Former Birmingham defender Ray Ranson has ended his interest in a takeover of Aston Villa.

Ranson, a successful businessman since ending his football career, has been courting the midlands outfit for some time but after a proposal was submitted to the Villa plc board and rejected, the ex-Manchester City player has ended his pursuit.

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

"Unfortunately the board of Aston Villa plc have decided that the price indicated was inadequate. Mr Ranson has therefore decided not to pursue his interest in making an offer."

More on this story in Friday's Birmingham Post