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City demand answers
12 Jun 2007 - 08:03:37
There is fresh confusion surrounding Thaksin Shinawatra's proposed takeover of Manchester City after reports suggested the former Thailand prime minister had had his bank accounts frozen.
Shinawatra left Thailand last year after being ousted from office in a military coup and is currently being investigated for corruption by the Thai authorities.
A City statement said: "The board and its advisers are in discussion with Dr Shinawatra's advisers to confirm the implications of these developments."
Shinawatra was reported to have made a £100million bid for City last month and was then granted access to the club's accounts.
Former Chelsea boss Claudio Ranieri was Thaksin's first choice to succeed Stuart Pearce, who left the club last month, but the Italian has since been named as Juventus' new coach.
City have also been linked with a buy-out from American investors, while former player Ray Ranson has withdrawn his bid to buy the club.