Thaksin Shinawatra has no intention of selling Manchester City, according to a club spokesman.
The former Thailand prime minister has been shocked at the way talks with potential partners have been construed as a way of him leaving City just 12 months after he bought the club.
Thaksin’s plans for the Blues have been complicated by fraud allegations that he faces in his native Thailand and was as the predicament of his wife who is currently on bail after being sentence to a three-year jail sentence for tax evasion by the Thai authorities.
“It is not true to say Thaksin Shinawatra is selling Manchester City,” said a club spokesman.
“He spoke with Garry Cook this morning and those were the sentiments he echoed in very strong terms.”
However, it has been confirmed Thaksin has been in contact with potential investors, who have expressed an interest in buying a stake in the club.
City boss Mark Hughes could certainly do with a bit of extra financial muscle given it will take the impending sale of Vedran Corluka to Tottenham for the Welshman to start moulding his squad.
The only new arrivals at Eastlands this summer have been Brazilian striker Jo – currently on Olympic duty – and Tal Ben Haim, while Croatian full-back, Vedran Corluka, has been linked with a move to Tottenham.
Manager Mark Hughes wwill be looking to strengthen his squad if City are to achieve Thaksin’s goal of qualifying for the Champions League by the 2009-10 campaign.