UK time is: 21:05:51
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

City in Takeover Talks

Speaking to shareholders at this morning's AGM, Manchester City FC chairman, John Wardle, announced that the club are in the early stages of talks with a potential investor.

'I can confirm that during the past year, we have indentified a series of leads in relation to possible investment in the club,' said Wardle. 'I can further confirm that we are currently in talks with an investor that may lead to potential investment. Talks are at a very early stage and accordingly we are not yet in a position to disclose the identity of the possible investor.'

'The board are aware that we need further investment to maintain our challenge in an increasingly competitive and high-finance Premier League,' said Wardle. 'With the new TV deal commencing next season, we are all conscious of the importance of the current campaign. Whether or not the current talks succeed, the policy of the board is to welcome approaches from investors who can demonstrate the capacity and commitment to provide long-term benefit for the club.'

Wardle's disclosure of such talks can be interpreted in one of two ways. Either the board are very confident that the talks will lead to firm investment in the club or it was simply a statement to draw criticism away from the perceived lack of ambition at the club.

I personally hope that it is the former. City cannot expect to make progress without further large scale investment. Both Wardle and his partner David Makin have invested heavily in the club and cannot be expected to dip their hands into their pockets again.

Alastair Mackintosh, meanwhile, has come under huge criticism for his failure to bring in investment whilst drawing a salary of a quarter of a million sterling as the club stands still. Let's hope he has finally delivered and the club can eventually move forward.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!


Click here to join in the debate on the club forum.

The journalist

Writer: Andy Leggott Mail feedback, articles or suggestions

Date:Thursday December 7 2006

Time: 4:27PM

Your Comments (oldest first)

Change to most recent first
The sooner the investment comes in the better.
alphieblues
Report Abuse
07/12/2006 21:50:00

As long as there's some investment in the team
ronin
Report Abuse
07/12/2006 22:16:00

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Manchester City Articles

Stats: Chelsea v Manchester City (Saturday January 31 2015)

Team News: Chelsea v City (Friday January 30 2015)

Pellegrini Ahead Of Chelsea (Friday January 30 2015)

Mangala On Chelsea & Costa (Friday January 30 2015)

Sinclair Departure Confirmed (Friday January 30 2015)

Mangala - I'm Still Adapting (Thursday January 29 2015)

Sinclair To Villa Back On (Thursday January 29 2015)

Clash Of The Titans (Thursday January 29 2015)

Down To Fate? (Tuesday January 27 2015)

Inter Play Down Yaya Rumours (Sunday January 25 2015)

Archived Manchester City Articles

List All VMC Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. Buzz Lightyear 475
2. Johnny Baguette 428
3. Skoorb 375
4. fifthcolumnblue 303
5. Bluedub 285
6. kennyclementstache 235
7. citizhun 218
8. rojo2010 191
9. CITYBOY1000 129
10. Chippy_Tea 116

League Results (view all)

Latest Results
Chelsea 1 - 1 Man City
Man City 0 - 2 Arsenal
Everton 1 - 1 Man City
Man City 3 - 2 Sunderland
Man City 2 - 2 Burnley
WBA 1 - 3 Man City

League Table (view table)

Team P W D L GD Pts
1. Chelsea 23 16 5 2 +32 53
2. Man City 23 14 6 3 +23 48
3. Man Utd 23 12 7 4 +17 43
4. Southampton 22 13 3 6 +21 42
5. Spurs 23 12 4 7 +5 40
6. Arsenal 22 11 6 5 +14 39
7. Liverpool 23 11 5 7 +6 38

Breaking League News

Redknapp Bemoans More Bad Luck
Q.P.R. : 31/01/2015 20:21:00
QPR Sunk By Walters Treble
Q.P.R. : 31/01/2015 20:02:00
West Ham : 31/01/2015 19:47:00
Chelsea : 31/01/2015 19:39:00
Man City : 31/01/2015 19:23:00

Current Site Poll (view all polls)

Chelsea v City
Suggested By:  
City win 24%
Chelsea win 41%
Draw 35%