Sven and Foreign Investor at City

Eriksson to Manage at Manchester City in Takeover by Former Thai PM

After many months of negotiation look set to be the next English Premier League club to be taken over with foreign investment. Different bids had been proposed but with the group fronted by former Manchester City player, Ray Ransome, dropping out of the bidding, the way now looks clear for the bid by former Thai Prime Minister, Thaksin Shinawatra. He has lodged a formal bid for City and it is expected that an announcement confirming the Thai takeover could be made within the next few days.

Sven and Foreign Investor at City

Shinawatra was involved in detailed negotiations for Liverpool Football Club just over a year ago but these failed to materialize with doubts about the source of his financial wealth. Similar doubts are again being expressed with the Thai authorities intending to investigate the source of the funds being used for this takeover bid. He has had £830 million of his assets frozen in Thailand as the authorities investigate possible corruption charges. The former Thai Prime Minister claims that this investment is using funds he had set aside for his family.

New Manager Required:

While negotiating to takeover the club further preparations for the new season have been taking place. With Manchester City sacking their manager, Stuart Pearce, at the end of the season, an immediate appointment will be the first priority of any new regime. With that in mind a number of high profile managers have come under consideration.

Initially, it was thought that the early departure of Sam Allardyce from Bolton Wanderers before the end of the season was indicative of his desire to take charge at the City of Manchester Stadium. However, he has now been installed at Newcastle United and City are thought to have considered Juande Ramos, the manager of Sevilla’s UEFA Cup winning team, Co Adriaanse the coach of AZ Alkmaar and Mark Hughes, the manager of Blackburn Rovers.

The former England coach, Sven Goran Eriksson, now appears to be the favourite to take up the position, once the takeover negotiations have been completed. Eriksson who relinquished the England post at the end of last summer’s World Cup in Germany when England lost on penalties to Portugal, has been receiving payment from the Football Association for the past year as part of his compensation package.

Eriksson’s Club Record:

Sven Goran Eriksson took over as England Coach in January 2001, having managed Lazio to the Italian League and Cup double in 2000. While he failed to achieve success with England in the finals of the World Cup or European Championships, Eriksson had a very successful coaching career in club football prior to his appointment with the national side.

He had League and Cup success in Sweden with IFK Gothenburg in his first appointment and also took them to UEFA Cup victory in 1982. He then went to Portugal with Benfica who also achieved League and Cup success during his two season in charge.

He then had his first experience in Italian football with AS Roma who won the Italian Cup during his three years there. Two seasons at AC Fiorentina brought no silverware but a return to Benfica was rewarded with a further League Championship. Returning to Italy he won the Italian Cup with Sampdoria and then had a very successful period at Lazio including domestic and European success.

The views of English fans on Eriksson are rather dulled by his time as England coach but Manchester City are getting a coach who has achieved considerable success in club football, winning fourteen trophies in three different countries, and with the financial backing from the Thai consortium, Eriksson will want to add to his considerable record of success and show that he can do it in England as well.