DW Stadium

Next Game

Wigan v Leeds

Saturday, 07 March 2015, 15:00

Sky Bet Ch'ship

Elland Road

Last Game

Leeds 2 - 1 Ipswich

Wednesday, 04 March 2015, 19:45

Sky Bet Ch'ship

New Leeds offer turned down

Leeds United owners GFH Capital have rejected an offer from a Yorkshire consortium to purchase a majority stake in the Championship club.

Last Updated: 11/02/13 at 08:18 Post Comment

Speculation continues to mount at Elland Road over investment partners and manag

Speculation continues to mount at Elland Road over investment partners and manag

It was reported that the unidentified group was bidding for a 51% initial share with a view to a phased buy-out.

However, a statement on the club's website by GFH Capital, the Dubai-based investment bank who completed the takeover from chairman Ken Bates for around £52m in December, read: "The most recent offer has not been accepted.

"Although we continue to seek strategic investors, we will only bring on board those who we feel can make a positive contribution to the sustainable success of Leeds United."

Bates is still chairman and is set to become honorary president at the end of the current campaign. They are 11th in the championship and five points away from the play-off spots.

GFH expressed their satisfaction at what had been achieved since announcing they had acquired the club on 21 December by saying they were "delighted with the progress".

The statement added: "On the pitch, we were thrilled to bring in quality players such as Steve Morison, Michael Tonge, Stephen Warnock and Ryan Hall.

"They, along with our extended contracts for El Hadji Diouf and Sam Byram, are great additions to the squad and will provide a great boost as we head further into the second half of the season. There is also the FA Cup 5th Round tie against Manchester City to come and we know you are all as excited about that as us.

"Off the pitch, we have made significant investment of working capital that was crucial to keeping the club running. On top of producing the best results on the pitch, it is our aim to expand and strengthen the Leeds United brand both here in Leeds and across the globe with the thousands of fans that follow the club from abroad."

Uncertainty and speculation of staff changes continue to hamper manager Neil Warnock, whose contract expires in May, with the club's Supporters Trust demanding the situation be clarified.

Warnock, however, is staying cool on his role and said on Friday: "My future will be decided on the field anyhow. I wouldn't be here if I didn't think we could still get promotion."

Related News

Most Commented

Readers' Comments

A

nd yet... Jermain Defoe is still going to pronounce himself gobsmacked when he learns he hasn't made the England squad for the Euro qualifiers.

treeman1
Premier League Winners And Losers

W

e could release Diaby and then re-sign him when nobody else does and he would literally be like a new signing.

john matrix
The Machine Gossip

W

e pay the living wage, living wage, living wage, and that's the way we like it, we like it, we like it!!! Wooo ohhhh ooooohh

hump3.
All Premier League Clubs Should Be Paying Living Wage

Footer 365

Roy Hodgson says Harry Kane may miss out on England squad

Roy Hodgson says selecting Tottenham striker Harry Kane for the next England squad is far from a certainty.

Papiss Cisse faces seven-match ban after admitting FA charge

Newcastle's Papiss Cisse faces a seven-match ban after admitting an FA charge relating to Wednesday's spitting incident.

FA charges Newcastle's Papiss Cisse and Manchester United's Jonny Evans

The FA have charged Newcastle's Papiss Cisse and Manchester United's Jonny Evans over Wednesday's 'spitting' incident.

Mail Box

Have To Trust Managers On Mata

It's all very well bemoaning the lack of action for Juan Mata, but we have to trust the judgement of Van Gaal and Mourinho. Plus Martinez Out, and Leicester are doomed...

Should Gerrard Get In This Liverpool Side?

Never mind the long goodbye, should he actually get back into this excellent Liverpool side playing with pace? Mostly we talk Manchester United, though. It's good...

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