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Takeovers

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Aston Villa deal imminent

A deal to sell Aston Villa to a consortium for around £150m is thought to be imminent.  Due diligence has been in progress and the purchasers are just waiting to ensure that the club's Premiership place is secure.

Because of the impending deal Villa have not made any arrangements for a pre-season tour.   Randy Lerner will make a rare visit to a Villa match when he attends the FA Cup semi-final on Sunday.

It remains to be seen whether new owners can realise the potential of this sleeping giant.

Lot of interest in buying Baggies

At least five groups have now expressed an interest in taking over West Bromwich Albion.  An Australian consortium, two groups from the Far East and a potential buyer from the United States are known to have expressed an interest.   At least one other group of possible buyers has already been shown round The Hawthorns and the training ground.

English clubs seen as good value by American investors

When the takeover of Crystal Palace is completed as expected by the end of the season, it will become the fifth American owned club in the Premier League.  At £90 million the price is higher, even allowing for inflation, than the £62m Randy Lerner paid for Aston Villa in 2006 or the £22m Ellis Short paid for Sunderland in 2009.

New Palace owners will not splash the cash

The takeover of Crystal Palace by a consortium led by Josh Harris, an American private equity investor, is expected to be approved by the Premier League within the next few days.

The formal change of ownership may not be announced for some weeks, but the parties have been in talks for six months and have built up a good working relationship. The purchase price is thought to be in the region of £100m.

The consortium includes several prominent Wall Street figures, many of whom are involved with the New Jersey Devils, an ice hockey team, and the Philadelphia 76ers of the NBA.

Top US investors target Palace

After their win over Queens Park Rangers yesterday, Crystal Palace's position in the Premier League is effectively secure.   The club is being targeted in a takeover bid by top Wall Street investors and a deal could be concluded as early as this week,

The group of investors includes private equity executives from Apollo Global Management and Blackstone.  The US consortium is led by Josh Harris, a billionaire who helped found Apollo and David Blitzer, a senior executive at Blackstone.

New era at Rangers?

The Dave King consortium has acquired control of Rangers leading to hopes of a new era at the troubled club.  King is an exiled Glaswegian living in South Africa, where he has pleaded guilty to charges of tax evasion.  He is generally seen in a favourable light by supporters given the performance of the old board.    He will, however, have to pass a fit and proper person test.

Swansea City takeover unlikely to proceed

Swansea City can celebrate with justification after completing the double over Manchester United and staying in the top half of the table all season, no mean feat from a city (known in Welsh as Abertawe) that is not that large or that prosperous.   The club has, however, clearly been well run after recovering from some dark days.

Unhappy days at Orient

Last season Leyton Orient were contenders for promotion.   This year they are bottom of League 1.  The Italian takeover of the club does not seem to have worked well.  Even team talks are being given in Italian.

In one bizarre development, the club has been given its own reality television show in Italy which could lead to a player contract.   Owner Francesco Becchetti thinks it will raise the profile of the club and perhaps produce good players.

Modi wants to buy stake in Rangers

Lalit Modi, the commissioner of cricket in the Indian Premier League, is interested in buying a 26.6 per cent stake in Rangers.   He thinks that the club is currently under valued.   He is targeting the shares held by the Easdale brothers.

Talks are at a very preliminary stage, but some argue that events in his past do not make him a suitable person to be involved in a football club.

Tuna tycoon takes over Owls

Thai tycoon Dejphon Chansiri has purchased Sheffield Wednesday.   His family controls Thai Union Frozen Products, the world's largest producer of canned tuna and one of the biggest worldwide general seafood producers.   It owns the John West brand in the UK.

The value of the deal was reported to be about £30m.   The club lost £3.7m in the 2012-13 season, which is quite a low figure compared with some Championship clubs, on turnover of £15m,  It had £11m in debt.