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

Bet £10 Get £30

Daily Offers And Promotions. Join Now & Bet £10 and Get a £30 Free Bet

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.

Bet £10 Get £30

Daily Offers And Promotions. Join Now & Bet £10 and Get a £30 Free Bet

Related News

Most Commented

Readers' Comments

E

ven if United were to sign CR7 & Messi to play upfront, the fact remains Fletcher and Cleverly are playing in midfield. That's where the problem is. Fletcher is too slow with an awful pass, while Cleverly is simply rubbish

mrunited4life
Di Maria - A Signing of Necessity, or Opportunity?

T

hese days, these days, you can't say something racist without somebody saying that you're a racist.

tk421
'Wrong' Views Not Silenced By Shouting...

D

rop Rooney (he's so disappointing, overrated and overpaid), and play Di Maria and RVP upfront, much like the set up at the Netherlands team with Roben and RVP...

eric bush3
Di Maria - A Signing of Necessity, or Opportunity?

Footer 365

Transfer news: Nikola Zigic's agent confirms Arsenal's interest

The agent of ex-Birmingham striker Nikola Zigic has told SPORT that Arsenal have expressed an interest in his client.

Premier League: Crystal Palace unveil Neil Warnock as new manager

Neil Warnock has returned to Crystal Palace after being named as the new manager on a two-year deal.

Manchester United signing Angel di Maria claims he was forced out of Real Madrid

Manchester United signing Angel di Maria has claimed he never wanted to leave Real Madrid.

Mail Box

Well, This Isn't Going That Well Is It?

Plenty of fall out from Manchester United's shambolic 4-0 League Cup defeat, plus thoughts on Van Persie, Arsenal strikers, Benik Afobe, Celtic and Astroturf...

Not Getting Carried Away On Spurs... But

A couple of Spurs fans have broken rank to admit that they are bloody excited about things down the Lane. Plus Glen Johnson, Arsene on strikers and Moreno...

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