Aston Villa may be on the verge of a £75million takeover from a Chinese consortium that could be finalised in the coming days.
The Daily Express claims that the deal could be ‘rubber-stamped’ as early as the end of the week, forcing American owner Randy Lerner to sell the club on.
It is believed the consortium from the Far East are the only interested party, and they want to hire ex-Chelsea boss Roberto Di Matteo to take over the Championship club.
Lerner has been trying to sell the club for two years, and has finally found interested when he cut the asking price, after initially requesting £200m for Villa.
Former Aston Villa director Mervyn King left the club last month, and in an interview with Bloomberg he raised hopes that a sale was imminent.
“It (his decision to quit) was a very difficult one. I have been watching Aston Villa for over 55 years.
“It’s been a big part of my life but my letter of resignation explained why I stood down along with David Bernstein.
“We both very much hope the events of the next few weeks will put Villa back on track to where it should be.
“It’s one of the great clubs of this country, involved in the foundation of the Football League, champions of Europe.
“We will get back there after a period.”