Aston Villa's board have accepted a £62.6m takeover of the club
from American billionaire Randy Lerner.
A club statement on the Stock Exchange said a stake of 56.85% of
majority shareholders had been secured by Lerner at 547 pence per
share.
Four consortia had been linked with the club but the Villa board
have recommended 44-year-old Lerner's offer to shareholders.
Doug Ellis, 82, chairman from 1968-75 and since 1982, is to stand
down.
