Skip to main contentAccess keys helpA-Z index

[an error occurred while processing this directive]
watch listen BBC Sport BBC Sport
Low graphics|Help
---------------
---------------
CHOOSE A SPORT
 
RELATED BBC SITES
Last Updated: Thursday, 26 April 2007, 06:50 GMT 07:50 UK
Ranson reveals new Man City offer
Manchester City
Ray Ranson has made a revised proposal to the Manchester City board with a view to mounting a takeover bid.

The club released a statement on Wednesday in which they expressed doubts about his initial proposals.

But in a statement to the Stock Exchange on Thursday, Ranson revealed a new proposal "with a view to making a possible offer for the club."

The statement added: "Ray would very much like to enter discussions with the board to discuss his proposal."

Man City has huge potential on and off the pitch

Ray Ranson

Ranson made contact with City through the club's bankers on Wednesday night and is now awaiting their official response.

City's reply to Ranson's initial plan stated: "Ray Ranson's indicative proposals contain a number of material conditions that the board do not believe can be fulfilled."

However, Ranson believes that his revised approach address the club's concerns.

"Ray believes that this revised proposal (which Ray has been ready to submit for a number of days subject to the completion of an initial review of certain due diligence information) addresses the club's stated concerns about conditionality," said the Ranson statement.

606: DEBATE
IM

Ranson is believed to be competing with former Thailand Prime Minister Thaksin Shinawatra, plus an American consortium, in the battle to take over at City.

And he outlined his ambitions for the club when he told the Manchester Evening News: "City has huge potential on and off the pitch.

"This bid is not a spur-of-the moment thing but has been a long-term ambition of mine since my playing days.

"I first contacted City in 2004, long before I was associated with a move for Aston Villa. Now I have the financial backing to be successful.

"City have huge potential, on and off the pitch. I believe I am in a unique position to drive that forward having played the game at the top level and then never left it.

"My business is football. The timing of any takeover has to be right. We are keen to conclude a deal as soon as possible."



SEE ALSO
Man City express doubts over bid
25 Apr 07 |  Man City
Ranson bids to take over Man City
24 Apr 07 |  Man City
Barton criticises Man City season
22 Apr 07 |  Man City
Pearce worried by takeover talks
10 Apr 07 |  Man City
Football takeover trends
06 Feb 07 |  Premiership
Fatal attraction?
06 Feb 07 |  Premiership
Man City 'in takeover discussion'
07 Dec 06 |  Man City
Villa reject Ranson takeover bid
01 Sep 05 |  Aston Villa
Man City deny 100m takeover talk
08 May 05 |  Man City


RELATED BBC LINKS:

RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


BBC PRODUCTS AND SERVICES
Daily and weekly e-mails | Mobiles | Desktop Tools | News Feeds | Interactive Television | Downloads
Sport Homepage | Football | Cricket | Rugby Union | Rugby League | Tennis | Golf | Motorsport | Boxing | Athletics | Snooker | Horse Racing | Cycling | Disability sport | Olympics 2012 | Sport Relief | Other sport...

Help | Privacy & Cookies Policy | News sources | About the BBC | Contact us