Thaksin buys up more City shares

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Football News
Former Thai prime minister Thaksin Shinawatra is closing in on completing a takeover of Manchester City, where he hopes to install Sven-Goran Eriksson as manager.

Thaksin´s company UK Sports Investments Ltd has purchased a further 5,343, 622 shares (9.88%) in the club.

The shares are believed to be from broadcasting giants Sky as they are the only major shareholder remaining after Thaksin received a 55.9% stake following pledges from board members and former chairman Francis Lee.

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