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PRIVACY
Economic Development

Rich List 2017: No.6 - Dr Tony Xia

The new owner of Aston Villa is our third Chinese new entrant and sees the club once more featured in the Rich List after Randy Lerner's departure last year

Dr Tony Xia, Chairman of Aston Villa.(Image: Birmingham Mail)

Football/Industry
2017: No.6 - £990m
2016: - New Entry

Well, he's finally gone. After dropping anchor in the Birmingham Post Rich List for a couple of years longer than expected, has finally sailed into the Stateside sunset.

If you are lucky enough to have a fortune in the bank there's two ways of drastically reducing it: getting a divorce or buying a Premiership football club.

Randy Lerner did both, so selling the club for around £70 million - a tad more than he paid for it - must have come as some relief.

He stands to gain another £30 million if make it back to the within three years.

Following the deal in June, Dr Tony Xia is the new man in charge, and he made his presence felt quickly, with the rapid exit of Roberto di Matteo after a long run without a victory.

Tony Xia, 40, owns a broad-based Chinese conglomerate - the Recon Group - which owns the controlling interest in several publicly-listed companies on the Hong Kong and Chinese stock exchanges.

He is chairman and chief executive. His other private companies employ more than 35,000 people in 75 countries.