Man City in takeover talks

Manchester City have announced that they are in "preliminary discussions" with potential investors that may lead to an offer for the club. The Citizens have revealed that, before Christmas, they were seeking fresh investment in the club but today's acknowledgement that they are talking to "third parties" suggests that a bit of headway is being made since then.

A statement to the stock exchange read: "The board of Manchester City notes the recent press speculation regarding the possibility of an offer being made for the company. Further to the company's announcement on December 7 2006, the board of Manchester City confirms that it remains in preliminary discussions with third parties that may or may not lead to an offer being made for the company. A further announcement will be made in due course as appropriate." Hands up if you think it may be an American? [Mof Gimmers]