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The Randy Lerner thread


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Randy should sue UEFA over the FFP as it must have a detrimental effect on his business and hindering any sale. Im glad it's getting challenged but I don't expect anything to happen unless a current big club gets kicked out of a tournament. Liverpool look next to be sanctioned and that'll show why FFP is a joke. How can you break into the elite without spending money?

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.....surely FFP in the form that it is...... is restrictive practice.

 

I can understand their intention to protect clubs from themselves, it just seems to me a relatively simplistic approach to what is a complex subject.

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Randy should sue UEFA over the FFP as it must have a detrimental effect on his business and hindering any sale. Im glad it's getting challenged but I don't expect anything to happen unless a current big club gets kicked out of a tournament. Liverpool look next to be sanctioned and that'll show why FFP is a joke. How can you break into the elite without spending money?

Liverpool don't spend money, all there players are value for money bargainsand home grown talent....honestly don't you read the newspapers and listen to the pundits...

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I've just seen this on The Telegraph site

 

http://goo.gl/ZRpEYZ

 

Potential bidders for Aston Villa believe that Randy Lerner may now be willing to sell for just £100 million - half of what was thought to be the original asking price when he put the Premier League club up for sale in May and only around a third of what he has spent.

Lerner had hoped to recoup £200 million for Villa but, despite tentative discussions with interested parties and the American businessman issuing another statement in July claiming the sale process had been "productive", no buyer has been found by Bank of America, which is handling the sale.

The official asking price is now thought to be £150 million, and a so-called 'indicative' price is said to be £125 million. But bidders believe Lerner would be prepared to sell for as little as £100 million and understand he has to cut his losses.

Given that Lerner paid £62.7 million to acquire Villa eight years ago and it was estimated that by 2010 he had pumped £206 million into the club - by now the figure is believed to be around £250 million - he will be losing a lot of money on the deal.

Reform Acquisitions Limited, Lerner's holding company which owns Villa and a number of related businesses, has recorded losses of £217.7 million with last season's accounts to come. The latter are expected to show the club is now self-sufficient and, as it said in its last accounts, "closed the chapter of heavy spending".

Lerner has been an extremely generous benefactor and has respected the club's traditions, although he has acknowledged he has had his fingers burnt financially. "Fates are fickle in the business of English football," he said in his statement confirming Villa were for sale. "And I feel I have pushed mine well past the limit."

On the surface the deal to buy Villa looks like a good one given it is an established Premier League club with some global cache, even if it is not in London, which tends to attract far more interest as a location. Villa Park has been upgraded and has a healthy 42,700 capacity, plus a large tract of land also owned by the club. The training ground, Bodymoor Heath, is impressive and there is other property.

The club's huge wage bill has been slashed and although the value of the playing staff is not high there are valuable members of it such as Christian Benteke and Fabian Delph. Manager Paul Lambert has signed a new long-term deal and a new, highly-rated chief executive, Tom Fox, is in place.

Villa have also made an encouraging start to the season although the priority is to remain in the top flight. It is believed that Lerner is prepared to make more funds available in the January window after doing so in the summer in the hope of avoiding another relegation battle. He knows his chances of eventually finding a buyer, whatever the price, would decrease further if Villa are not in the Premier League.

Edited by BkkVilla
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I've just seen this on The Telegraph site

 

http://goo.gl/ZRpEYZ

Perhaps due to it being fairly lengthy and not being from a tabloid, I initially made the mistake of giving this report more credence than it should have. Closer inspection reveals it to be a collection of widely known incidental facts that have been titivated with a few 'believe' and 'said to be' lines. Might be true, might not be. How do people have the cheek to call themselves journalists and take money for this, albeit inoffensive, pap?

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£100 million....incredible. It's peanuts for a football club of Villa's stature. I'd go as far to say that it puts it within reasonable range of a supporter led takeover. 

 

Perhaps we're witnessing the beginning of the PL collapse. Every bubble in history, without exception, bursts at some point.

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