Citizens cool takeover talk
24 Apr 2007 - 10:18:16
Manchester City have cooled talk of a £90million takeover of the club by a consortium led by former Citizens defender Ray Ranson.
Ranson had been denied in his efforts to buy into Aston Villa before Randy Lerner bought out the Villa Park club and has reportedly now set his sights on City.
However, a statement from City read: "The board of Manchester City notes certain recent press articles attributing comments to manager, Stuart Pearce, regarding the possibility of an offer being made for the company.
"Further to the company's announcements on 7 December 2006 and 21 February 2007, the board of Manchester City confirms that it remains in preliminary discussions with third parties that may or may not lead to an offer being made for the company.
"There is no additional information to be disclosed by the board at this stage, but a further announcement will be made in due course, as appropriate."
Former Thailand prime minister, Thaksin Shinawatra, has also been linked with a potential bid for City in the last few days.
