Aston Villa put up for sale by Randy Lerner

Aston Villa chairman Randy Lerner today put the club up for sale.

The chairman released a statement this morning to finally end the speculation surrounding his future.

Villa secured their Premier League status last week and Lerner has instructed his bank to sell the club.

The American bought the claret and blues for £62.6m in 2006 and is believed to want around £200m after investing heavily in players and wages since.

He has cut back in the last two years – with many expecting his decision today – and admitted Villa need fresh investment.

Here is the full text of the statement:

"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 BMH, 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."

Reaction from Twitter:

See also:

Do you expect Paul Lambert to be Aston Villa boss at the start of next season as Randy Lerner looks to sell the club?

Comments for: "Aston Villa put up for sale by Randy Lerner"

baggiebloke

Whoever takes over must keep Lambert on.

funny old world

Have to agree.

Terry Jones

Would expect that from a Baggie.

John64

Can we a have a sold subject to contract sign please.

With the following announcement ,mr p.lambert has

Left by mutual agreement . At present its still limbo

Land . Thanks for the memory ,at least you tried.

So now we know but no indication as to who maybe the new owner or owners.Does this mean our future is still up in the air or as Graham Taylor reported a deal as already been done.Seems funny nothing as been said on the future of Lambert does it mean a deal as been done and he is leaving it up to whom ever takes over to sack him as they already have someone in mind to manage the club don;t know about other fans but i would like a bit more clarification as to whom and when we can expect new ownership and to their plans.

I rang them this morning and offered 30 bob

kenco

I'd be careful what you wish for....

Fulham, qpr and Blackburn had or have money look where they are....

Of all the clubs that have vast swathes of investment citeh, Chelsea, Liverpool and man utd they normally have a strong football knowledge aswell....I wouldn't just discard lambert. Good luck!

andyraybould34

Well this is only good news. I think Randy has done great things for the club itself. Bodymoor heath is one of them, but not having the initial finances to compete in a fast growing premier league has caused the majority of the clubs in our division to pull away from us. Their signings have been better and we can't really put the blame on Lambert for having a tight budget to work with. He still found Benteke that I rate highly and Vlaar too. Although these players probably aren't world class but they are excellent finds considering the circumstances. A cash injection on players would have got us higher in the league and returned us a favourable income in theory, but poor performances time and time again does restrict the annual budget. A fresh face at the helm should bring confidence throughout the club, my fear is do we change managers now and rock the boat even more. I am not convinced that Lambert will do great things for us like win the league or get us to champions league spots but he's not all that bad. This day and age the money for players and their training plays more of a part than the managers themselves, but some managers such as the great Fergie himself have a talent for juggling money, training, tactics and creating the perfect balance for success. That's what Lambert lacks. I believe new owners keep Lambert for one more season, give him a real opportunity to prove what he can do without the restraints of a struggling bank balance. Let us see what he is worth, he really wants the villa job and may see a new start for himself under new ownership. I just hope European football comes back to villa park.

DMT0610

Are those Ray Clemence and Kenny Hibbitt in the bottom row of the 12th picture?

TiburonWulf

I was about to say the same! Good catch!

Codsallman

Any building land around there??

HSK

Do a Sir Jack Hayward - £10!