UK time is: 12:59:03
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

City up for Sale?

City have responded to speculation linking them with a Thai takeover by releasing a statement to the stock exchange confirming talks are taking place.

The full statement reads as follows :

24 April 2007


Manchester City PLC ('Manchester City' or the 'Company')


The Board of Manchester City notes certain recent press articles attributing comments to Manager, Stuart Pearce regarding the possibility of an offer being made for the Company. Further to the Company`s announcements on 7 December 2006 and 21 February 2007, the Board of Manchester City confirms that it remains in preliminary discussions with third parties that may or may not lead to an offer being made for the Company.


There is no additional information to be disclosed by the Board at this stage but a further announcement will be made in due course, as appropriate.


It is being widely reported in today`s press that the new frontrunner in takeover talks is ex City player, Ray Ranson. Ranson is believed to be the front man of a consortium prepared to offer 92 million for control of the club.


Ex Thai Prime Minister, Thaksin Shinawatra, is reported to be preparing an offer for the blues after the much publicised collapse of his attempts to buy Liverpool.


It is also believed that there remains a strong American interest in City.


What is interesting is the mention of Stuart Pearce`s name in the statement. The board are clearly upset at his comments last week that fuelled takeover speculation. Apparently there was significant movement in share prices following Pearce`s interview and the board have been forced to release a statement in line with stock market regulations.


Whatever happens from here it is quite clear that Premiership safety has hastened talks with the relevant parties. If it is to be Wardle`s last act let us hope he gets the deal that is best for Manchester City. Much as I would love to see investment and ambition running through this club I do not want to see us as being another step on the route to American franchising of the Premiership.




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:Tuesday April 24 2007

Time: 11:20AM

Your Comments

Very, very interesting development, Andy. I think that the
Johnny Baguette
er, excuse me! ....I think that the MCFC board might be more proactive than we have thought. Interesting that they appear to distance themselves from Pearce in this statement when you certainly wouldn't think mentioning him was neccessary. Is he offski? Could the Thai conection be a smokescreen to push other parties involved into a poo or get off the pot decision? Anything can happen in the next 48 hours and probably will.....
Johnny Baguette
 

Have Your Say

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

Recent Articles

The Ped Report City 2-2 Sunderland (Thursday April 17 2014)

Stats: Manchester City v Sunderland (Wednesday April 16 2014)

The Citizens versus The Black Cats (Wednesday April 16 2014)

The Ped Report Liverpool 3-2 City (Sunday April 13 2014)

The Reds versus The Citizens (Saturday April 12 2014)

Archived 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. Johnny Baguette 288
2. Skoorb 125
3. PhillyBlueMoon 115
4. Buzz Lightyear 107
5. rojo2010 101
6. Bluedub 86
7. citizhun 85
8. Spooks 84
9. fifthcolumnblue 82
10. kennyclementstache 68

League Results (view all)

League Table (view table)

Team P W D L GD Pts
1. Liverpool 34 24 5 5 +51 77
2. Chelsea 34 23 6 5 +42 75
3. Man City 33 22 5 6 +54 71
4. Arsenal 34 20 7 7 +18 67
5. Everton 34 19 9 6 +21 66
6. Spurs 34 18 6 10 +0 60
7. Man Utd 33 17 6 10 +18 57

Breaking League News

Ups and Downs for Sam!
Chelsea : 19/04/2014 12:52:00
No Longer Fake!
Chelsea : 19/04/2014 12:32:00
Cole Out in the Cold?
Chelsea : 19/04/2014 12:16:00
Hazard Remains a Doubt for Atletico Trip
Chelsea : 19/04/2014 12:10:00
Spurs v Fulham - Team Sheets
Fulham : 19/04/2014 12:00:00
A Minutes Applause for Dylan
West Ham : 19/04/2014 11:50:00
Hammers - It Refuses to Go Away
West Ham : 19/04/2014 11:46:00

Current Site Poll (view all polls)

Yaya Injured - Who Should Partner Fernandinho In Midfield?
Suggested By:  Gerry Gow
Javi Garcia 19%
Jimmy Milner 81%