Aston Villa chief reveals fresh plans on how to spend his multi millions, club will benefit
By Matt Lynch
Aston Villa’s new owner wants to branch out from owning the Midlands side and add to his football club portfolio, according to a report.
Incoming new owner Dr Tony Xia is said to be interested in teams in China, America and India as he looks into deals across the globe.
The Birmingham Mail claim that the Chinese businessman, who is expected to get his deal for the outgoing Premier League side ratified next week, is looking into the prospect of investing in a Chinese Super League franchise.
It’s said that the incoming owner will look to make Villa Park the cornerstone of his football venture with Xia also looking at teams in America as well as India.
Xia previously said in an interview with CNN that he would look to develop youth players at the Birmingham-based side from countries such as China and India.
Subscribe to Football Insider TV now
The Recon Group chairman will also look to find feeder clubs for Aston Villa so they can develop some of the brightest prospects in world football, while also developing the famous claret and blue brand worldwide.
It hasn’t been quite clear how much finance Xia has behind him with the Harvard graduate refusing to give much away about his personal wealth.
The scale of his business is shown though as he is said to have around 40% of the Digital City business sector in China.
It was announced last week that Tony Xia would be taking over the relegated Premier League side from Randy Lerner who took over from Doug Ellis in 2006.
Randy Lerner had been attempting to sell the club for a few years and was accused by many fans of asset stripping.
In other Aston Villa news, the Villans are bracing themselves for an approach for their Irish international.