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LUFC Latest takeover talk

The latest name to be linked with a takeover at Leeds United is Bahraini Sheikh Abdulrahman bin Mubarak Al-Khalifa.

The Sheikh is a member of the Bahraini royal family and a lifelong Leeds United supporter of over 40 years, having been brought up in this country.

He was first linked with a takeover of the club in the winter of 2003 with the club in meltdown and sliding towards relegation to the championship. The clubs crown jewels were being sold at a knockdown price to try to clear the 100 million debt that had been amassed.

He was reported to be leading a consortium trying to buy the club and speaking at the time back in 2003, he said, 'I fell in love with the club when I was 11 years old when Leeds played Chelsea in the 1970 FA Cup final.

'It was fated that I should love the club. Whether that fate will determine that I can save them 30 years later, I don't know.

'Leeds mean everything to me, I was born to support them.

'Those who are closest to me, my friends and my family, know what Leeds United mean to me.'


He eventually failed in his attempts to buy the club with the club stating at the time that they had not received satisfactory evidence that the funds existed for his consortium to buy Leeds United.

Leeds have made two brief statements regarding the current situation at the club.

On May 29th, they released a statement on the official website stating that the club were in talks with possible investors.

On June 26th, they released their second statement when they said they had granted an exclusivity period for a potential investor to carry out due diligence and the club admitting they were happy the investors had the funds available and would have no problems clearing the fit and proper persons test set out by the Football League.

One sports lawyer after reading the statement made by the club said that the statement issued by Leeds pointed at a full takeover of the club and not just an investment.

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The Journalist

Writer: Dazza71 Mail feedback, articles or suggestions

Date:Sunday July 8 2012

Time: 6:40AM

 

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