Presenting the inside scoop on the latest Football League news

American lines up Aston Villa takeover bid with Xia considering sale

The Times has reported that Peter B Freund is plotting a £75million offer to takeover Sky Bet Championship side Aston Villa. The American is the owner of Trinity Sports Holdings, and is a shareholder with the New York Yankees, among many other American sports teams.

This news also comes on the day where Sky Sports News has revealed that current Aston Villa owner Dr Tony Xia might be willing to sell the football club. He would only consider this as a last resort however, and purely to prevent the club from entering administration and receiving a points deduction before the 2018/19 season has even began.

Chief executive Keith Wyness was recently suspended by the play-off final losers, whilst John Terry has left following defeat to Fulham, with many more tipped to follow. The club seemingly need to raise at least £40million from player sales alone to comply with Financial Fair Play regulations. With the added stress of other financial worries, is it certainly a testing period for this historic football club.

Whilst the club, at this moment in time, is not officially up for sale, it is becoming an increasing possibility as the days pass. Xia has been in China for several days now, looking to drum up interest in the form of potential investors to reduce potentially loses at Villa Park this summer. The club have started to receive insolvency advice from Trevor Birch, once of Chelsea. It is understood that running the club has been costing Xia £6million per month.

Freund holds a minority share in the New York Yankees, as well as the Memphis Redbirds, Charleston RiverDogs and the Williamsport Crosscutters – all Baseball teams. He has a soccer connection too, having been involved in an expansion agreement to lure a side to be formed in Memphis, eventually for Major League Soccer.

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