American billionaire Randy Lerner has completed his takeover of Aston Villa after increasing his shareholding to almost 90 per cent.
Villa’s statement to the Stock Exchange said: “Aston Villa is pleased to announce the appointment of Randolph Lerner as chairman and General Charles C Krulak, Bob Kain and Michael Martin as new non-executive directors. The appointments are effective from today.”
Lerner is the owner of the NFL American football team the Cleveland Browns.
Former chairman Doug Ellis, 82, has stepped down from the position he has held on and off since 1968.