Over the last few days we have seen brand new rumours emerge about the takeover of Aston Villa football club. After it had all gone quiet on the takeover front, it was was nice to finally have some news after a few weeks. However, like many of the takeover rumours so far, the latest one could well amount to nothing.
The latest people prospective buyers are thought to be American billionaires Joshua Harris and David Blitzer. The pair have a great business relationship and are best known for being the businessmen behind hit television show ‘American Idol’.
The pair have reportedly been scouring the country looking for a football club to buy. With Villa currently for sale, it seems that they’ve set their sights on taking over the reigns from Randy Lerner. Harris and Blitzer already own two sports franchises in the US, the first being an NHL franchise, the New Jersey Devils, and the second a basketball franchise that gives them ownership of the Philadelphia 76ers. This could be seen one of two ways: looking at it positively, it shows that they already have knowledge of how to run sports teams and could hopefully take over at Villa without any hassle or you could say that, as they already own two sports teams, Villa wouldn’t be getting their undivided attention, as seen with Lerner while he was the owner of the Cleveland Browns.
Joshua Harris is best known for being the co-founder of Apollo Global Management, a private equity company. It’s estimated that Harris is worth a healthy sum of $2.1billion.
David Blitzer is currently a Senior Executive at a different private equity firm, Blackstone Group. It is not known how much Blitzer is worth but in 2011 Forbes stated that the Manhattan businessman’s net worth was somewhere in the region of $1.2billion.
If these two were to buy Aston Villa Football Club, there would definitely be an exciting time in store for Villa fans with increased funds being made available to manager Paul Lambert (or his replacement), although it would not be quite as much as the likes of Larry Ellison, another rumoured buyer, would be able to invest.