UK time is: 11:32:43
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

Hart Set For England Milestone (Wednesday March 25 2015)

Shortlist Drawn Up! (Wednesday March 25 2015)

City Stars On International Duty (Tuesday March 24 2015)

Pellegrini Gets Lampard Backing (Tuesday March 24 2015)

Kompany - Focus Has To Be Wins (Sunday March 22 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. Buzz Lightyear 516
2. Skoorb 443
3. Johnny Baguette 407
4. Bluedub 233
5. kennyclementstache 209
6. BamaEngineer 183
7. citizhun 129
8. CITYBOY1000 129
9. fifthcolumnblue 105
10. johnkelv 91

League Results (view all)

Latest Results
Man City 3 - 0 WBA
Burnley 1 - 0 Man City
Man City 2 - 0 Leicester City
Liverpool 2 - 1 Man City
Man City 5 - 0 Newcastle
Stoke 1 - 4 Man City

League Table (view table)

Team P W D L GD Pts
1. Chelsea 29 20 7 2 +36 67
2. Man City 30 18 7 5 +34 61
3. Arsenal 30 18 6 6 +27 60
4. Man Utd 30 17 8 5 +25 59
5. Liverpool 30 16 6 8 +12 54
6. Southampton 30 16 5 9 +21 53
7. Spurs 30 16 5 9 +5 53

Breaking League News

West Ham Still in European Contention!
West Ham : 29/03/2015 10:33:00
Ibrahimovic for United?
Man Utd : 29/03/2015 10:27:01
Nani`s Coming Back
Man Utd : 29/03/2015 10:20:00
Van Gaal Chasing a 1million Bonus!
Man Utd : 29/03/2015 10:14:00
Is Juventus the Destination?
Man Utd : 29/03/2015 10:09:01

Current Site Poll (view all polls)

WBA MotM
Suggested By:  Site Staff
Hart 2%
Zabaleta 0%
Kompany 0%
Mangala 6%
Clichy 0%
Jesus Navas 6%
Fernando 6%
Lampard 0%
Silva 50%
Bony 6%
Aguero 18%
Sub - Jovetic 0%
Sub - Dzeko 0%
Sub - Milner 6%