Manchester City play down Thai takeover bid claims
Manchester City officials are insisting that they remain in talks with 'a number' of different parties over a potential buyout, according to a British television station.
Thaksin Shinawatra's lawyer, however, has claimed that the former Thai Prime Minister has made a formal bid to take over the City of Manchester club.Noppadon Pattama said: "What I can say now is we have tendered a bid for the team. We had to be silent because we had to follow the stock regulations as we are trying to buy a listed company. Thaksin is reportedly ready to pay around 100 million pounds for the club, but his lawyer would not confirm any figures, adding: "The deal is not formally or legally concluded yet." Although talks between Thaksin and City are at an advanced stage he was shown around the club's Carrington training complex on Monday there has been no bid as yet, London-based ITV reported Saturday. Any offer would have to be lodged with the London Stock Exchange, although with due diligence almost complete Thaksin is expected to make a move in the next few days. It is believed telecoms tycoon Thaksin wants former Chelsea boss Claudio Ranieri to succeed Stuart Pearce, who was sacked as manager earlier this week.
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