Manchester City will not announce their new manager until prospective new owner Thaksin Shinawatra has bought a 75% stake in the club.

That could happen later in the week with former England coach Sven-Goran Eriksson on the brink of accepting an offer to take charge. The board have already recommended shareholders accept his £81.6million bid.

The former Thai prime minister currently has a 55.9% stake. The only other major shareholder is Sky, who own 9.9%. Should they come on board that would take Thaksin up to 64.9% and closer to the 75% mark where he could de-list the company.

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