Takeover of Leeds United on verge of being completed

LEEDS UNITED have called a press conference for tomorrow morning amid speculation that GFH Capital have completed their takeover of the Championship club.
By The Newsroom
Published 20th Dec 2012, 17:51 BST

The Dubai-based firm have been in negotiations with Ken Bates for the best part of six months over a possible deal.

They completed the first part of that purchase last month to take a 33.33 per cent shareholding with the plan being to complete a full takeover by December 21 at the latest.

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Earlier this week, GFH Capital deputy chief executive David Haigh and company director Salem Patel attended the Football League to seek approval for their proposed buyout.

For the full story read tomorrow’s Yorkshire Post.

Related topics:Football League