.

 

Over the past weekend, Fabian Delph and Christian Benteke, the two outstanding talents on Aston Villa, departed. Delph is joining Manchester City while Benteke is on his way to Liverpool.  On the gate of Villa Park — the claret-colored gate — a fan pinned a huge note late last week. “Delph, you snake!” it read, a reference to the fact that just six days before, the midfield creator had pledged that Villa was his club and that he would stay and honor the five-year contract he signed last January.

 

But since that pledge, Delph learned that Benteke, the team’s leading scorer, would become the fifth key player to depart the team since the end of the season. So Delph picked up the telephone, called Manchester City and said he had a change of heart: If City still wanted him, he would join.  Neither Lerner nor Manager Tim Sherwood could do anything to prevent the moves. The clubs simply activated buyout clauses in their contracts — $12.5 million for Delph and $50 million for Benteke.  Villa, meantime, is bidding to buy Charlie Austin from Queens Park Rangers to replace Benteke.  The bigger sale — of the Aston Villa franchise itself — is in limbo. One year ago, Lerner let it be known that he would accept up to 200 million pounds, or just over $310 million, for the club.

 

This isn’t rampant profiteering. The American paid less than $100 million to buy the rights to the team, but financed four times that much in salaries and transfer fees to restore Villa to the heights it saw as the European champion in 1982.  The more he threw in, the more he was beaten in a market filled with much more wealthy owners from Russia (Chelsea), Abu Dhabi (Manchester City) and the United States (Manchester United, Liverpool and others).  Lerner doesn’t say much in public. He is as quiet as the statue of William McGregor outside the Villa Park stadium in Birmingham. It was McGregor who called the meeting in 1888 to set up the world’s first professional soccer league.  And from there, the lore of league competition grew, just as the lure of winning the claret jug helped spread golf around the world.

 

Lerner was studying at Cambridge University when he came under the spell of English soccer. He liked the London teams Arsenal and Fulham, but he purchased Villa. And for nine long years, he put his money where his mouth was. He tried to restore Aston Villa to glory, just as his father, Al, unsuccessfully tried to do in Cleveland when he returned the Browns as an expansion franchise in the late ’90s. (The family owned the N.F.L. team until selling it to Jimmy Haslam in 2012.  In his understated fashion, Randy Lerner donated to the arts without seeking publicity in return. And he tried, through a succession of team managers, to be a giving and a patient owner in soccer.  

 

Now, with his student’s passion for the English sport burned out, he is trying to get rid of the club, to pass it on, if possible, to owners with deeper pockets and fresh enthusiasm.  The latest proposed buyer is believed to be an American consortium, but talk has gone quiet. Media reports said Lerner had agreed to lower his price if it would facilitate a deal in time for Villa to buy, rather than sell, players that would let it make a move up in the Premier League.

 

The opposite has happened. The players are leaving, in the case of Delph, just six months after he promised to stay no matter what. (He did have a release clause in his new contract, meaning he is leaving for a fraction of his potential worth to a rich club like Manchester City.).  Someone, somehow, did a bad deal on behalf of Aston Villa and Lerner.  If the American syndicate that was conducting due process has bailed out, then there might be a chance that an English group, headed by the former Arsenal player Tony Adams along with a former Chelsea executive, can meet Lerner’s asking price. A Chinese bid is also expected.  But for now, Lerner can only wait.

 

Clicky!

 

Cheers, Maqroll for the prompt :)

Edited by trekka
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The Oracle has arrived! Start the rumours ;)

 

Clicky

 

BILLIONAIRE businessman Larry Ellison has arrived in style as the clock ticks down to the America’s Cup World Series.

 The founder of Oracle Team USA turned heads as he rocked up off Portsmouth’s shores onboard his superyacht Musashi....

 

Yes, he's arrived in the UK.  More in the link above - and yes, this was in jest. Randy is in the UK too however   :detect:

Edited by trekka
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I don't really think Lerner is doing 'everything he can' to sell Villa. Like everything in football its down to money. If he lowers the selling price substantially I am sure someone will take a punt on us given our decent fanbase and the fact if we stay up from 2016 the Premier League is going to be dripping with cash. The fact is Lerner is going to have to make a massive loss on Villa to take it off his hands.

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