City board to back Pearce

15 December 2006 09:53
Manchester City chairman John Wardle has reassured Stuart Pearce that transfer funds will be available in January despite the club still being locked in negotiations with a potential new owner. City have been on the lookout for new investment in recent months and, at the club's recent annual general meeting, Wardle revealed he was in negotaions with a mystery party over a possible £70million takeover. But ,even if a boardroom shake up doesn't occur before the January transfer window, there will be cash available for Pearce to spend. "We're a stable club now. We do need investment," Wardle told the Manchester Evening News. "If it doesn't come straight away, okay, we'll continue on. We'll find something for Stuart in January. "The aim then is to stay within the Premier League, hopefully start pushing for a European place, and we'll still look for further investment. "It's got to be the right investment, it's got to be the right people. When it all goes together, then we're away and running."

Source: ESA