Vital Football

Latest Manchester City News

City in Takeover Talks

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.


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

Writer:Andy Leggott
Date:Thursday December 7 2006
Time: 4:27PM

Comments

0
The sooner the investment comes in the better.
alphieblues
07/12/2006 21:50:00
0
As long as there's some investment in the team
ronin
07/12/2006 22:16:00
Page 1/1
  1. 1

Login to post a comment

Recent Manchester City Articles

Stats: Arsenal v Manchester City

All the stats from Arsenal (1) vs (1) Manchester City, Wembley Stadium - Extra Time Being Played, 23/4/17 15h00 BST Att: 85,725

FA Cup S/F: Arsenal v Man City - Follow Live On Twitter

The winner of today's FA Cup Semi-Final (Manchester City of course) will play Chelsea in May's Final. But if you can't watch the game on BT Sport then one option is to follow..

Limited Progress Made On Disabled Access

It's been reported that 13 Premier League clubs are still failing to provide the required number of wheelchair spaces for disabled supporters.

Arsenal v Manchester City Preview

'Wemberleeee, Wemberleeee...we're the club with no history and we're off to Wemberleeee'...

Archived VMC Articles

VMC articles from

Site Journalists

Tudor (VMC Editor)
Editor email
Profile
Johnny Baguette
no email
Profile
Pedmachine
no email
Profile
Skoorb
no email
Profile

Current Poll (see more polls)

City's performance, out of five against Arsenal?
Suggested By: Tudor
Five1%
Four33%
Three33%
Two33%
One0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Chelsea 32 24 3 5 75 38
2 Spurs 32 21 8 3 71 46
3 Liverpool 33 19 9 5 66 29
4 Man City 32 19 7 6 64 28
5 Man Utd 31 16 12 3 60 24
6 Everton 34 16 10 8 58 23
7 Arsenal 31 17 6 8 57 23
8 WBA 33 12 8 13 44 -3
9 Southampton 31 11 7 13 40 -3
10 Watford 33 11 7 15 40 -17
11 Stoke 34 10 9 15 39 -13
12 AFC Bournemouth 34 10 8 16 38 -14
13 West Ham 34 10 8 16 38 -15
14 Leicester City 32 10 7 15 37 -12
15 Burnley 33 10 6 17 36 -14
16 Crystal Palace 32 10 5 17 35 -8
17 Hull City 34 9 6 19 33 -31
18 Swansea 34 9 4 21 31 -29
19 Middlesbrough 33 4 12 17 24 -20
20 Sunderland 32 5 6 21 21 -32
The Vital Football Members League
Latest F1 News
Latest Vital Boxing News
Vital Football Comment

Recent Manchester City Results (view all)

Manchester City Fixtures (view all)

Apr 23 2017 3:00PM : Arsenal (a)
FA Cup
Apr 27 2017 8:00PM : Manchester United (H)
Barclays Premier League
Apr 30 2017 2:05PM : Middlesbrough (a)
Barclays Premier League
May 6 2017 12:30PM : Crystal Palace (H)
Barclays Premier League
May 13 2017 3:00PM : Leicester City (H)
Barclays Premier League
May 21 2017 3:00PM : Watford (a)
Barclays Premier League

Vital Members League Table

RankNamePoints
1.Johnny Baguette595
2.Buzz Lightyear451
3.Skoorb347
4.kennyclementstache138
5.Rising109
6.Colin Is The King87
7.citizhun74
8.johnkelv55
9.Tudor53
10.OziMan39
Write for Vital Football