Menu
Finance

Report: Lerner Has Deal In Place To Sell Aston Villa For $220M To U.K. Group

Randy Lerner is set to sell EPL side Aston Villa for £150M ($222M), according to Neil Moxley of the London DAILY MIRROR. Lerner is in final discussions with a U.K.-based group to "off-load the Midlands club." Talks have been ongoing for several months, but it now appears "set in stone that the club will change hands" at the end of the season. Lerner will see a return on the £63.6M ($94.2M) he paid former Aston Villa Chair Doug Ellis to "assume control ten years ago -- receiving a profit" of more than £85M ($126M). But that does not take into account the £300M ($444M) he has spent since then "trying to realise his dream of turning Villa into a force in English football." The asking price "would be slashed upon any relegation but that looks less likely to happen now" following the appointment of Manager Tim Sherwood and the subsequent "brief rally on the field -- although the situation is still too close to comfort" for many employees at Villa Park (DAILY MIRROR, 3/28). 

NASCAR’s Brian Herbst, NFL Schedule Release, Caitlin Clark Effect

On this week’s pod, SBJ’s Austin Karp chats with our Big Get, NASCAR SVP/Media and Productions Brian Herbst. The pair talk ahead of All-Star Weekend about how the sanctioning body’s media landscape has shaped up. The Poynter Institute’s Tom Jones drops in to share who’s up and who’s down in sports media. Also on the show, David Cushnan of our sister outlet Leaders in Sport talks about how things are going across the pond. Later in the show, SBJ media writer Mollie Cahillane shares the latest from the network upfronts.

SBJ Morning Buzzcast: May 14, 2024

The WNBA's biggest moment? More fractures in men's golf; Conferences set agendas for spring meetings and the revamp of the Charlotte Hornets continues.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2015/03/31/Finance/Aston-Villa-Sale.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2015/03/31/Finance/Aston-Villa-Sale.aspx

CLOSE