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Randy Lerner to sell Aston Villa

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hamstrung_pigeon

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http://www.avfc.co.uk/page/NewsDetail/0,,10265~3825532,00.html

Club statement: Randy Lerner

Several weeks back I said that following the end of the season I would clarify my future role with the Club, and address what had become seemingly constant rumours of a sale. I have come to know well that fates are fickle in the business of English football. And I feel that I have pushed mine well past the limit. The last several seasons have been week in, week out battles and having now come through this last season unfortunately limping amidst very meaningful injuries and constant sale rumours, I feel further that now is the time for me to look for new ownership and thus new leadership. I have asked the world of Paul Lambert and Paul Faulkner and they have both delivered selflessly. On a personal level it is time for me, like the Shunammite, to dwell among my own and get on with other aspects of my career, following a sale.

Above all, the debt I owe Aston Villa whether as owner, Chairman, custodian or simply as a fan is to put the Club first. To make good on that debt, I owe it to Villa to move on, and look for fresh, invigorated leadership, if in my heart I feel I can no longer do the job.

During my time with Villa, I have tried to strengthen and improve the Club's physical infrastructure both at Villa Park and Bodymoor Heath while also trying to carry on the McGregor tradition of being mindful of the local community we serve. Above all in this effort is the connection the Club has made with Acorns; the caring, kindness and warmth that players, staff, managers and supporters have shown to Mr Strudley and Acorns has wiped away all disappointments and sobered my finest memories. Still, I can see now that it is time, if possible, to hand these privileges and responsibilities to the next person or group to take the Club forward. I am appreciative of the support I have received, even in these last years of comparative struggle when criticism was due, and will look on with others - with fingers crossed, for stronger future performance appropriate to our size and heritage.

On a practical level, the Club will continue with its normal operations and plans for the summer. I've no doubt that the core staff at both Villa Park and Bodmoor Heath, to whom I owe a massive debt of friendship and loyalty, will continue to guide and protect the Club through this period of transition according to their collective sense of professional pride and long term service to Villa - the vast majority having preceded my tenure.

Finally, in light of the above, I have engaged Bank of America Merrill Lynch to advise on the sale of Aston Villa.
 
Under Randy Lerner:
Aston Villa nett spend (-ve = spent more than earned), manager and league finish.

Season Pos Manager NettSpend
2013-2014 15 Lambert -10.42
2012-2013 15 Lambert -21.67
2011-2012 16 McLeish +20.60
2010-2011 9 Houllier - 7.92
2009-2010 6 O'Neill -21.82
2008-2009 6 O'Neill -45.87
2007-2008 6 O'Neill - 2.86
2006-2007 11 O'Neill -20.13
 
Under Randy Lerner:
Aston Villa nett spend (-ve = spent more than earned), manager and league finish.

Season Pos Manager NettSpend
2013-2014 15 Lambert -10.42
2012-2013 15 Lambert -21.67
2011-2012 16 McLeish +20.60
2010-2011 9 Houllier - 7.92
2009-2010 6 O'Neill -21.82
2008-2009 6 O'Neill -45.87
2007-2008 6 O'Neill - 2.86
2006-2007 11 O'Neill -20.13

Some slightly conflicting figures
[article=http://www.dailymail.co.uk/sport/football/article-2553796/Proof-money-buys-happiness-Manchester-City-Chelsea-Manchester-United-net-spend-charts.html]
five-year-net-spend.jpg
[/article]

Reports claiming he shelled out over £200m in eight years, and the cash "provided a new state-of-the-art training ground and upgrades to Villa Park, whilst there has also been a level of unseen funding for local community projects."
 
I don't know what language Lerner speaks but I doubt it's English. Still, he seems to have had his heart in the right place.
 
Some slightly conflicting figures
[article=http://www.dailymail.co.uk/sport/football/article-2553796/Proof-money-buys-happiness-Manchester-City-Chelsea-Manchester-United-net-spend-charts.html]
five-year-net-spend.jpg
[/article]

Actually, not that much of a conflict. Add the nett spend from my table for the seasons from 2008/09 to 2013/2014, and you get about 87.1m spent, which is pretty close to the 86m in the chart. The discrepancy is probably from how the chart considers spending in "years" - is that a financial year, or calendar year?

Anyway, the key is that Lerner has put in a fair bit of money to help the club, but the last 3 seasons has been pretty poo for all money to put in.
 
Just hope some bored oil rich Arab or Russian crook doesn't fancy it.


I wonder if Peter Lim, the Singapore billionaire "ex-Remisier King", will switch his attention from Valencia to Villa. He was previously interested in Liverpool - the cheek of him, considering he owns a chain of Man United themed bars in Asia.
 
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