Date:Thursday September 27 2012
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.
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:Thursday September 27 2012
LUFC Long season continues for Austin (Monday May 20 2013)
LUFC Leeds announce new Vice-Chairman (Monday May 20 2013)
LUFC On This Day - May 20th (Monday May 20 2013)
LUFC Trip to Somerset for Leeds next season (Sunday May 19 2013)
LUFC Leeds United Transfer Rumours - Week Two (Sunday May 19 2013)
LUFC On This Day - May 19th (Sunday May 19 2013)
LUFC On This Day - May 18th (Saturday May 18 2013)
LUFC McDermott encouraged by club owners (Friday May 17 2013)
LUFC Byram in World Cup squad (Friday May 17 2013)
LUFC On This Day - May 17th (Friday May 17 2013)
|Leeds Utd||2||-||1||Sheff Wed|
|10. Derby County||46||16||13||17||3||61|
|13. Leeds Utd||46||17||10||19||-9||61|
|LUFC Long season continues for Austin
» Leeds Utd : 20/05/2013 20:54:00
|LUFC Leeds announce new Vice-Chairman
» Leeds Utd : 20/05/2013 20:34:00
|Boro off to the coast
» Middlesbrough : 20/05/2013 19:44:00
|Foxes Looking Forward To Hong Kong Sevens
» Leicester City : 20/05/2013 18:16:00
|Murray's Op A Success
» Crystal Palace : 20/05/2013 18:05:00
|Tranmere is Fifth Summer Friendly!
» Burnley : 20/05/2013 17:51:00
|Tykes Transfer Rumours - Lee Novak
» Barnsley : 20/05/2013 17:49:00