Aston Villa are understood to be in detailed negotiations with a prospective buyer as American owner Randy Lerner moves closer to selling the club this summer. Lerner has been publicly looking for a sale since last May, and meaningful conversations have taken place with an interested party. Finding a buyer with Villa in such a perilous position has proved difficult, but the bounce caused by Tim Sherwood’s arrival could accelerate the process. Aston Villa are in negotiations with a prospective buyer as American owner Randy Lerner looks to sell the club . Lerner has been publicly looking for a sale since last May and he is believed to want around £150million . Lerner is believed to want around £150million for the club he acquired for £62.7m in 2006, spending around £300m in total of his own cash taking in transfers and wages during his time. The identity of the bidder is a closely guarded secret given the vast sums involved and any announcement might not take place until the season is over or Villa mathematically safe. But indications are Lerner’s nine-year stay as custodian of Birmingham’s biggest club is edging towards an end. Tim Sherwood's instant impact at Villa Park could speed up the club's sale as they edge closer to safety . Sherwood helped Aston Villa thump Sunderland by four goals to nil at the Stadium of Light on Saturday .
Aston Villa are understood to be in negotiations with a prospective buyer . Lerner has been publicly looking to sell the club since May last year . He is believed to want around £150million for the club he acquired in 2006 . Lerner paid £62.7million for the club, spending £300million since then .