John Wardle has spoken about the bright future that he sees ahead for Manchester City.
Mr Wardle was the Club's Chairman for four years, but with the offer for the Club from UK Sports Investments having become unconditional on Friday he was replaced by Dr Thaksin Shinawatra.
Speaking at the press conference on Friday where Sven-Goran Eriksson was unveiled as the new City manager, Mr Wardle said:
"I’m pleased now to drop to deputy Chairman and get some of that responsibility off my shoulders. Dr Thaksin is now Chairman and we spoke to him today, unfortunately he’s not here, he’s away on business but will probably be around next week. He’s absolutely delighted that the deal has gone through, he’s spoken with Sven and is in contact with us all the time, and he will now be calling the shots.
When asked if it was a sad day for him, Mr Wardle replied:
"No, I think it’s a very happy day, because I can see what’s coming and the future. We’d got to a stage where, I do believe, we’d taken Manchester City as far as we possibly could. Along with Alistair Mackintosh of course, we had stabilised the Football Club from a financial point of view, but we needed that extra to do what Dr Thaksin’s going to do by bringing in a top class manager and hopefully world class players will be following.
"So I’m very pleased and am looking forward like everyone to the future of this Football Club and watching them go up and up."