New York Yankees Shareholder Preparing £75m Aston Villa Bid

The bid falls short of Dr. Tony Xia's initial valuation.

Steve Bruce Aston Villa
2016 Getty Images

talkSPORT understands that New York Yankees shareholder Peter B Freund is on the verge of making a bid to purchase Championship side Aston Villa for £75 million.

There's a bit of uncertainty around Villa Park after losing to Fulham in the Championship Playoff Final at Wembley and thus missing out on a berth in next season's Premier League. Further, struggles to pay a £4.2m tax bill owed to HM Revenue & Customs have left fans feeling a bit blue about things.

It's said that Freund's £75 million pitch falls short of Dr. Tony Xia's valuation; Xia would like bids of at least £100 million, but he understands the situation surrounding the club currently. They face another season in the Championship and also must save around £40 million to fend off Financial Fair Play scrutiny.


On top of all that, Villa suspended chief executive Keith Wyness on Tuesday afternoon. At this point, any talk of a multi-million pound takeover from an American businessman is positive for fans.

This news follows on from reports that a UK consortium were also set to bid for the Birmingham-based club.


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