Tuesday, 18 September 2012

Ken Bates Confirms Leeds United takeover is ongoing

According to Leeds United Chairman Ken Bates the much vaunted takeover of the club is still ongoing and progressing slowly.Bates this evening said: "Despite the confidentiality agreement, stories keep appearing with varying degrees of accuracy as evidenced by the statements put out by LUST (Leeds United Supporters Trust)."That included a TV interview that said a deal was 'imminent'. It wasn't then and is progressing slowly now. In football everybody expects everything now - but the real world is different."Writing in the club programme ahead of tonight's clash with Hull, Bates added: "The current situation is that as I write, the appropriate documents have not been finalised between the lawyers." GFH Capital, who are working on the deal on behalf of a Middle Eastern consortium, have sent representatives to one of United's games this season but have not made any comment on the nature of the talks.

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