Investors at Elland Road for game

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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.

Fifth bid made for Portsmouth

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A fifth formal bid has been made for Portsmouth by Portco Ltd., a group of UK investors fronted by Scottish businessman Harry Kerr.    Kerr is the director of a successful financial services company called Avalon and is a fan of Hibernian and Arsenal.

The group has produced proof of funds.  It is believed that they are interested in the ‘sleeping giant’ potential of the club and the possibility of redeveloping Fratton Park.   That is, however, linked with 10 acres of car park and office space to the north and west of the stadium.

Celtic relaxed about loss and debt

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Celtic are relaxed about a small profit turning into a loss of more than £7m and debt increasing by £2m.

The club’s preliminary results for the year ending 30 June showed a decline in turnover to £51,34m, an increase in operating expenses of £1.93m and an overall loss of £7.37m.   The level of debt has risen from £0.53m in June 2011 to £2.77m in June 2012.

Sisu defend their actions at Sky Blues

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Controversial Coventry City owners Sisu have committed to the club for the next three years, a fans’ forum was told last night.  Sisu have now pumped £42 million in to the club – £35 million of which they have written off as equity.   Former director and front man Onye Igwe has left the board and Sisu altogether.