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Profile: UK Sports Investments
UK Sports Investments was a participant or observer in the following events:
Former Thai Prime Minister Thaksin Shinawatra loges a £81.6m formal takeover bid for football club Manchester City. The offer is made through a company called UK Sports Investments, a vehicle indirectly controlled by Shinawatra, his son, and his daughter. [BBC, 6/21/2007] Since he was overthrown by a military coup last September, Shinawatra has been dogged by allegations covering assorted instances of corruption, human rights abuses, and running death squads as a part of his government’s war on drugs. [Daily Mail, 6/22/2007] Thai prosecutors have already filed corruption charges and frozen some of his assets. [BBC, 6/21/2007]
Former Thai Prime Minister Thaksin Shinawatra completes his takeover of Manchester City. Shinawatra, who was allegedly involved in corruption, human rights abuses, and death squads in his native Thailand, made a formal offer the previous month (see June 21, 2007). Shinawatra now owns 74.03 percent of shares through his UK Sports Investments vehicle, very close to the 75 percent he needs to take the football club off the stock market. The previous shareholders, including former chairman Francis Lee and the Rupert Murdoch-controlled BSkyB, were wary of selling to Shinawatra because of the allegations against him, but have been reassured. The only bar to Shinawatra assuming full control of the club is that he now has to pass the Premier League’s “fit and proper person” test (see Shortly After July 6, 2007). [BBC, 7/6/2007]
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