Leeds United Association Football Club Takeover

YES YES YES YES YES YES YES!

I've been having the worst month ever, leeds has been the only thing to have redeemed it in the past week with good wins and now this.......and lets be honest, not often any of us can say that!
 
New statement today.

As an obligatory part of this stage of the talks, GFH Capital, which has already provided £2m to the Club with further funds available, has now provided the Leeds United FC owners and management with the necessary proof that it has the funds available to close this transaction.
Leeds United chairman Ken Bates said: "It's been a long road but we are in a good place. Both sides have been in talks over the last few days to finalise this deal. We are keeping focused and hope to complete very soon. The inaccurate reporting of certain journalists who will remain unnamed does not help the situation. Their articles, based upon a lack of knowledge of the intricacies of the deal and the full facts of the positive intentions of GFH Capital, achieve little and lead only to retractions or public apologies at a later date."
David Haigh, Deputy CEO, GFH Capital said: "With the money in place, we are poised to make this deal happen pending agreements and arrangements which are in the interests of the future of Leeds United - we need to make sure all the finer detail is addressed before trading signatures. Despite what has been said recently in media, both sides continue to talk regularly and continue to work hard to get the job done."
Salem Patel, Board Director and Chief Investment Officer, GFH Capital said: "We understand there is some concern related to how Leeds United would be run under our stewardship. It remains important to be clear that Shari'ah law will not hinder this transaction nor will it affect the future operations of the club. Our intention is to provide investment which will facilitate a successful and sustainable future for Leeds United on and off the pitch."
Click to expand...

...almost done :p
 
First order of business, lower ticket prices to Championship level. Scandalous that pretty much everything with a Leeds United sticker on is more expensive that many Premier League teams.
 
Breaking News

Dubai-based investment bank GFH Capital Limited has agreed a takeover deal for Leeds United.



Full statement

Dubai-based investment bank, GFH Capital Limited has today signed the deal for the acquisition of Leeds United Football Club. The signing of this deal marks the start of a one-month transitional period in terms of full change in ownership and control of the club. Following Football League approval, GFH Capital Limited will be 100% shareholders.

The deal sees GFH Capital Limited, which has financially supported the club since entering into an exclusivity period, injecting further funds for working capital and to support Neil Warnock's intentions to strengthen the team.

GFH Capital executive David Haigh will join the board of Leeds United with immediate effect with fellow GFH Capital executives Hisham Alrayes and Salem Patel joining in December as the leadership of the club is further strengthened.

Ken Bates will remain as Chairman for a transition period until the end of the season after which point a new GFH Capital-led Chairman will take over the position and Ken Bates will become club President.

Leeds United chairman Ken Bates said: "I can confirm we have now completed all the negotiations with GFH Capital. We have completed the first part of the purchase and they will be taking over 100 per cent of the club. Meanwhile, there is a transitional period while they get to know more about the club.

"I will continue as chairman until the end of the season when I will take over as president and I look forward to sitting back and taking more time off. Neil Warnock will continue as manager with more support than the present owners have been able to give and we look forward to a smooth transition.

"One thing I can say that has benefited from the negotiations is that this six-month courtship has given GFH Capital the opportunity to see the strengths and weaknesses and what needs to be supported. You can look forward to a smoother transition than we've seen at a lot of clubs.

"I'd like to thank, on behalf of Susannah and myself, the tremendous support we have received over the years, particularly over the last 12 to 18 months which hasn't been easy, but has made us more determined to see the job through."

David Haigh, Deputy CEO, GFH Capital Limited said: "After a long process of negotiations, spanning Leeds, London, Monaco, Dubai and Bahrain, it gives us great pride today, to have completed the deal for Leeds United.

"A brief but important transitional period now begins in terms of the changeover of ownership: we have today injected further funds into the club and now we look to the future and start the exciting journey to take Leeds United FC back into a prime position in English football once again.

"From a Leeds family myself and a supporter of The Whites since childhood, I know that football is at the very heart of the people of Leeds and the wider community. We want to thank all the fans in UK and around the world for their patience and support while the negotiations have been taking place. Lets now march on together, taking the club back to the Premier League as soon as possible."


http://www.leedsunited.com/news/20121121/gfh-capital-to-take-over-leeds-united_2247585_2986979
 
WOHOOOO :D About damn time!

Looking forward to the January transfer window now :D albeit not getting my hopes up too much but two or three really good players is a must.

pingwing said:
Yay! No more Bates! (universal football rule no one wants Ken Bates, ever, unless he's going to by Pompy)
Click to expand...

Sadly he's still sort of there, taking over as president of the club, i have no idea what that entails but i must admit, until i heard the last president had died, i had no idea who he was or what he did anyway :p
 
Last edited:
mrbios said:
Sadly he's still sort of there, taking over as president of the club, i have no idea what that entails but i must admit, until i heard the last president had died, i had no idea who he was or what he did anyway :p
Click to expand...

:mad: that man makes me so angry, no idea why he likes being a figure of so much hate day in day out.
 
You must log in or register to reply here.
Back
Top Bottom