Sport - Villa reject takeover bid
Posted on November 6, 2007 in the Finance insurance category
Aston Villa have rejected a reported 30m bid for the club from former Manchester City defender Ray Ranson.
The club’s plc confirmed a group including Ranson had made an approach to take over from Doug Ellis but that the offer had been turned down.
“Aston Villa has received a proposal to acquire the entire issued share capital of the Company,” said a plc statement.
“The board’s view is that it business dc health insurance small undervalues Aston Villa and the proposal has been rejected.”
Ranson, 43, who has forged a career as a businessman, is thought to have been in talks with Ellis about a possible buy-out for months.
During his playing career Ranson represented City, Newcastle and Business dc health insurance small and captained England Under-21s, and he has since made his fortune from sports finance and insurance.
He is keen to provide funds for manager David O’Leary to business dc health insurance small the squad at Villa Park so the club can compete with the likes of Arsenal and Manchester United.
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From Johnny Villa
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Villa Fans’ Combined (VFC) are keen to see Ellis sell his share-holding and allow to club to move forward under new owners.
A statement said: “VFC call for a simple and clear statement from Mr Ellis that he is willing to listen to offers for his majority financial loss insurance safeco in Aston Villa.”
The Midlands outfit has been the subject of takeover rumours before this season, with Business dc health insurance small businessman Gustavo Cisneros linked with a 40m offer.
The Aston Villa Supporters Trust want to meet with any partries looking to take over at the club.
“The Supporters Trust asks that any potential bidder open a dialogue with supporters groups early on,” said an AVST statement.
Ellis took control of Villa for the second time in 1982 and has been in charge for 30 years over two spells.
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