Prospective owner Ray Ranson has assured Manchester City fans he would not plunge the Blues into further debt should his takeover plans succeed.

Ranson has confirmed he made "indicative proposals" to the City board over a potential buyout and even though his offer did not receive a favourable response, is now considering making another bid.

The Blues board have consistently distanced themselves from any Ranson approach, believing the former City star's plans would worsen the club's financial situation and would generally not be in the best interests of the Eastlands outfit.

However, after news emerged of a potential £90million offer, which would include wiping out a £20million debt owed to chairman John Wardle and his former business partner David Makin, plus a £20million transfer kitty, Ranson has issued a statement through the Stock Market clarifying his current position.

"Ray Ranson can confirm that he is interested in buying the club and has, over the past couple of months, made indicative proposals to the club concerning a possible offer," the statement read.

"Ray is yet to receive a positive response from the board to these indicative proposals and is currently considering making a further proposal to the board of the club. Ray recognises that the club is heavily indebted and his business plan is not dependent on leveraging the club further.

"Together, Ray and his partners have developed an operational plan for the club that is aimed at taking the club forward to the next level of its development, both on and off the field."

Ranson claims to have confirmed the identity of his major backer to the City board and is bullish about the financial prospects should he succeed in gaining control.

Given his City background, many Blues fans would welcome his involvement, particularly given the assurances over the club's debt position. Whether he achieves his aim remains to be seen.