Randy Lerner has flogged the Villa to the Recon Group owned by Dr Tony Jiantong Xia subject to the approval of both the Premier League and the Football League.
Once those approvals have been granted and the new board members approved under the fit & proper rules of both leagues, Our Tone will become Chairman of Aston Villa.
The club website states that "Dr Xia's immediate objective is to return Aston Villa to the Premier League and then to have the Club finish in the top six, bringing European football back to Villa Park. He plans to make Aston Villa the most famous football Club in China with a huge fan base."
villmad.co.uk welcomes the change of ownership and hope that there is some light at the end of the tunnel.
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