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Pattaya Daily News

25 June 2007 :: 18:06:05 pm 30794

Glory, Glory, Man United, As The Reds Go Marching On, On, On.

Doyle insists City fans will not be concerned with the charges of corruption being levelled at Shinawatra back in Thailand. Also Keith Harris, exucutive chairman of Seymour Pierce Investment Bank said "It has been legitimately and transparently transferred to the UK,"
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Doyle said: “If you believe only half of what’s been written about him, Shinawatra isn’t normally the kind of man you’d want to buy your football team, but I don’t think there is a City fan who will care as long as he puts a winning team on the pitch.”

London – Former Thai Prime Minister Thaksin Shinawatra’s takeover bid for the Manchester City Football Club was completely above board, said the deal’s broker on Sunday.

Beijing-based Xinhua online reported Thaksin has agreed to an 81.6-million-pound deal to buy the soccer club while Thai authorities are set to investigate the source of the funds behind his offer.

The online quoted Keith Harris, executive chairman of Seymour Pierce Investment Bank, as telling BBC Five Live’s Sportsweek program on Sunday that the money to buy Man City is “clean.”

“It has been legitimately and transparently transferred to the UK,” he said.

“He was the Prime Minister there and was exceptionally popular. He was also a successful businessman,” he said.

“A number of bank accounts in Thailand, some personal and some corporate, have been frozen. But the money that has been used to finance the takeover and which will then be used to invest in the club is in English bank accounts and beyond their reach,” he added.

“I am sure Thailand’s Asset Examination Commission will look at the source of these funds and try to see whether they are legal funds that were taken out or by other means,” he said.

“If the deal for City goes ahead and the money is paid they will try to look at it. We don’t know yet how he is going to finance it. We won’t know until the deal is finalized.”

Reporter : PDN staff   Photo : Internet   Category : World News

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