Aston Villa in a possible takeover

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The Premier League club is reportedly on the brink of a GBP 64m takeover by property company the Comer Homes Group. The club has been linked with a string of possible takeovers in the past year, but, according to media, the latest approach is in advanced stages and could be sealed very soon.

A statement issued from Aston Villa plc, however, stated "the board have not met with any other members of the consortium group nor received any confirmation of the availability of sufficient funding to support any potential offer and so they can only treat the approach as speculative at this stage."

According to media reports, the Group - owned by Irish brothers Brian and Luke Comer - has pledged to plough 20% of its yearly profits into the club’s squad and stadium, which would give the Midlands team a minimum GBP 20m a season. It is thought Michael Neville, a Solihull-based businessman and club supporter, will be responsible for the day-to-day running of the club as executive chairman, while Doug Ellis, the existing chairman would stay on in a non-executive capacity.