Manchester City boss Mark Hughes has dismissed reports that club owner Thaksin Shinawatra is looking to sell up.

Hughes said: "I think there is old news which raises its head now and again. There is absolutely no issue there, the club is not going to be sold.

"The owner is looking for parties to come in and invest if they are the right people, and for the right areas of the business. But there is no intention to sell the club."

When asked if any potential investment deal would have an effect on his transfer plans, Hughes replied: "None whatsoever."