Date:Sunday September 23 2012
For the first time in over three months, Leeds United chairman Ken Bates finally put some meat on the bones of what is actually happening regarding the proposed investment at Elland Road.
The normally outspoken chairman has been eerily quiet since the news at the end of May that a possible new investment was coming into the club.
Even with a confidentiality agreement in place with the possible investors, Bates hasn`t taken up his usually Wednesday lunchtime slot on Yorkshire Radio.
Bates did speak with Yorkshire Radio`s Thom Khirwin ahead of the game with Nottingham Forest on Saturday and for the first time, Leeds fans might be able to stop guessing and double guessing what is actually going on.
In his interview, Bates said, "The confidentiality agreement we signed was very important to them because they are a banking institution and are a public company. Therefore, anything that is said, can affect their share price, which they have to be careful of. Secondly, because they are a banking institution they are under severe regulations. They have regulations that if we had in England, we would not be in the banking fiasco that we are still trying to recover from.
"This is a company that have offices in Dubai as well as Bahrain. They have investments and interests throughout the Gulf, North Africa and Asia, including India. They have a very diverse portfolio and a vary of interests and a sheer time difference between the various areas.
"In our particular event, they are using London lawyers, so there are certain logistical problems. However, I have discussed it with them in length and there are only certain things I can go into.
"Four of their top people were here for a long meeting yesterday and are here as our guests today.
"We are well advanced in our discussions. There are number of technical points that need to be resolved. Some of the delays have been because of the summer holidays. Because of the heat in the Gulf, a lot of people leave the Gulf and go to cooler climes and our people also have holidays, including the lawyers.
"We are making good progress and we had a very positive meeting on Friday. The potential investors are now looking to get this deal concluded as soon as possible. I cannot say any more than that and I do not intend to make any more statements.
Let our investors and our board get on with things and bring this matter to an early conclusion. Both parties regret that because of factors beyond our control, we missed the August transfer window but we are already planning for the January window.
Like I have already said, we had four of their top people, top executives and directors here from their institution.
We had one bit of bad luck. Their chairman was coming to meet me to resolve a few things, chairman-to-chairman that only chairman can do but unfortunately he had to pull out at the last minute for personal reasons. We were both disappointed but we plan to get together as soon as possible."
The new investors present at the game on Saturday will hopefully have been impressed with the fighting spirit shown by the Leeds team.
Injury hit Leeds won four the first time in four games when they beat Forest 2-1 thanks to goals from Luciano Becchio and Dominic Poleon.
Vital Leeds are the proud sponsors of the Thames Valley Whites Regional Supporters club
The fastest growing Leeds United supporters club in the South of England, with over 200 members since its formation in April 2009, travel to all games home and away.
The branch has pick up points at Basingstoke, Reading, Didcot, Abingdon, Oxford, Bicester and Banbury and will consider other pick up points on request.
Vital Leeds offers everything that a Leeds United supporter could wish for. If you can think of something and suggest it, we`ll put it on the website!
With news and views, along with a forum, polls and article comments, everything you need in a fans site is right here!
You can even win prizes, by posting articles comments, posting on the message forum and voting on the polls.
Vital is also 100% interactive. Not only can you have your say on the articles and the forum but you can also suggest an article or a poll so you can air your views.
So why not join Vital today?
It's easy to register here and enjoy getting involved
To visit the message board, click here.
This website is your website and we are looking for people to help run the site. Do you go to most of the games and have an opinion? Why not write a match report? Perhaps you are a budding journalist or even just someone who is very opinionated? Well why not join our team? If this interests you please contact Vital Leeds .
Vital Leeds is now available on both facebook and twitter, so if you are that way inclined and more importantly understand all this new fangled dangled stuff, feel free to watch us, poke us or whatever else you are meant to do there!
Vital Leeds on:
Vital Leeds on:
Join Vital Leeds
It's easy to REGISTER HERE, simply click the link and enjoy getting involved!
Date:Sunday September 23 2012
LUFC Dallas completes Leeds move (Tuesday August 4 2015)
LUFC On This Day - August 4th (Tuesday August 4 2015)
LUFC Wood backing himself to score goals (Monday August 3 2015)
LUFC Dallas announcement expected on Tuesday (Monday August 3 2015)
LUFC On This Day - August 3rd (Monday August 3 2015)
LUFC Vital Leeds Competition - Win A Replica Shirt (Sunday August 2 2015)
LUFC Development squad draw at Barrow (Sunday August 2 2015)
LUFC Rosler wants Elland Road to be a fortress (Sunday August 2 2015)
LUFC Former striker completes shrimpers deal (Sunday August 2 2015)
LUFC Leeds United Transfer Rumours - Week Thirteen (Sunday August 2 2015)
|14. Hull City||0||0||0||0||0||0|
|16. Leeds Utd||0||0||0||0||0||0|
|18. MK Dons||0||0||0||0||0||0|
|Boro agree striker deal
» Middlesbrough : 04/08/2015 14:47:00
|RUFC - QPR Tickets On Sale
» Rotherham : 04/08/2015 14:46:01
|RUFC - Gaffer And Chairman Have Great Relationship
» Rotherham : 04/08/2015 14:34:00
|MK Dons Complete Pre-Season With Chelsea Defeat
» MK Dons : 04/08/2015 14:14:00
|LUFC Dallas completes Leeds move
» Leeds Utd : 04/08/2015 13:28:00