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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.

Cash Flow

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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The journalist

Writer: Tudor Mail feedback, articles or suggestions

Date:Monday August 25 2008

Time: 9:12AM

Your Comments (oldest first)

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The name knocking around the continent after Man City is Sheikh Mohammed.
Johnny Baguette
Report Abuse
25/08/2008 09:21:00

One of the richest men in the world I do believe?
Tudor
Report Abuse
25/08/2008 09:26:00

Horses for courses no less! The thing is, any prospective buyer taking over City with shedloads of wealth needs to know that we have a chance here to create our OWN superstars. With the right experienced additions, there would be no need to spend like Chelski. City's potential is enormous. I for one am more concerned about what Cook wiill do or say next than anything else.
Johnny Baguette
Report Abuse
25/08/2008 09:30:00

If its anything like our courts, it could drag through for years and I don't expect a speedy verdict.
Buzz Lightyear
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25/08/2008 11:23:00

 

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