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

G

ood grief. Someone guessed that the form English player at the moment might be in his national side with some other players? And that's espionage? Now if they discovered that Emile Heskey was going to be in the starting line up.... at right back.... THAT would be espionage. Give it a rest Roy.

RogerRedHat
Hodgson hits out at Kane leak

H

e may get away with if Liverpool can swap the video with one of Skrtel dancing or something, but if they review the one shown on TV he's screwed.

hump3.
Skrtel denies violent conduct

G

ive him 10 crosses and he'll head 8 of them over the bar.

tk421
Where Does Giroud Rank In Premier League?

Footer 365

Burnley's Sean Dyche hoping Spain trip will prove positive

Burnley boss Sean Dyche hopes the squad's break in Spain will have the same effect a similar trip did last season.

Sunderland progressing under Dick Advocaat says Steven Fletcher

Steven Fletcher is feeling optimistic for the rest of Sunderland's season because of the impact Dick Advocaat has made.

Liverpool striker Daniel Sturridge suffers hip 'muscle tear'

Daniel Sturridge could be out for a month after Roy Hodgson revealed the Liverpool striker had suffered a ‘slight muscle tear’.

Mail Box

Ripe Robin Still Has A Role To Play...

There is some support for the aging Robin van Perise in a frankly threadbare Mailbox. Also, more debate over homegrown players, with a suggestion of an import tax...

Cry Me A River, Diego Costa...

There's little sympathy for Diego Costa, while one mailboxer has had enough of football by numbers. There's also an invitation to visit Colombia and an ode to Woan...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company