Aston Villa owner Lerner not selling club, says chief exec Faulkner

Aston Villa owner Randy Lerner does not want to sell the club despite suggestions he was looking to recoup £200 million on his initial investment, according to The Telegraph.

Lerner bought Villa for £62.6 million in 2006 and has spent £250 million on players and upgrading club facilities, but reports suggested that he was hoping to sell up.

Chief executive Paul Faulkner has denied any speculation that Lerner is looking to sell and said: “I can categorically confirm Aston Villa Football Club has absolutely not been put up for sale and that Randy Lerner is not actively looking to sell the club.”

Despite his large investments, the American chairman has scaled back his investment in the club since the country’s economic issues in 2007.

The club’s wage bill has now been slashed and the club only made two loan signings in the January transfer window.

The 51-year-old had also previously owned the NFL team Cleveland Browns but sold up the franchise in 2012.

Since Lerner took over at the club, Villa managed three successive sixth place finishes between 2007 and 2010 but have failed to maintain that success in recent seasons, currently sitting 10th in the Premier League.

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