Aston Villa News

Aston Villa Official Club Statement

 

Aston-Villa-Takeover

 

Aston Villa Football Club is pleased to announce that an agreement has been signed today 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. The Club will announce the appointment of a new manager shortly.

Randy Lerner has sought the right new owner for Aston Villa who would take great care of the Club and restore its fortunes. He believes that Tony Xia is an excellent choice.

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. He plans to make Aston Villa the most famous football Club in China with a huge fan base.

Introducing Tony Xia

Recon Group is a 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.

Recon Group is a multinational conglomerate operating in six core business sectors and has taken advantage of China’s economic growth over the last two decades as the Government has carried out a programme of moving 500 million people from rural to urban living. Recon Group has been at the forefront of this giant urbanisation development and holds an estimated 40% market share of the Digital City business sector.

The six core business sectors include IT Infrastructure and Services for Smart Cities, Health & Agriculture, New Energy & Smart Transportation, Engineering & Design, Recon Capital including financial services and Sports, Leisure & Tourism.

Lotus Health Group, part of the Health and Agriculture Division, is listed on the Shanghai Stock Exchange and is the largest glutamic company in China and the second largest in the world with 12,000 employees, 10,000 distributors in China and 40,000 worldwide in 70 countries.

Dr. Tony Jiantong Xia is the Chairman/CEO and owner of Recon Group. After graduation in China, he was amongst the initial 25 highly rated graduates out of 1,000 sent to study overseas. He spent six years at Harvard and MIT including five months exchange with Oxford University before returning to China to develop Recon Group.

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. He plans to make Aston Villa the most famous football Club in China with a huge fan base.

 

Originally posted on avfc.co.uk

 

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