Leeds open to new approaches

Leeds have confirmed an exclusivity period granted to a potential investor has ended - but would still welcome approaches.

Last Updated: 09/08/12 at 17:53 Post Comment

Latest Articles

Gareth Bale looking forward to next season with Real Madrid

Post comment

Gareth Bale has given a strong indication that he expects to remain with Real Madrid next season.

Artur Boruc stays at Bournemouth

Post comment

Bournemouth have signed Artur Boruc on a permanent deal following his release by Southampton.

All Articles

Leeds: Would still welcome approaches

Leeds: Would still welcome approaches

Leeds have confirmed an exclusivity period granted to a potential investor has ended - but would still welcome approaches from potential new partners.

Leeds United Supporters Trust earlier revealed the proposed takeover, believed to involve investors from the Middle East, had collapsed after they had been granted due diligence.

It is understood concerns about the takeover emerged when Leeds chief executive Shaun Harvey flew out to Monaco to meet with chairman Ken Bates in an effort to push the deal towards a conclusion.

The Elland Road club have now released a statement which read: "Leeds United ('The Club') announces that the exclusivity period granted to a potential investor as mentioned in the statement of 26 June has ended.

"The club remain happy to continue discussions, but not on an exclusive basis, so as not to prevent other options passing.

"The first priority must be to ensure that the credibility of any future investor or ultimate owner is such, that the Leeds legacy and its future is in safe hands, back in the Premiership.

"The club will continue to be receptive to approaches from potential new partners who can establish that they have the necessary credentials.

"Meanwhile, it is encouraging that there is a new spirit at the club under the management of Neil Warnock and his 10 new signings."

Leeds first confirmed they were in talks with an unnamed group of potential investors on May 29 and said in a statement they welcomed potential investment.

The club then announced on June 26 they had granted an exclusivity period to enable a potential investor to carry out the appropriate due diligence and that they "anticipated this will be a fairly straightforward process".

But Leeds had steadfastly refused to comment further on the matter, leaving fans mystified and angry at a perceived lack of progress.

During this time LUST have twice issued public pleas for information on behalf of the club's supporters - but nothing had been forthcoming until Thursday's announcement that the deal had collapsed.

Bates, 80, who took control of Leeds in January 2005, 18 months after he sold his shares in Chelsea to current owner Roman Abramovich, has already met with a wave of hostility from fans on various media outlets, including Twitter.

He is not scheduled to be present at Saturday's home Capital One Cup tie against Shrewsbury but is expected to return for the opening-day npower Championship clash with Wolves at Elland Road the following week.

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.

Footer 365

Eden Hazard is open to another 10 years at Chelsea

Eden Hazard wants to stay at Chelsea for years and join football's elite by leading the club to Champions League glory.

Rafael Benitez '99 per cent' certain to be next Real Madrid boss

Rafael Benitez is '99 per cent' certain to be Real Madrid boss, says Carlo Ancelotti's representative Ernesto Bronzetti.

Manuel Pellegrini confident Man City will be stronger next season

Manuel Pellegrini is confident Manchester City will regain the Premier League title next season.

Mail Box

Who Is The Most Complete Striker Ever..?

...the answer is the original Ronaldo, Gerd Muller, Cristiano or Alan Shearer, depending on who you talk to. We also have one signing per Premier League (and promoted team)...

Reviewing Every PL Side's Season...

Time to half-heartedly agree or furiously reject some ratings. The mails also discuss the most complete striker ever in football, as well as Rodgers, Falcao and Bill O'Herilhy.

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