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LUFC Bates - Negotiations on-going

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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Date:Sunday August 19 2012
Time: 10:41AM

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