Randy Lerner
Lerner took charge of Villa in 2006.

Aston Villa owner Randy Lerner has confirmed his intention to sell the Villa Park club.

Lerner took ownership of the Midlands club in 2006 and guided the club into Europe but regular player sales have led to consistent battles with relegation.

The final day defeat to Tottenham Hotspur was the club's seventh loss in 10 games with Paul Lambert's team finishing five points above the drop zone.

Uncertainty has reigned over Lerner's future at Villa amid the departure of assistant manager Ian Culverhouse and head of football operations Gary Karsa in April and the American has paid tribute to how the club has continued amid off-field uncertainty.

"I have come to know well that fates are fickle in the business of English football," the 52 year old said. "And I feel that I have pushed mine well past the limit.

"The last several seasons have been week in, week out battles and having now come through this last season unfortunately limping amidst very meaningful injuries and constant sale rumours, I feel further that now is the time for me to look for new ownership and thus new leadership.

"I have asked the world of Paul Lambert and Paul Faulkner and they have both delivered selflessly. On a personal level it is time for me, like the Shunammite, to dwell among my own and get on with other aspects of my career, following a sale.

"Above all, the debt I owe Aston Villa whether as owner, Chairman, custodian or simply as a fan is to put the Club first. To make good on that debt, I owe it to Villa to move on, and look for fresh, invigorated leadership, if in my heart I feel I can no longer do the job."