Man City Fans shocked as Thaksin plan to sell clubAugust 7th, 2008 - 1:14 pm ICT by Bupha Ravirot
Owner of Manchester City FC, Former prime minister Thaksin Shinawatra was said to be selling his club, and headed to Middle East and India as new targets, reported by UK media on Wednesday.
The news created a huge fear among the fans who had thought last year when Thaksin bought the club of for 80 million pounds (5.2 billion baht), would bring stability into the club but now is shaken again when they heard Thaksin heading to new target.
“It is not true to say Thaksin Shinawatra is selling Manchester City,” a Manchester City spokesman denied the report on Wednesday.
“He spoke with Garry Cook this morning and those were the sentiments he echoed in very strong terms.”
He rejected 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.
There is also a report from news online of Manchester City that the three new target is based in the Middle East and India. However, analysts claim that big money investors probably need full control and could launch a full-blown buy-out bid - and that would leave Thaksin, 59 with a major dilemma because he is facing corruption charges in Thailand and still has of his fortune frozen.