Wednesday, May 02, 2007

Former Thai PM confirms Manchester City interest

Former Thailand Prime Minister Thaksin Shinawatra has confirmed he has made a takeover proposal to English Premier League club Manchester City. Thaksin, who has not returned to Thailand since a bloodless military putsch on 19 September overthrew his democratically-elected government, made an indicative proposal to Manchester City. "Thaksin confirms that he and his advisers have made an indicative proposal that may or may not lead to an offer being made for the company," he said in a statement reported by Reuters.

Manchester City has been seeking investors, with chairman John Wardle and accountants acting for the exiled billionaire telecoms baron will complete due diligence before advising their client whether to make a formal bid.

"It's fairly positive ... If Shinawatra (Thaksin) can come up with the finance and that will move the club forwards then the club are right to listen to that," Kevin Parker, General Secretary of the City's official supporters club, told Reuters. Thaksin failed in his efforts to buy Liverpool FC for 65 million pounds three years ago,

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