In August Aston Villa accepted Lerner's £62.6 million cash offer to acquire the entire issued and to be issued share capital of Aston Villa. Following the recommended cash offer for Aston Villa made by Lerner's company Reform Acquisitions Limited, Doug Ellis OBE, the Executive Chairman of Aston Villa resigned from the board. Lerner replaces him as chairman.
General Charles C. Kulak, Bob Kain and Michael Martin are the new Non-Executive Directors. The final deal was announced to the London Stock Exchange.
