Comer Brothers: No certainty on takeover

The full statement, made by Aston Villa Investments (Avil), the acquisition vehicle formed for the purpose of making an offer for Aston Villa Plc went on to clarify the current status of its plans:

Discussions are ongoing with Aston Villa PLC's advisors. Due diligence is progressing and Avil is focused on settling its financing arrangements.

Avil also wishes to make it clear that it is committed to concluding a transaction on terms acceptable to the major shareholders of Aston Villa and to enable the club to prosper in the future.

For the avoidance of doubt there can be no certainty that an offer will be made nor as to the terms on which an offer might be made nor as to the timing of any offer.