limbo Posted June 21, 2007 Report Share Posted June 21, 2007 Thaksin's countermove to corruption allegations; Manchester City to become Shin City : the Sun Premier League Manchester City will become "Shin City" on Thursday as the club's five major shareholders have agreed to sell their 66 per cent to deposed prime minister Thaksin Shinawatra, the Sun tabloid reported. However London-based the Sun said the takeover Thaksin's takeover could still be vetoed if the Premier League decide he does not pass their Right and Proper Persons Test. Every board member or controlling shareholder of a Premier League club must sign a "director's declaration" stating whether he or she has convictions for fraud, theft, corruption or associated offences. Clubs with a director carrying such convictions are debarred from competing in the league until the association with the individual is terminated. Thaksin is wanted back in Thailand on charges of corruption and abuse of power. Thai graft busters have ordered freezing of Bt58 billion of his assets. The Sun reported that Thaksin has assured City the money is there for him to fulfil his dream of bringing success to Eastlands. The Nation 21/06/07 Link to comment Share on other sites More sharing options...
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