Aston Villa takeover moves closer

THE Irish consortium looking to buy Premier League strugglers Aston Villa said yesterday they are still in talks with the club’s management but no deal has been struck yet.

Aston Villa takeover moves closer

Aston Villa Investments Limited (Avil), which is backed by millionaire Irish builders Brian and Luke Comer, says talks are progressing, though it was still possible that an offer may not be made. The takeover would cost the consortium around €100 million.

“Due diligence is progressing and Avil is focused on settling its financing arrangements. Avil also wishes to make it clear that it is committed to concluding a transaction on terms acceptable to the major shareholders of Aston Villa and to enable the club to prosper in the future,” Avil said in a statement to the London Stock Exchange yesterday.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited