Anorak News | Manchester City And A New King’s Ranson

Manchester City And A New King’s Ranson

by | 24th, April 2007

man_city.gifWHILE the future of Arsenal football club remains up in the air, Manchester City are themselves the subject of a new bid from none other than former player Ray Ranson.

The one-time Man City full-back eschewed the usual route of opening a pub and instead made his money from insurance and sports finance.

The 46-year-old is leading a consortium with a bid of £90 million which covers the club’s shares, loans of around £24 million to major shareholders John Wardle and David Makin and debts to other creditors.

City fans, frustrated by another season of mid-table disappointment, will be particularly pleased to hear that Ranson is apparently prepared to provide a warchest of £20 million for transfers.

The Merseyside-born millionaire twice tried to purchase Aston Villa a few years ago, but may well find himself succeeding with this City bid.

Posted: 24th, April 2007 | In: Back pages Comment | TrackBack | Permalink