Thursday, 9 August 2012
Takeover Deal Has Collapsed
The proposed takeover of Leeds has collapsed, according to the Leeds United Supporters Trust.Leeds confirmed on June 26 that an unnamed group of investors, believed to be from the Middle East, had been granted due diligence and it was widely expected a takeover deal would be reached soon after.But there has since been no further information or updates from either the club or the proposed new owners and Leeds fans have grown increasingly cynical about the chances of a deal being struck. LUST issued the following statement on Twitter: "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 [Thursday] once we have had the chance to establish more."It is understood concerns about the takeover emerged on Wednesday 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.