Former Portsmouth and Sheffield Wednesday owner Milan Mandaric is thought to have seen an offer to buy Sky Bet Championship crisis club Aston Villa rejected according to reports by Birmingham Live.
The 79-year-old has plenty of history in the English Football League after spending five years with Pompey before spells at Leicester City and Sheffield Wednesday.
It has now been revealed that the Serbian supremo made an offer to purchase beleaguered Sky Bet Championship club Aston Villa last month but current Villa owner Dr Tony Xia is said to have rejected the bid as he looks to plot another escape for the club from their current financial meltdown.
Villa have been heavily hit by Financial Fair Play (FFP) rules and have been forced into selling many of the top earners at Villa Park. The club’s failure to reach the English Premier League last season has also contributed to Villa’s precarious financial position.
In the long term, Villa owner Xia may have no other alternative than to sell the club but he is believed to be keen to rescue the claret and blues and continue his reign in charge of the Midlands outfit.
Xia bought Villa from former owner Randy Lerner in summer 2016 but has been unable to help the club bounce back from their relegation from the top flight in 2015/2016. Villa finished 13th in the Sky Bet Championship in Xia’s first campaign at the helm while they were fourth last season before losing to Fulham in the Play-Off final.