Football: Chinese businessman Tony Xia buys Aston Villa

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May 19th, 2016
Back Football: Chinese businessman Tony Xia buys Aston Villa

Chinese businessman Dr Tony Xia has reached an agreement to buy relegated Premier League club Aston Villa for 60 million pounds. The deal will have to be approved by the Football League, but if it goes through Xia would own 100% of the club and would also become its chairman. The former owner, American billionaire Randy Lerner, had bought the club in 2006 for 62.2 million pounds and has been trying to sell it since 2014.

The club will announce a new manager shortly, the most likely to be appointed are Nigel Pearson and Roberto Di Matteo. Aston Villa finished bottom of the table in the Premier League with just 17 points, with manager Remi Garde sacked at the end of March.

Tony Xia is the owner of a large business group, which employs 35,000 people in 75 different countries. He completed his studies in the United States, at Harvard and Massachusetts Institute of Technology, and also spent five months at Oxford University. He says he is a Villa fan since quite a few years. The immediate target is to bring the club back to the Premier League, then qualify for an European competition. Xia also revealed that he wants to make Aston Villa "the most famous football club in China with a huge fanbase".

Aston Villa are 12/1 at SkyBet to win next season's Championship and get promoted to the Premier League.

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