UK time is: 14:01:57
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 Manchester City Articles

Players Respond To Newcastle Loss (Thursday October 30 2014)

Harsh Rodney Marsh (Thursday October 30 2014)

Pellegrini - Same Failures Cost Us (Thursday October 30 2014)

Silver Lining (Thursday October 30 2014)

Boss Hopeful On Duo (Thursday October 30 2014)

Yaya Recognised (Thursday October 30 2014)

Stats: Man City v Newcastle (Wednesday October 29 2014)

The Great Dane - City Are Bigger (Wednesday October 29 2014)

Team News: City v Newcastle United (Wednesday October 29 2014)

Archived Manchester City 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)

League Results (view all)

Latest Results
West Ham 2 - 1 Man City
Man City 4 - 1 Spurs
Aston Villa 0 - 2 Man City
Hull City 2 - 4 Man City
Man City 1 - 1 Chelsea
Arsenal 2 - 2 Man City

League Table (view table)

Team P W D L GD Pts
1. Chelsea 9 7 2 0 +15 23
2. Southampton 9 6 1 2 +15 19
3. Man City 9 5 2 2 +9 17
4. West Ham 9 5 1 3 +5 16
5. Arsenal 9 3 5 1 +4 14
6. Swansea 9 4 2 3 +3 14
7. Liverpool 9 4 2 3 +1 14

Breaking League News

Line Ups & Updates: Everton vs Swansea City
Swansea : 01/11/2014 13:36:00
Aston Villa vs Tottenham Hotspur.
Spurs : 01/11/2014 12:53:00
Liverpool: Newcastle vs. LFC Team News
Liverpool : 01/11/2014 11:49:00
Match Day Moments - QPR (h)
Chelsea : 01/11/2014 09:24:00
Lawro v Mystic Mug - Villa v Spurs
Aston Villa : 01/11/2014 08:44:00

Current Site Poll (view all polls)

The Stretfords Are Getting Cocky. Who Will Win On Sunday?
Suggested By:  Ivor Galactico
The rags 40%
The Champions 60%