As MOMS suggested last month, this Aston Villa takeover business isn’t going to be swift process. The BBC today confirmed that ‘no credible buyer’ was currently in place.
While various ITK’s have clutched at straws connecting any American billionaire to buying Villa, the reality is a lot more sober. It’s very unlikely Villa will have a new owner in place before the new season starts, offering up the potential situation of a disruptive ownership exchange mid-season.
In the BBC article, football finance expert Peter Knowles was called on to give a round-up of the situation.
Knowles said: “A sale won’t happen overnight. Once a genuine buyer comes forward, you are looking at a period of at least three months to complete a sale.”
It may take three months, but it could take three years (knowing our luck), but Knowles is confident of a sale.
“It will sell,” he said. “But you are talking about somebody who would want it as a plaything rather than somebody looking to make serious money from it.
“Of course, there is the fit and proper persons test, but that doesn’t seem to be the most stringent thing ever.”
The longer it rumbles on, the longer any chance of a ‘bright future’ for Aston Villa is put on hold.