Tuesday, April 24, 2007

Ranson confirms approach

Amidst the stories linking him to a bid to take control over the club, Ray Ranson has confirmed he has made an 'indicative proposal' to the board, releasing the following statement:

“Ray Ranson can confirm that he is interested in buying
the club and has, over the past couple of months, made indicative proposals to
the club concerning a possible offer,” the statement read.“Ray is yet to receive
a positive response from the board to these indicative proposals and is
currently considering making a further proposal to the board of the club.“Ray
recognises that the club is heavily indebted and his business plan is not
dependent on leveraging the club further.Operational plan “Together, Ray and his
partners have developed an operational plan for the club that is aimed at taking
the club forward to the next level of its development, both on and off the

In response, the club have remained non-commital - also releasing a statement to the Stock Exchange (which may have earned Stuart Pearce a ticking off):

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.

In addition to the latest news, there was an interesting piece on Ranson in the Telegraph recently, which was more general rather than City related, but gave a good indication of how he sees the set up of a football club and where he sees the future of football (and its finance) heading.

vote it up!


Wigan Blue said...

I liked Ray as a player, I liked Francis Lee as a player. Frannie didn't have enough money (sorry old son). Are you sure you've got enough money Ray? Because I've got three days to renew my seasoncard. I'm leaving it till the last minute to express my disgust at the standard of football from City this season, but I'm City till I Die. It's in the blood. So don't piss us about. If you're thinking of sorting us - sodding do it!

Wigan Blue said...

I see Alan Ball's popped his clogs. Another chapter closed. I'll always rate him as a fully contributing member of the 1966 World Cup team. As our manager, he was inept - along with so many others. I've heard him called our worst ever manager, but he wasn't - the Queen of Reading will always hold that position.