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Dr Steve McCabe, from Birmingham City Business School, believes any new owner of Aston Villa will have to very rich, highlighting Randy Lerner's £200million expenditure, with little to show for it.
Doug Ellis, the man who sold Aston Villa to Randy Lerner, gave ITV News Central an exclusive TV interview today telling Steve Clamp that he expects the new buyer of the club to also be from America.
Aston Villa owner Randy Lerner has announced that he has put the club up for sale.
In a statement, Lerner said he has pushed his fates "well past the limit" by weekly battles and said he felt the decision puts the club first.
More to follow.
Latest ITV News reports
Full statement from Aston Villa owner Randy Lerner, as he confirms he has put the club up for sale.