City must wait on Sven

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That could happen later in the week with former England coach Sven-Goran Eriksson on the brink of accepting an offer to take charge. The board have already recommended shareholders accept his £81.6million bid.

The former Thai prime minister currently has a 55.9% stake. The only other major shareholder is Sky, who own 9.9%. Should they come on board that would take Thaksin up to 64.9% and closer to the 75% mark where he could de-list the company.

Eriksson is understood to be very likely to commit himself to a three-year deal shortly but City attempted to play down rumours of the Swede's impending arrival on Tuesday.

"The board notes the media speculation concerning the managerial position at the club," read a statement from chief executive Alistar Mackintosh on City's official website, www.mcfc.co.uk.

"Earlier on Tuesday, UK Sports Investments Limited announced that the offer document in respect of its offer for the club was posted to shareholders.

"Discussions are on-going with managerial candidates and once the offer becomes or is declared unconditional in all respects, the club expects to announce the appointment of a new manager."

Eriksson has sounded out Roland Andersson about becoming his assistant at Eastlands.

Currently Sweden's assistant coach, Andersson said he was "flattered" to be offered the role.

"I was contacted by Sven [about being assistant coach]," he told the Swedish Football Association's official website, www.svenskfotboll.se. "He said he was considering an offer to become Manchester City manager."