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Pattaya Daily News

07 August 2008 :: 14:08:10 pm 7071

Man City‘S Future In Jeopardy As Thaksin Apparently Considers Selling The Club

Will Thaksin sell Man City FC or not? This is the question currently plaguing the club as the double whammy of Thaksin potentially being banned from ownership of the Premier League club, due to FA rules concerning unfit individuals managing clubs, and his inability to fund the club‘s elevation to the UK‘s Premier League‘s top four because of his funds being frozen in Thailand.
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A Manchester City FC spokesman denied the report the ex-PM is considering selling, saying “It is not true to say that Dr Thaksin Shinawatra is trying to sell Manchester City, nor that he is looking for a buyer. Since he bought the club a number of potential investors from his wide network of business associates have spoken to Dr Thaksin about investing in the club. These discussions have been nothing more than exploratory.” According to the Bangkok Post, an aide to Mr Thaksin in Thailand likewise refused to comment on the report.

At least three groups, based in the Middle East and India, according to the UK Manchester Evening News, have apparently been approached to invest in the club, to fund its place in the Premier League top four.

However, the deal may not be tremendously favourable to Thaksin as big investors may demand full control and want to buy the club outright. “But as he struggles to get 800 million pounds of assets unfrozen in his native Thailand while currently facing trial on corruption charges in Bangkok, it appears he is considering cutting his losses at the City of Manchester Stadium,” the UK Daily Mail reported. No one is certain whether Thaksin is making an active bid to sell the club or merely making tentative appraisals.

Thaksin has also alienated some of the fans over his heavy-handed approach to managing the club’s star players, particularly popular Sven-Goran Eriksson, who was recently sacked by Thaksin. Apparently, Thaksin was reported to be none too pleased about failing to persuade Ronaldinho to join the club. The player, apparently chose AC Milan even though Man City were rumoured to have offered him more money.

The club’s management board has also been going through upheavals recently as chief executive Alistair Mackintosh and deputy chairman John Wardle left during the summer and marketing expert Garry Cook became executive chairman.

Reporter : PDN staff   Photo : PDN staff   Category : Sports News

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