SportBusiness.com

LERNER'S VILLA STAKE CONFIRMED

The London Stock Exchange has announced that Randy Lerner, who owns the Cleveland Browns NFL team, now owns 59.69% of EPL Club Aston Villa.

The Villa board accepted the American's £62.6m offer on 14 August, after consortia led by Michael Neville and Nicolas Padfield failed to table a bid.

The 57% of the club owned by chairman Doug Ellis and fellow shareholder Jack Petchey will now be transferred. Lerner will need to acquire 75% of the shares to assume full control of the club.