Leeds United Football Club - Board Refutes Takeover Rumours
The board of Leeds United have responded to media reports that the club may be subject to another takeover.
A report in The Sunday Times claimed that Iraqi businessman Nadhmi Auchi was preparing a bid to buy out the current administration with plans to move the club from Elland Road into a purpose-built stadium.
The Sunday Times (12/09/04) carried an article stating that Mr Nadhmi Auchi has been involved in negotiations to purchase Leeds United Football Club.
The Club can confirm that no such negotiations to buy the Club have taken place with Mr Auchi.
"The board of directors at Leeds United are frustrated that another takeover-based story has appeared in the media without foundation, which only creates uncertainty at a time when they are working to establish a solid foundation for future success at the club.
"As has been previously stated, the club is committed to staying at Elland Road and will continue to examine all opportunities open to them, both in terms of developing the site at Elland Road, around the football stadium, or any investment interest.
"The board remain committed to taking the club forward."
The board of Leeds United have responded to media reports that the club may be subject to another takeover.
A report in The Sunday Times claimed that Iraqi businessman Nadhmi Auchi was preparing a bid to buy out the current administration with plans to move the club from Elland Road into a purpose-built stadium.
The Sunday Times (12/09/04) carried an article stating that Mr Nadhmi Auchi has been involved in negotiations to purchase Leeds United Football Club.
The Club can confirm that no such negotiations to buy the Club have taken place with Mr Auchi.
"The board of directors at Leeds United are frustrated that another takeover-based story has appeared in the media without foundation, which only creates uncertainty at a time when they are working to establish a solid foundation for future success at the club.
"As has been previously stated, the club is committed to staying at Elland Road and will continue to examine all opportunities open to them, both in terms of developing the site at Elland Road, around the football stadium, or any investment interest.
"The board remain committed to taking the club forward."
