Potential investors in Leeds United were present at Elland Road yesterday for the 2-1 victory over Nottingham Forest. Four representatives from Bahrain were at the game. The investors are a banking institution with interests across the Gulf, Africa and Asia.
It is not clear at this stage whether they intend to acquire all of the 72.85 per cent stake in the club held by Ken Bates. However, it is evident that talks have been going on for some time with London lawyers representing the investors.
Potential investors in Leeds United were present at Elland Road yesterday for the 2-1 victory over Nottingham Forest. Four representatives from Bahrain were at the game. The investors are a banking institution with interests across the Gulf, Africa and Asia.
It is not clear at this stage whether they intend to acquire all of the 72.85 per cent stake in the club held by Ken Bates. However, it is evident that talks have been going on for some time with London lawyers representing the investors.
The talks are now ”well advanced’ according to Bates. Both parties would like to have concluded the talks before the August transfer window, but Bates can be expected to drive a hard deal. It is hoped that it will be possible to reinforce the thin Leeds squad in the January transfer window.
One would expect a relatively prosperous city the size of Leeds to be represented in the Premiership, particularly given its footballing history. With new investment that may become attainable again.