Arsenal legend Tony Adams is trying to raise money to fund a £150 million takeover of Aston Villa, reports the Daily Mirror.
The 48-year-old has apparently been working with former IMG and Chelsea chief executive Paul Smith to get the funds from various City investors. The pair are also keen on investing in Belgian, Italian, and Portuguese clubs according to the report.
Current Villains owner Randy Lerner is supposedly keen to sell up despite the side’s recent good run in the FA Cup, which has seen them get to the final against Arsenal. However, Adams and Smith will have to fight off two other groups who are interested in taking the club from him.
Any takeover could be dependent on the Midlands team staying in the Premier League this season. Despite being 14th in the division, they are still just two points off the relegation spots with three games to go. Were they to go down to the Championship, it could put off potential investors due to the loss of the huge increase of television revenue set to come in from 2016.