Aston Villa Football Club have announced that an agreement has been
signed for the sale of 100% ownership by Randy Lerner to Recon Group
owned by Dr Tony Jiantong Xia subject to the approval of the Premier
League and the Football League.
Once those approvals have been granted and the new board members
approved under the fit & proper rules of both leagues, Dr Xia will
become Chairman of Aston Villa.
Recon Group is Dr Xia's privately owned holding company that owns the
controlling interest in five publicly listed companies on the Hong Kong
and Chinese stock exchanges and many other private companies employing
35,000 people in 75 countries.
Dr Xia played football as a striker until he finished at college and
football has remained his passion. Dr Xia decided to buy an iconic
football Club in England as the cornerstone of his Sports, Leisure and
Tourism Division.
He became a fan of Aston Villa many years ago and is delighted at the opportunity to become the new owner.
Dr Xia's immediate objective is to return Aston Villa to the Premier
League and then to have the Club finish in the top six, bringing
European football back to Villa Park.
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