Leeds takeover talks extended

The company hoping to buy Leeds United has been granted an extension to the exclusivity period as they bid to complete the deal.

Last Updated: 16/11/12 at 13:09 Post Comment

Ken Bates: Continuing talks over possible takeover

Ken Bates: Continuing talks over possible takeover

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GFH Capital, the Bahrain-based investment bank, has been in talks with Leeds chairman Ken Bates for several weeks, and the two parties now have additional time to finalise a deal.

David Haigh, deputy chief executive officer at GFH Capital, said in a statement: "The fact that we are in such advanced talks means this extended exclusivity window is merely to ensure we can get past the final post without distraction.

"We have come so far and are looking forward to what we hope will be a positive statement about change in ownership of Leeds United shortly."

In April last year Bates announced he had bought a controlling 72.85 per cent stake of the club's shares from a Geneva-based company, Forward Sports Fund.

The club have made pre-tax profits of more than £10m since the summer of 2007.

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I

put Ince in my fantasy football team, so it's no surprise at all really. I do that to players. Also responsible for De Jong and Upson being injured. Think I'll transfer in Di Maria just to ruin United....

megabrow (cufc)
F365's Top Ten Surprise Strugglers

L

ovren? £20m always seemed a touch on the expensive side, but I wasn't expecting him to be quite such a waste of money

stevenjameshyde
F365's Top Ten Surprise Strugglers

H

alf of our players have the physical presence of a 14 year old girl. I don't know why people are always shocked that they're injured.

TheWhiz
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