Aston Villa news: Dr Tony Xia’s takeover expected to be confirmed next week

12 Jun

Aston Villa’s takeover headed by Dr Tony Xia is expected to go through next week. 

The buyout, believed to be around £75million, could be given the green light by Wednesday, Press Association Sport understands.

Xia is expected to meet English Football League (EFL) officials after the weekend to sign off on the deal ahead of official confirmation after passing the owners’ and directors’ test. 

He will replace Randy Lerner as owner and become the new chairman with Steve Hollis, who joined in January, departing after overseeing an internal restructure. 

Roberto Di Matteo was appointed Villa’s new manager last week and is yet to face the press as the club wait for Xia’s deal to be rubber-stamped. 

Once the takeover has gone through the pair are expected to hold a joint conference.

Di Matteo replaced Remi Garde, who left in March with the club on the verge of relegation from the Premier League, which was confirmed in April, the first time the club has dropped out of the top flight since 1987. 

The Italian has been joined by new assistant Steve Clarke, whom he played with at Chelsea, and first-team coach Kevin Bond.

His first priority will be to overhaul an under-performing and demoralised squad, with Jordan Ayew and Jordan Amavi, along with a host of squad players, expected to leave ahead of the Sky Bet Championship season.


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