Shinawatra's Frozen Assets Close To Being Released
Manchester City owner and ex Thailand Prime Minister Thaksin Shinawatra's £800million fortune, currently frozen in Thai bank accounts is close to being released, according to the AFP news wires.
Thai prosecutors on Monday asked the Supreme Court to decide whether $2.2 billion of frozen money belonging to ousted premier Thaksin Shinawatra's family could be seized by the STATE.
The Supreme Court will now have to set up a team of judges to decide whether they will take the case. No time frame was given.
Reports suggest Dr Thaksin is in negotiations with an Arab consortium, with the initial plan of injecting cash into Manchester City FC, however it appears the same consortium, who are worth billions of pounds are interested in buying the club, lock, stock and barrel.
No names or consortium details have yet been released.
Although Shinawatra still has a few quid tucked away just in case of a rainy day, the lure of available cash might just tempt the Thai to part company with City, once and for all.
City fans can prepare themselves for another season's roller-coaster ride, not only on, but off the field as well.
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