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Last Updated: Thursday, 1 September 2005, 08:40 GMT 09:40 UK
Villa reject Ranson takeover bid
Aston Villa chairman Doug Ellis
Former Birmingham and Manchester City defender Ray Ranson has ended his interest in taking over Aston Villa.

Ranson, a successful businessman, had been linked with a 45m bid for the Midlands outfit, but his proposal has been rejected by the Villa board.

"Ray Ranson confirms he submitted a proposal to the board of Aston Villa plc subject to due diligence," a statement to the Stock Exchange said.

"The board of Aston Villa plc have decided that the price was inadequate."

The statement added: "Mr Ranson has therefore decided not to pursue his interest in making an offer."

Major shareholder and chairman Doug Ellis has resisted any attempts to buy control of Villa and a 30m bid from a consortium, which included Ranson, was rejected 14 months ago.

Ellis has suffered health problems in recent weeks and is recovering from triple heart bypass surgery.


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