Former Manchester City player Ray Ranson has confirmed hisinterest in buying the club and has already outlined his proposalto the club's plc board.Ranson issued a statement to the Stock Exchange which alsorevealed he is yet to receive a positive response and is currentlyconsidering making a further proposal.Scroll down to read more:More....Pearce bemoans 'one-sided' PremiershipPearce unfazed by takeover talkBarton savages City board and WatfordPremiership Rumour Mill: City chase Nugent, United chaseDecoIreland signs new deal at Man CitySportsmail postbag - Have your sayWhen Jose proved he was a basket caseEssien arrested on suspicion ofdrink-drivingD-Day looms
Michael Kors Tote Ba for SahaWill Kaka outshine Ronaldo?Ronaldo's got all we dream of in a playerFergie tackles Ronaldo burn-out fearsRonaldo picks up the doubleThere's only one Ronaldo and he'scup-tiedHaunted Milan stars seek justice after IstanbulnightmareAttack! Attack! Attack! - Fergie calls for RomaspiritRanson's approach for the club is backed by a UK-based financialpartner. The identity of this financial partner has already beendisclosed to the board.Ranson has assured Manchester City fans he would not plunge theBlues
Michael Kors Wallets into further debt should his takeover plans succeed.Ranson has confirmed he made "indicative proposals" to the Cityboard over a potential buyout and even though his offer did notreceive a favourable response, is now considering making anotherbid.The Blues board have consistently distanced themselves from anyRanson approach, believing the former City star's plans wouldworsen the club's financial situation and would generally not be inthe best interests of the Eastlands outfit.However, after news emerged of a potential £90millionoffer, which would include wiping out a £20million debt owedto chairman John Wardle and his former business partner DavidMakin, plus a £20million transfer kitty, Ranson has issued astatement through the Stock Market clarifying his currentposition."Ray Ranson can confirm that he is interested in buying the cluband has, over the past couple of months, made indicative proposalsto the club concerning a possible offer," the statement read."Ray is yet to receive a positive response from the board tothese indicative proposals and is currently considering making afurther proposal to the board of the club."Ray recognises that the club is heavily indebted and hisbusiness plan is not dependent on leveraging the club further."Together, Ray and his partners have developed an operationalplan for the club that is aimed at taking the club forward to thenext level of its development, both on and off the field."Ranson claims to have confirmed the identity of his major backerto the City board and is bullish about the financial prospectsshould he succeed in gaining control.Given his City background, many Blues fans would welcome hisinvolvement, particularly given the assurances over
Michael Kors Leather the club's debtposition.Whether he achieves his aim remains to be seen. It has appearedobvious for some time Wardle would prefer to do business elsewhereand, in their own statement earlier in the day, City confirmed theywere still in talks with a number of interested parties.At the moment, the favoured offer is believed to be from anAmerican consortium, whom it
Michael Kors Rose Go is thought would leave the currentmanagement structure in place.However, that deal is only expected to involve the purchase ofthe 29% stake owned by Wardle and Makin, rather than a total buyoutas Ranson is committed to, and is some way from conclusion.At this stage, interest from former Thailand Prime MinisterThaksin Shinawatra is tentative at best, leaving Wardle in a trickysituation as he decides whether to open negotiations with Ranson,who has made it clear a bid is more likely if the club decided toco-operate with him."Shareholders should be aware that there can be no certaintythat a formal offer will be made," the statement continued."But the likelihood of a formal offer being made to theshareholders may be improved with the club's cooperation in furtherconfirmatory due diligence."The timing of the latest development in the long-runningtakeover saga appears significant given it is only three days sincestar man Joey Barton launched an outspoken attack on the club'slack of planning for the future.City's attendances have steadily declined since they moved intotheir magnificent new
mk tote home in 2003 and there is a fear seasonticket sales will be adversely affected by their chronic form onhome soil, where they have failed to score in the Premiership sinceNew Year's Day.Although Ranson primarily has sound business reasons forattempting to re-establish his former club as a top-flight force,he is sensitive to City's history and appears eager to take up
Michael Kors Handbag thechallenge of running the operation. The statement concluded: "As a former player, Ray is deeplyaware of the heritage and traditions of the club and will fullyrespect these while laying the best possible foundations for thedevelopment of the club's future success."
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