Aston Villa takeover close to being approved by EFL

Date published: Friday 10th June 2016 4:43

Aston Villa: Xia takeover close to completion

Prospective owner Dr Tony Xia will meet EFL officials to push through the takeover of Aston Villa after he passed the fit and proper persons test.

The buyout, believed to be around £75million, could be given the green light by Wednesday, Press Association Sport understands.

He will replace Randy Lerner as owner and become the new chairman with Steve Hollis, who joined in January, departing after overseeing an internal restructure.

Roberto Di Matteo was appointed Villa’s new manager last week and is yet to face the press as the club wait for Xia’s deal to be rubber-stamped.

Once the takeover has gone through the pair are expected to hold a joint conference.

Di Matteo replaced Remi Garde, who left in March with the club on the verge of relegation from the Premier League, which was confirmed in April, the first time the club has dropped out of the top flight since 1987.

The Italian has been joined by new assistant Steve Clarke, whom he played with at Chelsea, and first-team coach Kevin Bond.

His first priority will be to overhaul an under-performing and demoralised squad, with Jordan Ayew and Jordan Amavi, along with a host of squad players, expected to leave ahead of the Sky Bet Championship season.

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