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LUFC Bates is the owner of Leeds United

LUFC Bates is the owner of Leeds United

Leeds United have announced that chairman Ken Bates is now the owner of the club.

After lengthy speculation about who is the owner of Leeds United Football club.

The club have now issued the following statement on their official website:

The scaremongering arising out of the football governance inquiry has not been helpful and, whilst the board were always confident that there were no issues, recognise the concern the unknown outcome of any Premier League questions may have on our members.
To address this issue and in the hope that this brings an end to the speculation, the chairman, Ken Bates, has completed the purchase of FSF Limited for an undisclosed sum. FSF Limited is now owned by Outro Limited which is wholly owned by Ken Bates.
''This change in ownership structure makes Ken Bates the controlling shareholder of Leeds United and delivers the transparency sought.

Leeds have been pressured for a while now to reveal the owners of the club and this was further fuelled recently when Premier League executive Richard Scudamore addressed MP`s at the Football Governance enquiry and say that he would not allow Leeds to enter the Premier League until he was satisfied with who the owners are at Elland Road.

Following the statement, Leeds also stated that the Football League, Football Association and Premier League are now happy that the new ownership structure satisfies their regulations.


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Writer:Dazza71
Date:Tuesday May 3 2011
Time: 8:36PM

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