Chinese businessman to buy English football club Aston Villa



Linkedin Twitter

Aston Villa Stadium

A Chinese businessman has agreed to buy historic English football club Aston Villa, the latest in a series of investments from China into football worldwide as President Xi Jinping looks to make the country a global powerhouse in the sport.

The deal, reportedly worth 60 million pounds ($88 million), will see the chairman of Recon Group, Xia Jiantong, become the first mainland Chinese to fully own an English team.

The Aston Villa deal offers 100 per cent ownership to the Chinese magnet.

Villa’s American owner Randy Lerner, who put the club on the market in 2014, struck the deal after former English champions Villa suffered a miserable season that left them relegated from the country’s top football league.

Recon Group, Xia’s privately owned holding company, owns a controlling interest in five publicly listed companies on the Hong Kong and Chinese stock exchanges.

The deal with American-educated Xia, 39, ends an unhappy tenure for Lerner, who bought the midlands club for 62.2 million pounds in 2006. Fans have openly demonstrated against his continued involvement with Villa, who were European champions in 1982 and have won the English top-flight title seven times.

Xia, who studied at Harvard University and has a doctorate, took to his official microblog late on Wednesday to wish the club’s fans “health and happiness”. Earlier this month he posted: “Go, Villa, Go! We will be back.”

Watch 150 member-exclusive videos with valuable tips for your venue



« Previous News:
» Next News:



More News

Women on the move

Breaking the proverbial glass ceiling

Published: March 1, 2021

Women are breaking the glass ceiling and rubbing shoulders with men equally in boardrooms. And this... » Read more

Lucas Oil Stadium prepares for NCAA March Madness

180 degree turn for Lucas Oil Stadium

Published: March 1, 2021

The football pitch of the Lucas Oil Stadium located at Indianapolis in the US State of Indiana is... » Read more

NBA All-Star 2021 in Atlanta

NBA bats for All-Star despite COVID concern

Published: March 1, 2021

The National Basketball Association (NBA) aims to go ahead with staging the 2021 edition of the... » Read more

Argentina San Lorenzo new stadium- Prensa San Lorenzo

Will it be homecoming for San Lorenzo?

Published: March 1, 2021

For Argentine top tier football club San Lorenzo returning to the Buedo district of Argentina’s... » Read more


Receive global sports venue NEWS twice a week in your inbox