Shinawatra Makes Bid - Reports From The Far East
About half an hour ago, Reuters in Bangkok reported that Thaksin Shinawatra had made a formal bid for Manchester City Plc. Thaksin's lawyer commented "What I can say now is we have tendered a bid for the team.". Reuters also reported that the takeover plan involved putting four Thai businessmen on the board of our Club and using our Club's reserve team for Thai national players.
Questions over who the four Thai businessmen are, how plans for using Thai players may affect our pipeline of young talent and what Thaksin Shinawatra's plans are for our Club cannot be answered until full details of the bid are known.
Shinawatra is facing corruption charges in Thailand and reports today suggest that his assets are in danger of being frozen. How this may affect a bid for our Club or his future plans remains to be seen.
Shinwatra has in the past attempted to purchase or invest in Liverpool and Fulham. After Liverpool turned his offer down he was reported to have entered into discussions with Everton.
It is vitally important that the shareholders and supporters of Manchester City hear from Shinawatra why he wants to buy our Club, what his plans are and how the current action being taken against him may have an impact on his plans for our Club both now and in the future.