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

Best of Vital Network

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

From The Vault: Man City v Tranmere 1996-97

Some say it's a funny old world and football certainly meets that criteria, especially clubs with a history of 'ups and downs'.

The Pep Era Begins Tomorrow

Tomorrow, Friday 1 July 2016 dawns the beginning of a new month...after what seems to be a life living in limbo, the Pep Guardiola era finally begins at Manchester City.

(Video) Selfie Of Nolito In Manchester

Within the next couple of hours Manchester City FC are expected to announce the signing of Celta Vigo forward, Nolito.

(Audio) Sturridge Defends & Admires Sterling

England teammate Daniel Sturridge says Manchester City's Raheem Sterling is one of the most talented players in the world.

Archived VMC Articles

VMC articles from

Site Journalists

Tudor
Editor email
Profile
Johnny Baguette
no email
Profile
Pedmachine
no email
Profile
Skoorb
no email
Profile

Current Poll (see more polls)

Out of the first team regulars, who will be sold first?
Suggested By: Tudor
Joe Hart6%
Aleksandar Kolarov6%
Pablo Zabaleta7%
Bacary Sagna0%
Fabian Delph3%
Jesus Navas0%
Raheem Sterling6%
Yaya Toure11%
Wilfried Bony55%
Samir Nasri1%
Eliaquim Mangala5%
Gael Clichy0%
Pep will not sell anyone0%
Someone else0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
C Leicester City 38 23 12 3 81 32
2 Arsenal 38 20 11 7 71 29
3 Spurs 38 19 13 6 70 34
4 Man City 38 19 9 10 66 30
5 Man Utd 38 19 9 10 66 14
6 Southampton 38 18 9 11 63 18
7 West Ham 38 16 14 8 62 14
8 Liverpool 38 16 12 10 60 13
9 Stoke 38 14 9 15 51 -14
10 Chelsea 38 12 14 12 50 6
11 Everton 38 11 14 13 47 4
12 Swansea 38 12 11 15 47 -10
13 Watford 38 12 9 17 45 -10
14 WBA 38 10 13 15 43 -14
15 Crystal Palace 38 11 9 18 42 -12
16 AFC Bournemouth 38 11 9 18 42 -22
17 Sunderland 38 9 12 17 39 -14
R Newcastle 38 9 10 19 37 -21
R Norwich 38 9 7 22 34 -28
R Aston Villa 38 3 8 27 17 -49
Latest F1 News
Latest Vital Boxing News

Recent Manchester City Results (view all)

Manchester City Fixtures (view all)

Vital Members League Table

RankNamePoints
1.Bluedub6
2.Tudor4
3.Skoorb2
4.Johnny Baguette2
5.johnkelv2
6.Rising1