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Takeover parts 1 & 2


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Sky Sports said that Michael Neville has confirmed that the bid is at the "due diligence" stage- in other words the Comer Group are going through Villa's accounts.

Apparently a £64.5m takeover could be completed "within a few days".

So here it is Merry Christmas, everbody's having fun!

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Lead story in the Meaning Evil this morning.

To paraphrase : The Comers have now met with Doug and talks have gone well. Michael Neville said that the deal would not be completed today but could happen next week.

They will not offer Abramovich type deep pockets but will offer a broader platform for the club to build a prosperous future.

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Talks are at due diligence stage, i.e. going through financial accounts. Michael Neville can't see that anything will hold up the deal and should be done by new year.

Ellis is said to have been "most charming and helpful" throughout negotiations.

Neville says Champions League is a realistic possibility within 3 years. He must be planning on spending a bit!

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