Takeover Edges Closer At Leeds United

A statement released today by Leeds United confirmed that ‘investment’ talks are now entering an advanced stage. LOL! Leeds Online understands that the ongoing talks are about a full takeover at the club. 

The full club statement on the official website reads:

Further to our previous statement of the 29th May, Leeds United can confirm they have granted an exclusivity period to enable a potential investor to carry out the appropriate due diligence.

It is anticipated this will be a fairly straightforward process.
A confidentiality clause prevents the club from making any further comment. However, our discussions with them have left us very comfortable that they have the financial resources to support the club and that they will have no issues in satisfying the requirements of the Football League’s Owners and Directors Test, unlike many of the previous approaches we have had to endure.
We will not be making any further announcements in the near future.”
The process of due dilligence can be a lengthy one so a timescale on completion would be a guess, but those Leeds United fans hoping for change at Elland Road may well start to get excited at the thought of a new era for the club.