Ousted thai PM taking over Manchester City

Thaksin Shinnawattra, who has been living in London since he was ousted from power on 19 september, in between travelling around Asia, visiting south Korea, China, Hong Kong, Japan and Singapore, may soon be able to realize his fond dream of owning a major, British Premier League football club. Ousted prime minister, said friday that Manchester City directors had recommended that the club's shareholders accept his bid to purchase the team. It was the same day that prosecutors in Bangkok formally charged Thaksin and his wife with corruption. But before authorities froze his assets, Thaksin had already set aside about seven billion bahts (211 million US dollars) to finance the purchase of Manchester City
The formal bid for the Blues, worth 163 million dollars, was made by Thaksin's UK Sports Investments Company and was backed by management at Manchester City, the boards declared in a joint statement.
This will be Mr Thaksin’s second attempt to buy an English soccer team, he made a bid for Liverpool more than two years ago. One of the potential benefits for Manchester City is the prospect of new players with Thaksin’s promise to spend 85 millions of dollar to buy new players from next season.