According to Sky Sports News, Manchester City has made a shock bid for Dimitar Berbatov which has been accepted by Spurs. Incredibly, Tottenham is reported to have made a bid in excess of £30 million. The massive transfer fee makes him the most expensive transfer signing in British history.

Man City manager Mark Hughes says that the transfer has been agreed with Spurs, but personal terms have to be worked out with Berbatov.

The audacious bid is a result of a shock buyout of Man City from an Abu Dhabi group that has paid £200 million. Thaksin Shinawatra has reportedly sold the club to Abu Dhabi United Group Investment and Development (ADUG). One of the chief aims by ADUG is to ensure that Man City qualifies for the Champions League at the end of the season, so the Berbatov signing would be perfect timing for City.

Despite the bid being accepted by Spurs, there’s still an opportunity for a counterbid to be made by cross-town rivals Manchester United or other clubs. However, it’s doubtful that United would be willing to match or beat Manchester City’s current bid in excess of £30 million.