Lerner Limbo Ends
After many weeks of waiting for the takeover of Aston Villa by Tony Xia and his Recon group to be resolved, the club today finally announced the completion of the process.
Due to the club’s relegation and the oversea’s nature of the buy out, there were added complications for the ‘fit and proper’ tests, that extended the timing of Xia’s takeover.
Xia had announced on social media yesterday that he had passed the ‘fit and proper’ test and the Football League finally gave him the thumbs-up in the last 24 hours.
Press Conference News
The club will have a press conference with both Roberto Di Matteo and Tony Xia at 11am tomorrow to publicly lay down the immediate plans and direction for the club.
The Aston Villa, as the club’s website indicated, will be properly announced later this week. Although, amongst the board, Keith Wyness is expected to be CEO and Christopher Samuelson is expected to be the Vice Chairman.
After Villa’s first relegation in 29 years, the club’s first since the naming of the Premier League, now is not the time for hype, but more a chance to get down to the serious business of restoring this club back to where it should belong.
At least the Lerner Limbo is finally over.
Aston Villa Statement
(From the club’s website)
Aston Villa is delighted to confirm the sale of the Club to Recon Group, owned by Dr Tony Xia.
The completion of 100 per cent ownership from Randy Lerner has been rubber-stamped by the Football League.
Dr Xia has been informed he passed the owners and directors test and following the completion of paperwork today is now the Club’s new Owner and Chairman.
A new board will be appointed later this week.
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