Lita misses golden opportunity
City deal setback
New owners at Hull
England miss the chance to open with a win in the Under-21s European Championships in Holland. Stuart Pearce’s team draw nil-nil with Czech Republic in Arnhem but only after Reading’s Leroy Lita misses a potentially costly 88th minute penalty.
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Thaksin Shinawatra’s anticipated takeover of Manchester City is thrown into doubt ollowing reports that the former Thai prime minister’s bank accounts - said to total £830million - have been frozen. He fled Thailand last year after being ousted in a military coup and is being investigated for corruption by the Thai authorities. A statement by City reads: “The board and its advisers are in discussion with Dr Shinawatra’s advisers to confirm the implications of these developments.” Shinawatra’s lawyer Noppadol Pattama calls for patience: “The negotiations are underway, in line with English law. The result is likely to be good, and the negotiations should not take a long time,” City are currently in a state of limbo following the sacking of manager Stuart Pearce last month.
A takeover at Hull City goes through much more smoothly after chairman Adam Pearson agrees to step down after six successful years in charge of the Tigers. He has masterminded the Yorkshire club’s rise from brink of oblivion up to the Championship, and their move to the superb KC Stadium. Having narrowly avoided relegation last season, the former Leeds United director admits that now is the time for fresh investment: “If we are not able to invest in the club then ultimately we will fall back to where it took so long to escape from. We’ve come too far to allow this club to slip back into the lower reaches.” The new owners are a three-man south-east based partnership led by new chairman Paul Duffen - the co-founder of the Catalyst Media Group.