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

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

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

C

heck Opta stats.... Sterling is already better than Alexis on pace and creativity and when he can match him physically he will be ten times the player Sanchez ever was or will be!!

hoggylfc
Rodgers: Sterling can be striker

I

expect Pulis to have a nice Christmas dinner with his family- probably all sitting around the table wearing Christmas themed baseball caps, before he gets the call. Realistically he could end up at any number of clubs, it'll be interesting to see which club folds first.

mark.m
For Foxes' Sake, Call The Pulis...

A

s a Liverpool fan, I personally hate Palace. My pick would probably be Arsenal, which is funny because it seems the vast majority of their own fans don't even like them right now.

mark.m
Who Has Got The Likeability Factor?

Footer 365

Premier League: Ronald Koeman hopes change of approach will reap dividends for Southampton

Ronald Koeman is hoping a change of approach will reap dividends for Southampton this weekend.

Nottingham Forest's transfer embargo could galvanise club, says Stuart Pearce

Stuart Pearce says Nottingham Forest's transfer embargo could end up having a positive effect on the team.

Carrick doesn't see defensive future

Michael Carrick says he is happy to deputise in defence during Manchester United's injury crisis, but still sees his future in midfield.

Mail Box

Gonna Party Like It's Your Birthday...

There are an awful lot of folk claiming to share their birthdays with Lionel Messi or Ronaldo, while we have an Arsenal fan who doesn't want to be liked and more...

Manager Of The Month, My A***...

We have a Newcastle fan having a pop at his manager, some mild reaction to last night at Bournemouth, a justication of that Falcao cost and why the Neviller rules...

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