Thaksin Insists City Takeover Is Still On
June 12, 2007
By Andrew Drummond in Bangkok
Manchester City fear that the proposed takeover by Thaksin Shinawatra, the former Prime Minister of Thailand, is in jeopardy after his assets were frozen by an anticorruption committee in Bangkok. Thaksin insists that he could proceed with his bid, but the club have demanded written assurances.
The 57-year-old’s solicitor, Noppadol Pattama, told The Times last night: ‘Of course this is going to affect the Manchester City bid, but it is not off. Some things may have to be restructured.’ Thaksin’s lawyers hope to prove that his funds were obtained legally, but City’s patience is running out.