UK time is: 04:18:24
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 (oldest first)

Change to most recent first
Very, very interesting development, Andy. I think that the
Johnny Baguette
Report Abuse
24/04/2007 11:55:00

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
Report Abuse
24/04/2007 11:59:00

 

Have Your Say

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

Recent Manchester City Articles

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 42
2. BamaEngineer 36
3. Bluedub 36
4. Skoorb 29
5. kennyclementstache 23
6. rojo2010 23
7. CITYBOY1000 15
8. citizhun 13
9. johnkelv 13
10. rossi2001 11

League Results (view all)

Latest Results
Liverpool 2 - 1 Man City
Man City 5 - 0 Newcastle
Stoke 1 - 4 Man City
Man City 1 - 1 Hull City
Chelsea 1 - 1 Man City
Man City 0 - 2 Arsenal

League Table (view table)

Team P W D L GD Pts
1. Chelsea 26 18 6 2 +34 60
2. Man City 27 16 7 4 +30 55
3. Arsenal 27 15 6 6 +22 51
4. Man Utd 27 14 8 5 +20 50
5. Southampton 28 15 4 9 +19 49
6. Liverpool 27 14 6 7 +10 48
7. Spurs 26 13 5 8 +5 44

Breaking League News

Bogarde Wants England Return
Chelsea : 04/03/2015 04:00:01
Cech Will Not Be Sold Cheap
Chelsea : 04/03/2015 02:00:01
Sunderland : 03/03/2015 23:03:00
Southampton : 03/03/2015 21:52:00
Hull City : 03/03/2015 21:50:01

Current Site Poll (view all polls)

Liverpool MotM
Suggested By:  Site Staff
Hart 11%
Zabaleta 0%
Kompany 8%
Mangala 0%
Kolarov 0%
Nasri 16%
Y Toure 0%
Fernandinho 0%
Silva 0%
Aguero 33%
Dzeko 16%
Sub - Milner 0%
Sub - Bony 8%
Sub - Lampard 8%