Aston Villa Shares Price Soar

A “preliminary approach” to buy Aston Villa plc has been confirmed by the football club.

An unknown Russian consortium are believed to be linked with Aston Villa in a deal that could possibly provide manager David O’Leary with £75 million worth of transfer funds to strengthen the squad.

In a statement to the Stock Exchange, Aston Villa plc announced that while such claims were “inaccurate and unfounded… the board had received a preliminary approach, which could lead to an offer.”

Doug Ellis, the enduring Aston Villa chairman, has previously shown very little evidence of selling his share holding in the club.

Earlier this year, Villa famously rejected a £45 million takeover bid by Ray Ranson, a former Newcastle and Man City defender.

The bid, deemed “inadequate” by the board of Aston Villa plc, ended Ray Randon’s interest, but Aston Villa’s share price has soared following his attention and the latest speculation.

On Monday, Aston Villa shares rose by 98.5 pence, from its overnight price to 470 pence per share.

Date: 20.09.05

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