27 Aug 2008Shinawatra 'only wants to fund transfers'

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Manchester City fans are unlikely to see any new faces before the transfer window closes after Thaksin Shinawatra's reluctance to sell to investors is causing concern.

While the Thai owner is prepared to sell a minority stake, outside parties are unwilling to accept the current terms.

Shinawatra's assets are currently frozen, meaning he cannot fund any new arrivals at Eastlands in the near future and Garry Cook, the club's chief executive, said that he was happy to sell of a chunk of the club to free up some funding.

Mr Cook said that potential investors were being put off by Shinawatra's unwillingness to put the whole club up for sale.

"Some of them have phoned the supporters' club because they couldn't find the club number. So I get the supporters' club asking me if the club is for sale. So I've got to deal with all that," he explained.

He went on to reassure fans that the owner was not looking to sell the club and the potential investment was only part of plans to sign players.

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