Former Thai Prime Minister and Manchester City hopeful Thaksin Shinawatra has boosted his stake in the club following his earlier £81.6m takeover bid. The overall shareholding of his company UK Sports Investments now equates to 65.78% of the club. Whilst the takeover bid has been recommended by the club board there have been concerns regarding the source of funds for Thaksin Shinawatra.

The former Thai primer minister who was ousted in a military coup last year faces corruption charges at home where he has had his assets frozen by the current government. Shinawatra’s UK broker insists the money is clean and the takeover will also need to be passed by the Premier Leagues fit and proper person test.

Mr Thaksin will have to pass the Premier League's standard "fit and proper person" test before being able to complete the proposed takeover. Shinawatra will require a 75% stake in the club in order to de-list the company from the stock exchange and convert to private ownership. It is believed that his latest stake comes from broadcaster Sky who are the only major shareholder remaining at the club.