Thursday, May 7, 2015

Tony Adams plans £150m Aston Villa takeover... Arsenal legend, leads consortium bid to take control of Premier League club

Arsenal legend Tony Adams is a lead member of a consortium looking to secure finance for a £150million takeover of Aston Villa.

The former England captain is involved with Paul Smith, the one-time Chelsea executive, on a possible bid to owner Randy Lerner.

Adams has approached City investors with the aim of raising funds to buy the Premier League club, which has been up for sale publicly for a year.

Former Arsenal defender Tony Adams is leading a consortium bidding to takeover Aston Villa
Former Arsenal defender Tony Adams is leading a consortium bidding to takeover Aston Vill

 
Paul Smith, a former Chelsea executive, is also part of the team of investors trying to buy the club
  Paul Smith, a former Chelsea executive, is also part of the team of investors trying to buy the club

Smith is understood to have been working on a deal for months alongside Adams, who could take up a football role if ownership change goes through.

No takeover is imminent but the stage of due diligence is believed to have been reached.

Manager Tim Sherwood admitted he is not kept abreast of sale developments, but had spoken to Lerner on general terms as the American made a surprise visit to the Villa training ground on Thursday. The trip is a routine catch-up rather than a chance to finalise any takeover terms.

Sherwood conceded a change of ownership would bring his position under scrutiny. ‘If the club’s up for sale a decision will be made if a fee is agreed,’ said Sherwood. 'If something happens it’s up to someone who comes in to decide whether they want Tim Sherwood as their manager.

Manager Tim Sherwood admits a change of ownership could affect his position in charge
Manager Tim Sherwood admits a change of ownership could affect his position in charge

Aston Villa owner Randy Lerner (right) has had the club up for sale for around one year
Aston Villa owner Randy Lerner (right) has had the club up for sale for around one year

“I haven’t heard anything. I’m working for the football club not the individuals who are here. It’s one of the biggest football clubs in English football. I’m happy to be here and proud to be the manager.

‘I had a chat with Randy today. He’s given me no indication he’s lost any enthusiasm for this job. He’s excited about what’s happening at the moment.
Adams, a former Portsmouth manager, could take up a football role if the bid is successful
Adams, a former Portsmouth manager, could take up a football role if the bid is successful
'But we’re still not safe. There’s a lot of hard work to be done. We’re in that pressure cooker situation.

‘I know Tony but only through playing. He’s a good guy, I have a lot of respect for Tony. Great player.’

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