Chairman Steve Hollis is finalising the sale of Aston Villa as Roberto Di Matteo emerges as favourite to be the club’s new boss.
Hollis, who was appointed in mid-January, has been working on a deal to sell Villa for several weeks and it is hoped an announcement might be forthcoming.
Four buyers had expressed an interest in the club but Hollis has focused on a Chinese consortium and talks have reached an advanced stage – so much so that the potential new owners are understood to want to pick the club’s new manager, and their top choice is former Chelsea boss Di Matteo.
Ex-Leicester City manager Nigel Pearson was thought to be the leading candidate to take over as Villa boss but Di Matteo is now the favourite with several bookmakers.
Reports say Villa could conclude a sale as early as this week with current owner Randy Lerner keen to sell up as soon as possible.