Former Aston Villa owner Randy Lerner to bank 30m following Premier League promotion due to clause in takeover contract

Former Aston Villa owner Randy Lerner to bank 30m following Premier League promotion due to clause in takeover contract
Aston Villa’s former chairman Randy Lerner will receive 30million after the club won promotion to the Premier League following their win over Derby County at Wembley on Monday.The payment relates to Lerner’s sale of the club to Chinese billionaire Dr Tony Xia when Villa were relegated in 2016, which included a ‘three-year promotion bonus’.getty2

Lerner will receive 30m after Aston Villa won promotion

Xia paid an initial 76.2m for the club and a clause was included stating that Lerner, who took control of Villa in 2006, would be paid an extra 30m, if the club achieved promotion back to the top-flight in the desired time frame.Lerner will also be given a further 10m if Villa avoid the drop in their first campaign back. However, that amount, plus the 6m bonus the players will get for winning promotion, is small change for Villa who won the match dubbed ‘the richest in football.’Deloittes Sports Business Group has forecast that promotion to the Premier League is worth 170m over the next three years, and more than 300m over five years if the club is successful against relegation in the first season.Goals either side of half-time from Anwar El Ghazi and John McGinn put Villa firmly in control, but Jack Marriotts strike in the 81st minute, which was deflected by Martyn Waghorn, ensured a nervy finish for Dean Smith’s side who held on for victory.getty2

Villa have ended their three-year exile from the top-flight

Businessmen Nassef Sawiris and Wes Edens spoke toJim WhitefollowingMondays play-off final victory, and said they plan to build Villa into one of the best clubs in the world.Speaking to Jim White after the final whistle, the Sawiris said:I still cant believe were in the Premier League.Im still getting the thought through my mind. This is the second best feeling since my daughter was born!This is why I came into English football. Im a very bad loser, everybody who knows me knows that I hate losing, so were here to win.Dean and the squad were amazing, they had belief, and the fans were great.And with such a great fanbase, the sky is the limit!

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Former Aston Villa owner Randy Lerner to bank £30m following Premier League promotion due to clause in takeover contract Aston Villa's former chairman Randy Lerner will receive £30million after the club won promotion to the Premier League following their win over Derby County at talkSPORT 9 hours ago Also reported by •Daily Star
Aston Villa return to Premier League with win over Derby

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Aston Villa owner Randy Lerner fell out with former board members David Bernstein and Mervyn King over bitter email exchange. David Bernstein and Mervyn King resigned a day after Villa's relegation
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Former Aston Villa owner Randy Lerner to bank £30m following Premier League promotion due to clause in takeover contract Xia paid an initial £76.2m for the club and a clause was included
Former owner Randy Lerner nets £30m windfall after Aston

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Former Aston Villa owner Randy Lerner to bank £30m following Premier League promotion due to clause in takeover contract Tuesday, 28 May 2019 ( 50 minutes ago ) Aston Villa's former chairman Randy Lerner will receive £30million after the club won promotion to the Premier League following their win over Derby County at Wembley on Monday.
£170m at stake with 90,000 watching: The richest game in
tellmysport.com/soccer/170m-at-stake-with-90000-watching-the-richest-game-in-sport/
£170m at stake, 90,000 watching and £10m worth of bonuses: Derby and Aston Villa head to Wembley for the richest game in sport… and former Villa owner Randy Lerner is in line for £30m if they go up!
Norwich promoted to Premier League with win over Blackburn

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Former Aston Villa owner Randy Lerner nets £30MILLION windfall after their promotion due to clause inserted in Dr Tony Xia's 2016 takeover. The bumper payout was agreed during Tony Xia's takeover
WOW! Aston Villa promotion earns Lerner £30M - Tribal Football

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Former Aston Villa owner Randy Lerner to bank £30m following

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Former Aston Villa owner Randy Lerner is due a staggering £30m payout after their promotion playoff success. The Daily Mail says the bumper payout was agreed during Dr Tony Xia's takeover of the
Former owner Lerner nets £30m windfall after Villa clinch
allmysportsnews.com/soccer/former-owner-lerner-nets-30m-windfall-after-villa-clinch-promotion/
Former Aston Villa owner Randy Lerner nets £30MILLION windfall after their promotion due to clause inserted in Dr Tony Xia's 2016 takeover. The bumper payout was agreed during Tony Xia's takeover of the club in 2016; Xia paid £76.2m, with an extra £30m if they were promoted within three years
Former Aston Villa owner Randy Lerner to bank £30m following

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Former Aston Villa owner Randy Lerner to bank £30m following Premier League promotion due to clause in takeover contract Aston Villa's former chairman Randy Lerner will receive £30million after the club won promotion to the Premier League following their win over Derby County at talkSPORT 1 week ago
Aston Villa owner Randy Lerner fell out with former board

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Aston Villa are returning to the Premier League 00:32 Aston Villa have made their way back to the Premier League after defeating Derby County 2-1 at Wembley in the Championship playoff final. The club joins Norwich City and Sheffield United as the three clubs heading to the top flight and replacing Huddersfield Town, Fulham and Cardiff City.