There hasn’t been enough interest to buy Aston Villa over the past few weeks and it’s reported by the Mirror and the Birmingham Mail that Randy Lerner has slashed his asking price by £50 million. That means that Lerner is now looking to sell the club at roughly £150 million. Lerner has also decided to widen the scope of his sale and it’s believed he will also be looking at interest from the Middle East.
The reduction of price may appeal to many potential owners, especially in the Middle East. Paul Lambert will unlikely be given any money to spend in the summer by Lerner. It’s in the clubs best interest to sell the club as soon as possible.
The price reduction means that Aston Villa can be sold for £150 million. That’s cheap, especially for a sports team. Recently a NBA team was sold for roughly $2 billion. While a Formula 1 is believed to be on sale for roughly $350 million. Aston Villa have a good fan base, and are located in the second biggest city in England. I’m a little surprised and upset that there hasn’t been much interest in the club. If the club doesn’t get sold during the summer, Lambert may have to work with the squad he currently has.