Lerner replaces Ellis

19 september 2006, 14:00

The Doug Ellis era at Aston Villa is finally over, with Randy Lerner taking over as chairman.

American billionaire Lerner now has 89.69% of the shares and is entitled to compulsorily purchase the remaining 10% to take full control when he reaches 90%.

Ellis' departure as chairman has been confirmed on the Stock Exchange, with Stephen Kind, Anthony Hales, David Owen and Peter Ellis resigning from the board of directors with effect from Tuesday.

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