O'Neill staying as Villa bossMartin O'Neill is staying on as Aston Villa manager following positive talks with American owner Randy Lerner.
Villa have enjoyed a successful 2009/10 campaign with their sixth-place finish securing Europa League football next season.
The Midlands outfit also reached the Carling Cup final and progressed to the semi-finals of the FA Cup.
O'Neill stated last weekend he was due to meet with Lerner in the coming days to have an in-depth look over the season.
Some felt O'Neill's position could be under threat despite comments last week that he was eager to stay on at Villa Park.
O'Neill had previously rejected recent unsubstantiated internet rumours that he was unhappy with Lerner's transfer policy.
Lerner was happy with the meeting with the club's manager and confirmed O'Neill will have money to improve his squad in the summer.
Exciting
"Martin will be back next year managing," said Lerner. "It has already been settled. He and I spoke on a number of occasions in person and over the phone.
"Yesterday I dragged him out of a series of meetings with chief executive Paul Faulkner trying to get plans for the summer underway.
"We feel very good about that because it represents continuity for the players and in many other ways.
"I think next year will be exciting and worthwhile and I look forward to it."
Though some funds would be available for O'Neill to strengthen his squad during the summer Lerner admitted the club would not be able to sign a £30million player.
He said: "That sort of deal would be outside of our means."
Aww such a shame I was really looking forward to him coming to manage LFC all that classy free flowing, short passing football he likes to play is much needed here.
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