So it seems that the appointment of Sven-Goran Eriksson as our next manager is all but assured, given that reports suggest he has agreed 'in principle' to a three-year deal at the club and already lined up Roland Andersson as his number 2.
What seems to be holding the official announcement of the appointment is the need for Thaksin Shinawatra to acquire (at least) a holding of 75% in the club, following on from the announcement of the offer document to the Plus Markets earlier this morning (and something the club confirmed):
Once the announcement is official I'll post up more on the appointment, but suffice to say at this stage I'm very much behind the appointment and think this is a positive long term move for us.
It hasn't stopped the cynics from piping up though.
What seems to be holding the official announcement of the appointment is the need for Thaksin Shinawatra to acquire (at least) a holding of 75% in the club, following on from the announcement of the offer document to the Plus Markets earlier this morning (and something the club confirmed):
On 21st June 2007 the Boards of Manchester City and UK
Sports Investmentsannounced a recommended cash offer by UK Sports Investments to
acquire theentire issued and to be issued share capital of Manchester City other
than theManchester City Deferred Shares. The Board of UK Sports Investments
announcesthat the Offer Document and Form of Acceptance relating to the Offer
are beingposted to Manchester City Shareholders today.The Offer will remain open
for acceptance until no later than 1.00 p.m. on 17July 2007.
Once the announcement is official I'll post up more on the appointment, but suffice to say at this stage I'm very much behind the appointment and think this is a positive long term move for us.
It hasn't stopped the cynics from piping up though.