Tuesday, April 24, 2007

Supporters Trust Statement On Ray Ranson Takeover Bid

The Manchester City Supporters' Trust notes with interest the breaking news today regarding the potential bid for Manchester City from Ray Ranson's consortium, and Mr Ranson's subsequent confirmation of the offer.

The Trust continues to speak to fellow supporters, shareholders, potential providers of finance/ donations, interested parties, various industry professionals and most importantly continue to have the full support and regular input of Supporters Direct, the organisation that assists and supports the establishment and operation of Supporters' Trusts.

We are aware, in very broad terms, of the nature of Ray Ranson's proposals, including his vision for the future of Manchester City Football Club. Whilst the proposals are interesting and appear progressive, we must make it clear that we have not seen any detailed proposals and therefore cannot make any substantive comment on his offer.

The Manchester City Supporters' Trust has made it clear that it believes the supporters are the real custodians of our Club's best long-term interests and that the best way forward for Manchester City is for the owners and supporters to work in partnership.

Therefore we would welcome any investment that we believed was in the long-term interest of the club and its supporters but feel that a substantial shareholding under the umbrella of the Supporters' Trust, held both directly and indirectly, and working with the club management is the best solution.

Manchester City Supporters' Trust

7 Comments:

At 7:23 pm, Anonymous Anonymous said...

Basically you know no more than what everyone else has read in the papers. Im not impressed with the supporters trust and dont think they will ever have any sway/power about what goes on at our club

 
At 7:36 pm, Blogger Bluesology said...

Anonymous ... nice to see some positive comment ;-)

 
At 7:42 pm, Anonymous Mike, Bramhall said...

So anonymous, you think that if the trust has any information the papers don't they should spill the beans? Ever heard of trust or confidentiality? Nah? didn't think so. I am sure the trust guys will come out a bit more when they can. They've been up front and honest for the last seven or eight months, so I expect them to continue the good work.

 
At 8:25 pm, Anonymous Anonymous said...

I think it's time for the club to get serious with the fans. They obviously intend to sell the club, probably over the summer. Unfortunately, it doesn't belong to them. It belongs to the fans. They can sell all the shares they have to whoever they want, but that's only the finances, not the heart of the club. Whilst I appreciate any investor will want some degree of confidentiality, we now need to know who wants to invest in the club and why. Frankly, if someone just sees it as an opportunity to make money from the far east, America and TV and to raise ticket prices as much as possible to repay their debt, then I'm not interested.

 
At 9:18 pm, Blogger brian prendergast said...

in reply to anonymous at 7.23pm...everyone is entitled to their opinion..but everyone who posts their comments on here are all city fans and we all have the same aim ..that is success for city on the pitch...you say that you think the trust will not have any sway or power in what goes on at our club...you may be right ..but we are trying to make this trust a success and in turn hopfully leading to success on the pitch..so it is better to have tried and failed rather than not try at all ...i do respect your opinion but hope you may change it in future and join us...thanks

 
At 10:10 pm, Blogger St Petersburg Blue said...

I await the detail of Mr Ranson's and any other offer that may or may not materialise. I am also interested to see how our Chairman plays his cards and thus reveals his true colours.

I'd make my approaches now to meet with our former erstwhile full-back, while he is looking for support. Better early than late. Just my thoughts on this.

 
At 1:31 pm, Anonymous Anonymous said...

Hopefully the board will have the clubs interest at heart and not there own. They seem to favour the American bid as it will keep the management strucure the same.

 

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