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LUFC Bates - Negotiations on-going

Leeds United chairman Ken Bates spoke of the clubs possible investors for the first time in almost two months on Saturday but still gave no indication of when it might happen.

Bates spoke in a statement on the official website and he said that talks were and negotiations are still on-going.

In the statement on the official website, Bates said, 'The real problem is that rumours have abounded inevitably.

'We are in negotiations with a party. We signed an exclusivity agreement to give them a time to do due diligence, and we're continuing negotiations.

'We're also bound by confidentiality, so we can't say anything, and in the absence of being able to say anything rumours abound.

'It's basically pub speculation that's being put to a wider audience. I'm sorry for the fans because there's nothing I can tell them at this stage, but when we can I will.'


The Yorkshire Evening Post ran an article on Saturday morning claiming that the deal was finally nearing a conclusion.

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The Journalist

Writer: Dazza71 Mail feedback, articles or suggestions

Date:Sunday August 19 2012

Time: 10:41AM

Your Comments

The pictures doing the rounds today make it look promising.
king billy
those piccys from the game are not the investor apparently, just some other geezer. What's Bates banging on about saying that The real problem is that rumours have abounded inevitably. That aint the problem the problem is Bates....End off!
trickyfandango
 

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