Leeds to confirm takeover

Leeds have announced a press conference for Friday morning where they will confirm the club's £52m takeover by GFH Capital.

Last Updated: 21/12/12 at 12:19 Post Comment

Elland Road: Will be under new ownership by Christmas

Elland Road: Will be under new ownership by Christmas

The Yorkshire club announced at the end of last month that the Bahrain investment bank's 100% takeover would be completed on 21st December.

Current owner Ken Bates will stay on as chairman until the end of the current season during a transitional period before being appointed club president.

GFH Capital deputy chief executive David Haigh, who became a director at Elland Road on 21st November, will be joined on the board by Salem Patel and Hisham Alrayes of the Middle East consortium.

GFH Capital, who first entered into talks with Leeds in May, have already transferred money into the club and will be making further funds available to manager Neil Warnock, who will have the new owners' full support.

Ahead of the 11.30am press conference, Haigh told the club's official website: "We are delighted, but also honoured and proud to be the new owners of Leeds United Football Club.

"We have had over 4,000 e-mails of support from fans and we have been overwhelmed by the reaction.

"Everyone we have spoken to in the city has been fantastic, and the atmosphere on Wednesday night was incredible, and we look forward to bringing more of the same to Elland Road."

Patel said: "We're looking forward to a bright future. This is a fresh start for the football club, and we welcome fans both old and new to Elland Road."

Don't miss any live and exclusive football coverage this festive season. Click here to visit Sky Sports' Festive Calendar

Football365 Facebook Fan Page

The Football365 fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Sky Bet

    • Retrieving latest Sky Bet odds

Most Commented

Readers' Comments

I

may well get slated by other United fans for this, but out of the three contenders, I'd far prefer Liverpool to win the title. Yes some elements of their fanbase can be a bit OTT, yes they're our biggest rivals and yes it will make our poor season feel even more like the end of an era (Fergie's gone, Liverpool are back on top). However I just have to applaud Brendan Rodgers and the way he's turned Liverpool around in just a couple of seasons. It...

Mike_Christie
Please Stop Telling Us What To Think

H

ooray! We are all excited now, we beat a very mediocre team! With all due respect to WHU supporters, not winning that game shouldn't even be a consideration. This is the problem, there is no winning mentality at the Emirates - we're all congratulating ourselves beating a team that we have a winning record against.

TheWhiz
Wenger hails important win

I

s this meant to be an aspiration for United supporters? Moyes mediocrity strikes again. I see the Bayern boys don't want to sign for him, and his reputation amongst the senior European coaches make other key signings unlikely.

redbornandbred
De Gea's Europa League target

Footer 365

Premier League: Sunderland beat Chelsea 2-1 at Stamford Bridge

Fabio Borini scored a late penalty as Sunderland beat Chelsea 2-1 at Stamford Bridge to dent the Blues title hopes.

Cardiff held, Swans win late

Cardiff's hopes of Premier League survival suffered a blow as they drew 1-1 with Stoke, while Swansea grabbed a 2-1 win at Newcastle.

Premier League: Tim Sherwood discusses Sandro snub and his future as Tottenham boss

Spurs boss Tim Sherwood insisted he had "no problem" with Sandro despite dropping him for Saturday's win over Fulham.

Mail Box

Kieran's Not The Only One Keeping Notes

Another chap in the mailbox has been keeping notes on comments made by optimistic Man United fans. Plus, Garey Vance is offering a double-or-quits on his new tattoo...

Mignolet Is The Reason For Liverpool Flying

Mignolet's bad kicking is the reason for Liverpool's success, whilst one man keep notes on F365 mails. Plus England excitement, Arteta and a bad Walsall experience...

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