Jumping the gun a bit boys.
Thaksin's 800 million quid are FROZEN, not lost. Same as it has always been.
He doesn't want to return home and face the courts, which is understandable.
Hughes won't walk yet, but if the board tries to sell players from underneath him (like Corluka and Ireland), he's outta there.
All transfer activity will probably cease as the Sky money is being used to pay wages and existing transfer fees. We're not broke though.
This article sums up the "fit and proper" rules:
http://news.bbc.co.uk/sport2/hi/football/teams/m/man_city/7555512.stm