Chinese tycoon scores with Aston Villa buy

Tony Xia paid £60 million for the under-achieving English football club, adding another deal to what looks set to be a record year for China outbound M&A.

It wasn’t the best season for Aston Villa. The 142 year-old football club had by far the lowest points total in the English Premier League but now it has been relegated perhaps it has scored its most important goal of the year – by getting a Chinese buyer.

On Thursday, former European champions Aston Villa announced that Chinese tycoon Tony Xia Jiantong has agreed to acquire the football club for £60 million ($88 million), ending a decade of ownership by American businessman Randy Lerner.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media