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Unread 30-06-2012, 09:19 AM
The taste of syphillis
 
Default Is it about to get even worse



Searched to see if any info on where it was coming from but got a lifeboat anyway

http://www.bbc.co.uk/sport/0/football/18644182

Quote:
Leeds United investment from Middle East 'close'
Leeds United Supporters' Trust believes the potential investment in the club could happen next week, with the money coming from the Middle East.

The Championship club, who were bought by Ken Bates in 2011, have granted an exclusivity agreement with one potential investor.

"We think now that the deal is all but done," Supporters' Trust chairman Gary Cooper told BBC Radio Leeds.

"Due diligence is maybe a bit further on than the club suggested."

"I think there are just the formalities now and we should be hearing something sooner rather than later."

The exclusivity period granted allowed the investor to carry out due diligence, with a club statement saying they were "very comfortable" they have the financial resources to support the club.

The Elland Road side confirmed last month that they were in talks over "investment for the long-term future".

Regarding speculation of where the possible money is from, Cooper added he understood, as speculated, it is from the Middle East.

"Well that's been the most concentrated speculation now for the best part of a week and the information we have is that is fairly accurate," he added.

"I'm very confident that Mr Bates has played his part in this deal, I'm sure he's done the best deal he could do for Leeds United and I think the deal is all but done.

"I don't know the ins and outs on the finances but I do know that this does give all Leeds United fans the opportunity to dare to dream."

The Leeds United Supporters' Trust said in a statement in May that it had spoken to two groups who were interested in buying the club.

Bates purchased Leeds, who finished 14th in the Championship last season, following a buy-out from former owners FSF Limited, but fans have voiced concerns over the side's future.

Last edited by The taste of syphillis; 30-06-2012 at 10:04 AM.
 
Unread 30-06-2012, 09:28 AM
magic_cantona
 
Thumbs down

 
Unread 30-06-2012, 09:28 AM
rogieop
 
Default

Not even arsed anymore.

Been said before

"of all the billionaires in the world, we had to get the ones without a pot to piss in"

:shakehead:
 
Unread 30-06-2012, 09:41 AM
wonky no
 
Default

ah well
 
Unread 30-06-2012, 09:58 AM
magic_cantona
 
Default

I'm just hoping it's Middle East Yorkshire tbh.
 
Unread 30-06-2012, 10:02 AM
thatsfuctit
 
Default

they announced they had gone into due diligence on tuesday, Chairman Ken said they had the funds and would pass the legendary fit and proper persons test unlike the other approaches they 'had to endure'

They don't actually own the ground though do they, doesn't some fella off strictly kosher own it?
 
Unread 30-06-2012, 10:05 AM
The taste of syphillis
 
Default

Quote:
Originally Posted by thatsfuctit

They don't actually own the ground though do they, doesn't some fella off strictly kosher own it?
Neither do the berties
 
Unread 30-06-2012, 10:13 AM
thatsfuctit
 
Default

Quote:
Originally Posted by The taste of syphillis
Neither do the berties
true, but we know who owns the berts ground, supposedly even bates doesn't know who owns bellend road, which he relayed to a commons select committee.


I can understand why they would be attractive to someone with the money as long as Bates's expectations money wise weren't off the scale
 
Unread 30-06-2012, 10:25 AM
Tumescent Throb
 
Default

surely this new trend is perfect for the glazers though? the gravy train just gets faster and faster.
 
Unread 30-06-2012, 10:30 AM
The taste of syphillis
 
Default

Fair comment fuckers but what I cant understand is whats the attraction as they cant say that shitole is a presentable PL ground if they get there?
Surely those who play at the Sports Direct Arena are a one team town potential fan base etc
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