"Leeds to be sold again next week" -Castles
To Ell and Back 24/2/13
Sunday Times journalist Duncan Castle's reckons the club will be sold again next week to a consortium consisting of former whites' director Adam Pearson and Saudi Arab investors.
Castles writes today "THE Leeds United manager Neil Warnock could soon find himself working for a third set of owners in one season. The Championship club are close to being taken over for the second time in a little over two months after a round of negotiations between the current owners, Gulf Finance House, and a consortium fronted by the former Hull City chairman Adam Pearson. According to sources, a Share Purchase Agreement was drawn up between the two parties last week in preparation for a scheduled completion meeting."
Castles believes Leeds could be under new ownership again as early as next week!
However I understand GFH Capital, Leeds current new owners have described the story as "100% incorrect" and are consulting their lawyers.
It has not been an easy nine weeks or so for GFH since they seized control of the club from Ken Bates. Although two of their directors Salem Patel and David Haigh went on a fans charm-offensive largely instigated on twitter, cracks soon appeared.
The decision to retain Bates as Chairman and appoint him as honorary President was heavily criticised by many supporters who campaigned for Bates to sell the club. Questions were also raised as to whether or not GFH had the funds to move the club forward as our moves in the January transfer market were largely funded by the sale of Luciano Becchio to Norwich.
I honestly feel that GFH both under-estimated the size of the task and the collective anxiety of the fans, who's expectations demand a return to the Premiership.
I think Adam Pearson, who has publicly spoken about wanting to invest in Leeds would be welcomed by many, myself included as he is a proven winner and experienced football man not a grey suited banker working between Beeston and Bahrain looking utterly ridiculous draped in bright white scarves!
If GFH do "flip" and make themselves a nice little earner, it would be one in the eye for Bates too!
Although it is likely they will dismiss Castles story, it is no secret GFH seek and need other investors on board and everything has its price. Although they have turned-down a bid from a consortium believed to be fronted by Pearson I wouldn't be surprised if he came back with another offer following his very public comments three weeks ago.
Sunday Times journalist Duncan Castle's reckons the club will be sold again next week to a consortium consisting of former whites' director Adam Pearson and Saudi Arab investors.
Castles writes today "THE Leeds United manager Neil Warnock could soon find himself working for a third set of owners in one season. The Championship club are close to being taken over for the second time in a little over two months after a round of negotiations between the current owners, Gulf Finance House, and a consortium fronted by the former Hull City chairman Adam Pearson. According to sources, a Share Purchase Agreement was drawn up between the two parties last week in preparation for a scheduled completion meeting."
Castles believes Leeds could be under new ownership again as early as next week!
However I understand GFH Capital, Leeds current new owners have described the story as "100% incorrect" and are consulting their lawyers.
It has not been an easy nine weeks or so for GFH since they seized control of the club from Ken Bates. Although two of their directors Salem Patel and David Haigh went on a fans charm-offensive largely instigated on twitter, cracks soon appeared.
The decision to retain Bates as Chairman and appoint him as honorary President was heavily criticised by many supporters who campaigned for Bates to sell the club. Questions were also raised as to whether or not GFH had the funds to move the club forward as our moves in the January transfer market were largely funded by the sale of Luciano Becchio to Norwich.
I honestly feel that GFH both under-estimated the size of the task and the collective anxiety of the fans, who's expectations demand a return to the Premiership.
I think Adam Pearson, who has publicly spoken about wanting to invest in Leeds would be welcomed by many, myself included as he is a proven winner and experienced football man not a grey suited banker working between Beeston and Bahrain looking utterly ridiculous draped in bright white scarves!
If GFH do "flip" and make themselves a nice little earner, it would be one in the eye for Bates too!
Although it is likely they will dismiss Castles story, it is no secret GFH seek and need other investors on board and everything has its price. Although they have turned-down a bid from a consortium believed to be fronted by Pearson I wouldn't be surprised if he came back with another offer following his very public comments three weeks ago.
