Vital Football

Latest Leeds United News

LUFC Long drawn out takeover nearing the end?

LUFC Long drawn out takeover nearing the end?

The people behind the proposed takeover of Leeds United have finally broke their silence today with a statement stating they had signed an agreement to buy Leeds City Holdings, the parent company of Leeds United.

GFH Capital Limited an investment based bank in Bahrain are the people behind the acquisition of the club.

In a statement released by GFH this morning, it read:

"GFH would like to confirm that GFH Capital Limited, a 100% subsidiary of Gulf Finance House, has signed an exclusive agreement to lead and arrange the acquisition of Leeds City Holdings, the parent company of LUFC.

According to a recent study released by Deloitte, LUFC is one of the best supported clubs in English football with a higher average match day attendance than most Premier League teams.

In addition, LUFC has a large and passionate fan base and a rich history of success in English football over the last 40 years.

Football teams in England have recently received a significant revenue boost due to the re-negotiation of broadcasting rights and it is expected that from next season each team in the Premier League will receive a minimum of £60million per season due to the increase in broadcasting rights.

LUFC would also benefit from this if it can achieve promotion to the Premier League.

Due to a confidentially provision, no further details can be given about the commercial terms of the transaction."


The news is the first big step after almost four months of near silence regarding the investment of Leeds United.

Leeds first broke the news after much speculation regarding a possible investment on May 29th, when the club said they were in talks regarding an investment to secure the long-term future of the club.

It was almost a month (June 26th) before the club released their next statement stating that they had entered an exclusivity period with the investor and they would now be allowed to carry out the appropriate due diligence into the club.

At the time, they stated that they thought this would be a straight forward affair.

There was nothing more from the club until August 9th when they announced that the exclusive period for the investors had now come to an end although they were still in discussions.

Leeds United chairman Ken Bates then broke his own personal silence on the investment when the club issued a further statement credited to Bates on August 18th.

What Bates did say was little to do with the takeover but he wished that the media and the fans would stop spreading rumours, but after three months of very little what did he expect.

Leeds fans then had to wait over a month before any further news broke on the progression of the deal when Bates spoke before the game with Nottingham Forest last weekend (September 22nd).

Bates confirmed that he had been talking with the investors earlier in the week and they would be present at the game with Forest.

After the news from GFH today, let us hope that the deal can now be sorted quickly so that manager Neil Warnock can strengthen the squad to make a sustained challenge for promotion to the Premier League this season.

Join The Vital Debate


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

Message Board

To visit the message board, click here.

Get involved

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 .



Bookmark and Share





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: facebook


Vital Leeds on: twitter

Join Vital Leeds

It's easy to REGISTER HERE, simply click the link and enjoy getting involved!








Click here to join in the debate on the club forum.

Writer:Dazza71
Date:Thursday September 27 2012
Time: 8:08PM

Login to post a comment

Recent Leeds Articles

LUFC Raynor - Talented youngster going nowhere

Leeds United assistant coach Paul Raynor says young goalkeeper Bailey Peacock-Farrell will be going nowhere in the summer.

LUFC Leeds United v Middlesbrough Team News

Team news ahead of the game on Monday

LUFC On This Day - February 13th

A look back at what happened on this day February 13th in the history of Leeds United

LUFC Evans looking for a reaction from the side

Leeds United head coach Steve Evans says he is looking for a reaction from his side

Archived Vital Leeds Articles

Vital Leeds articles from

Site Journalists

Dazza71
Profile

Current Poll (see more polls)

Are you pro or anti Cellino?
Suggested By:
Pro36%
Anti64%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
1 Hull City 30 18 5 7 59 28
2 Middlesbrough 29 17 6 6 57 23
3 Burnley 31 15 11 5 56 22
4 Brighton 30 15 11 4 56 10
5 Sheff Wed 31 14 11 6 53 16
6 Derby County 31 13 12 6 51 13
7 Birmingham 31 13 9 9 48 8
8 Ipswich 31 13 9 9 48 1
9 Cardiff 31 11 13 7 46 5
10 Forest 31 10 12 9 42 4
11 Preston 31 10 12 9 42 0
12 Wolves 31 10 10 11 40 -2
13 Brentford 31 11 7 13 40 -6
14 Q.P.R. 31 9 12 10 39 -1
15 Reading 31 9 10 12 37 0
16 Leeds Utd 30 8 12 10 36 -5
17 Huddersfield 31 9 8 14 35 -2
18 Fulham 30 7 11 12 32 -3
19 Blackburn 29 6 13 10 31 -2
20 MK Dons 31 8 7 16 31 -17
21 Bristol City 31 7 10 14 31 -21
22 Rotherham 31 7 5 19 26 -19
23 Charlton 31 5 10 16 25 -30
24 Bolton 31 4 12 15 24 -22
Latest F1 News
Latest Vital Boxing News

Leeds Fixtures (view all)

Feb 15 2016 7:45PM : Middlesbrough (H)
Sky Bet Championship
Feb 20 2016 3:00PM : Birmingham City (a)
Sky Bet Championship
Feb 20 2016 3:00PM : Watford (a)
FA Cup
Feb 23 2016 7:45PM : Fulham (H)
Sky Bet Championship
Feb 29 2016 7:45PM : Brighton & Hove Albion (a)
Sky Bet Championship
Mar 5 2016 3:00PM : Bolton Wanderers (H)
Sky Bet Championship

Recent Leeds Results (view all)

Vital Members League Table

RankNamePoints
1.dazza71176
2.deslondon103
3.Tiny T70
4.SimonTVW48
5.erni37
6.Oyper16
7.BtheD15
8.King Billy14
9.ultraleeds9
10.bago8