PDA

View Full Version : Thaksin resurfaces in Manchester, UK



Marsilius
May 15th, 2007, 14:01
From today's edition of The Times:

Stuart Pearce was dismissed as Manchester City manager yesterday as the club cleared the decks in advance of a ┬г92 million takeover by Thaksin Shinawatra, the former Prime Minister of Thailand. Thaksin, who flew into Manchester for talks yesterday, is preparing to make a formal offer for the [soccer] club within days and has asked the board for help in finding a top-class coach to lead them into a new era... Thaksin and his financial advisers, seymour Pierce, are two weeks into a period of due diligence, inspecting the club's accounts before making his offer formal.

Lunchtime O'Booze
May 15th, 2007, 14:04
now we know what was in those 60 suitcases. :joker:

May 16th, 2007, 09:33
The deal is reported to be worth ┬г160 million - not 92

So im assuming hes got at least treble that (probably more) stashed in the UK. Running a football club isnt profitable these days.

May 16th, 2007, 13:11
Oogleman,

No, you're right.

it isn't profitable but he's clever enough to be sharing the risk and diluting his investment with a number of others and it gives him a fabulous platform to voice a number of opinions and be in the spotlight for reasons maybe not associated with football.

He is also in a high profile Country, where the press will seize and print what he does. The BBC goes Global!!


New shirt sponsors "T.R.T. ?? ' You never know, He's a shrewd operator.