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Leeds takeover collapsed
by Askern Rovers Thu 9 Aug - 23:16:36
The proposed takeover of Leeds by a Gulf-based consortium has collapsed, according to the Leeds United Supporters Trust.
Talks about potential investment in the Elland Road club have been on-going throughout the summer, but it appears that any deal is now off the table.
Discussions have been held between the Middle Eastern group and Leeds chairman Ken Bates, but Thursday's announcement from the Trust suggests that a dead end has been reached.
The Trust posted on their Twitter account: "The Leeds United Supporters Trust can confirm that the deal to buy the club has now collapsed.
"We will be making a more detailed statement later on today once we have had the chance to establish more."
The club confirmed that talks were taking place with investors on 29th May.
A statement by the club on 27th June then confirmed that the process had moved a step closer to completion after granting a due diligence period to a potential investor
Talks about potential investment in the Elland Road club have been on-going throughout the summer, but it appears that any deal is now off the table.
Discussions have been held between the Middle Eastern group and Leeds chairman Ken Bates, but Thursday's announcement from the Trust suggests that a dead end has been reached.
The Trust posted on their Twitter account: "The Leeds United Supporters Trust can confirm that the deal to buy the club has now collapsed.
"We will be making a more detailed statement later on today once we have had the chance to establish more."
The club confirmed that talks were taking place with investors on 29th May.
A statement by the club on 27th June then confirmed that the process had moved a step closer to completion after granting a due diligence period to a potential investor
Askern Rovers- Rovers Fan
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Re: Leeds takeover collapsed
by LEEDSLAD/03/01/2010 Fri 10 Aug - 5:41:36
LEEDSLAD/03/01/2010- MODERATOR
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Re: Leeds takeover collapsed
by hoolahoop Fri 10 Aug - 19:20:44
Take it they have now seen your books and don't trust them anymore than your owner ...deary deary me. 
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LEEDSLAD/03/01/2010- MODERATOR
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take over
by peacock Tue 18 Sep - 6:59:18
did it ever start i think it is a load of u no wot--but thats my oppinion----with pappa smurf we go nowhere---never will
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Re: Leeds takeover collapsed
by LEEDSLAD/03/01/2010 Tue 18 Sep - 7:05:11
Summits been going on pal
You going tommorow?
You going tommorow?
LEEDSLAD/03/01/2010- MODERATOR
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Re: Leeds takeover collapsed
by peacock Wed 19 Sep - 4:59:39
i think it was a bag of marbels---no take-over---no --money -BUT WE STILL AV BATES
peacock- Pride Of Yorkshire
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