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

More of the games that matter

Watch Manchester City v Manchester United live only on Sky Sports this Super Sunday. Upgrade in minutes or watch with a NOW TV Day Pass.

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.

More of the games that matter

Watch Manchester City v Manchester United live only on Sky Sports this Super Sunday. Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

I

s that Subbuteo's Shaun Wright-Phillips? Crikey, I thought he'd retired. Although I guess 'Only' QPR is like a retirement home.

duckman
The Earl Grey Gossip

C

an we release him in January?

dhirt11
Gerrard: I would leave Anfield

E

xcellent! Not sure if he is any good as a manager (never thought about it) but the 'headbutt in the technical area' and what he said to Pelligrini were just brilliant, it was as if he was trying to recreate the end of the Alan Partridge Xmas special when Alan punched a man in a wheelchair and verbally abused Tony Heirs.

beachend
Football Managers On TV: Alan Pardew

Footer 365

Premier League: Wenger not ruling out Arsenal title bid

Arsene Wenger is not ruling the Gunners out of the title race despite being nine points behind leaders Chelsea.

Premeir League: Chelsea boss Mourinho has no influence on Costa selection

Jose Mourinho says Chelsea are powerless to prevent Diego Costa from joining the Spain squad next month.

Manchester United in talks with AC Milan over January friendly

Manchester United are in talks with AC Milan about playing a friendly in the new year.

Mail Box

Is Ancelotti A Better Boss Than Mourinho?

That's one shout in the mailbox, although not as controversial as the mail imploring Jose Mourinho to sign Steven Gerrard in January so he can win the title he deserves...

'Pride' Didn't Stop Wenger Signing Flamini

Arsene Wenger's 'pride' in signings is quite rightly pulled apart. We also have a stupidly long email on going back, and one Mailboxer whooping about the FA Cup first round...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property