Manchester City have asked for an explanation from Thaksin
Shinawatra after it was reported that £830million of his assets had
been "frozen" by the Thai government.
The former Thai prime minister is currently in negotiations with
City over a potential takeover.
However, Shinawatra, who left Thailand last year after being ousted
from office in a military coup, is also at the centre of an ongoing
investigation into corruption.
Reports say he will no longer be able to access his bank accounts
in Thailand and City are eager to find out what the consequences
will be for them.
A statement from the club read: "The board notes the information
emanating out of Thailand today in respect of Dr Shinawatra and the
freezing of his assets.
"The board and its advisers are in discussion with Dr Shinawatra's
advisers to confirm the implications of these developments in
respect of their client's interest in potentially making an offer
for the company.
"These discussions and those between the company and other
interested parties may or may not lead to an offer being made for
the company."
The key question will be whether Shinawatra still has the necessary
funds to complete a takeover, but sources in London claim the
threat to freeze assets will not stop the City bid.
A spokesman for Shinawatra said: "This situation will not singly
affect the takeover bid."
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