Aston Villa said on Monday they have received a preliminary approach to buy the English Premiership club.
Villa were the subject of weekend speculation linking a Russian consortium with a possible takeover.
Reports claimed manager David O’Leary would be given £75-million to spend on players if the Russian group succeeded in a buy-out.
A statement from Aston Villa plc to the Stock Exchange said such claims are ”inaccurate and unfounded”.
”However, the board has received a preliminary approach, which could lead to an offer for the company. Shareholders will be updated of any further developments.”
Villa chairperson Doug Ellis has shown little inclination to sell his shareholding in the club.
Former Newcastle defender Ray Ranson, now a successful businessman, was keen on taking control of Villa earlier this summer, but he ended his interest at the start of September after having an offer rejected.
The club’s share price has climbed steeply amid the interest from Ranson and the latest speculation of further possible movement. — Sapa-AFP