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Aston Villa sold to Chinese businessman for £60 million

Aston Villa has confirmed that Chinese businessman Dr Tony Jiantong Xia has bought the club for a reported sum of £60 million.

Dr Xia became a fan of Aston Villa many years ago and is delighted at the opportunity to become the new owner.

Randy Lerner has sought the right new owner for Aston Villa who would take great care of the Club and restore its fortunes. He believes that Tony Xia is an excellent choice.

Dr Xia's immediate objective is to return Aston Villa to the Premier League and then to have the Club finish in the top six, bringing European football back to Villa Park. He plans to make Aston Villa the most famous football Club in China with a huge fan base.

– Aston Villa Club Statement

American billionaire Randy Lerner bought Aston Villa in 2006 for £62.2m and put it up for sale in 2014.

The club's new manager will not be announced until the deal is done, though it is likely to be either Nigel Pearson or Roberto di Matteo.

Bets on Roberto Di Matteo to be next Villa Manager

Roberto Di Matteo Credit: Roland Weihrauch / DPA/PA Images

Roberto Di Matteo is now odds-on to be the next permanent manger of Aston Villa.

It comes after gambling company, bet365, were forced to cut their odds from 66/1 into 2/5 after a sustained plunge.

bet365’s Steve Freeth said:

“There were a few nibbles on Tuesday at 66/1 and 33/1 but punters have been keen to take much shorter odds on Wednesday afternoon, including at odds-on, which is always a tell-tale sign that something may be afoot.”

– Steve Freeth

Who are people placing their bets on to become the next Villa manager?

  • Roberto Di Matteo 2/5
  • Nigel Pearson 3/1
  • Steve Bruce 5/2
  • Simon Grayson 14/1
  • Mick McCarthy 16/1
  • Neil Warnock 16/1
  • David Moyes 16/1
  • Gareth Southgate 33/1
  • Chris Hughton 33/1
  • Sean Dyche 33/1


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