Bluemoon you saw me standing alone without a dream in my heart without a love of my own

Wednesday, 25 April 2007

City takeover Ransons bid rejected


Blues sceptical over Ray offer Chris Bailey 25/ 4/2007
CITY'S takeover saga took a new twist today with the Blues blasting back at Ray Ranson's 'indicative offer' as they unveiled one of the 'mystery' Americans.In a statement to the Stock Exchange this morning, City confirmed that they have received two offers from Ranson, though they say neither is for £90m.Ex-player Ranson, meanwhile, has made it clear that the Blues can expect a fresh proposal in the next few days as the race to own the club hots up.He may face competition from Jerome Simon, a USA financier who is looking to get into the English game and has previously been linked with Millwall.Although he has been reported to have made a visit to the Carrington training ground, 47-year-old Simon - whose company is Lonestar Partners - is still not considered a front runner by the Blues.They are sceptical, too, about Ranson, and have clearly been irritated that his `indicative offer' became public knowledge after a period of time without contact. "The board can confirm it received, and responded promptly to, a highly conditional indicative proposal from Ray Ranson and his advisers on March 12, 2007," read their statement. "For the avoidance of doubt, since March 12, 2007, contrary to media speculation, neither the purported '£90m bid', nor further proposals of any sort, have been received by the company or its advisers from Ray Ranson." Meanwhile, Ranson's own statement released to the Stock Exchange last night hinted strongly that he was about to launch another offer.

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