Manchester City - City in Takeover Talks
UK time is: 18:21:59
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.

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.
Report Abuse
07/12/2006 21:50:00

As long as there's some investment in the team
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: Manchester City v Southampton (Saturday November 28 2015)

Man City v Southampton - Teamsheets! (Saturday November 28 2015)

Caballero Ready To Step Up (Friday November 27 2015)

Silva Looks For Winning Return (Friday November 27 2015)

Pellegrini & Toure On Juventus Loss (Thursday November 26 2015)

Archived Manchester City Articles

List All VMC Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Premier League Network Sites

Vital Members League (view all)

1. Johnny Baguette 290
2. Skoorb 184
3. Buzz Lightyear 176
4. fifthcolumnblue 136
5. Bluedub 115
6. Colin Is The King 84
7. kennyclementstache 60
8. johnkelv 51
9. VMC Admin 47
10. Brutto 27

League Results (view all)

League Table (view table)

Team P W D L GD Pts
1. Man City 14 9 2 3 +16 29
2. Leicester City 13 8 4 1 +8 28
3. Man Utd 13 8 3 2 +10 27
4. Arsenal 13 8 2 3 +12 26
5. Spurs 13 6 6 1 +13 24
6. Crystal Palace 14 7 1 6 +5 22
7. Everton 14 5 6 3 +8 21

Manchester City Fixtures (view all)

Breaking League News

Vardy Makes Premier League History
Leicester City : 28/11/2015 17:59:00
Neil Keen To Pit His Wits Against Wenger
Norwich : 28/11/2015 17:24:00
Aston Villa : 28/11/2015 16:57:01
Watford : 28/11/2015 16:55:01
Man City : 28/11/2015 16:55:01

Current Site Poll (view all polls)

Southampton MotM
Suggested By:  Site Staff
Caballero 0%
Sagna 0%
Demichelis 0%
Otamendi 0%
Kolarov 0%
Toure 0%
Fernandinho 0%
Delph 100%
De Bruyne 0%
Aguero 0%
Sterling 0%
Sub - Bony 0%
Sub - Fernando 0%
Sub - Silva 0%