Manchester City chairman John Wardle has promised "significant" transfer funds will be made available this summer whether Ray Ranson succeeds in his takeover or not.

Ranson confirmed this morning he had put another "indicative proposal" to the board in a bid to push through his attempt to buy the club.

Even though Wardle has previously pledged to sell the 29 per cent stake he owns together with former business partner David Makin, Ranson's continued push for talks has not gone down well at Eastlands.

Until there is a formal bid for the club, Wardle has no need to respond.  He has, however, pledged cash for the transfer market.

"Plans are being made for the new season," he said.

"It is important that our supporters know that, whatever happens with regard to potential new investment, the board will support the manager in the transfer market."

"Funds were made available by the board for squad strengthening in the winter window, although we were unsuccessful in bringing in all the players we targeted.

"We will provide significant support again this summer."