With no money left at the club, the urgent need for a takeover was utmost in the minds of the board during the summer. There were three options they were considering. Francis Lee had proposed that City should sign a deal with Galileo, who were an American hedge fund, who would then spend three months trying to find a buyer in USA. The second option was an offer from a consortium headed by former City defender Ray Ranson.
The third was from former Primeminister of Thailand, Thaksin Shiniwatra and despite accusations of corruption charges against him in Thailand the board decided on Shinawatra’s bid, and althogh the deal stalled slightly due to him having his assets frozen in Thailand, a deal finally went through on 21st June 2007 with an £81.6M buyout. And with just a few weeks until the start of the campaign Sven-Goren Eriksson was announced as City’s new manager to bring some success to City with Thaksin’s three year plan.
And so the season was over and City finished 9th on 55 points and although they missed out on a European place via their position in the league, lady luck shone on the Citizens as they gained a UEFA Cup place via the debacle that is the Fair Play League.
Richard Dunne was named City Player of The Year and Sven flew out with the team to Thailand where an inexperienced City side lost 3-1 to The Thai League Allstars before flying to Hong Kong where they lost to a South China Invitational XI again 3-1, with Thaksin donating City’s match fee to the China Earthquake Fund. Sadly Dr Shinawatra was not as charitable with Sven though as on the 2nd June 2008 he announced that Sven would be stepping down as City manager. With much speculation as to who would be Sven’s replacement, two days after Eriksson’s departure it was announced that Mark Hughes had signed a three year contract to take over at Eastlands and plot City’s European adventure in the 2008/09 season.