GFH Capital: Leeds United talks nearing a conclusion

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Sport 360 30/10/12
Eddie Taylor
Sport360° understands that GFH Capital’s proposed takeover of Leeds United Football Club is moving towards a conclusion after two days of productive talks in Monaco with current owner and chairman, Ken Bates.
David Haigh and Salem Patel travelled to the principality following Saturday’s home game against Birmingham City to try and conclude negotiations that have been ongoing since May. The pair have now travelled to West Yorkshire, where they will be attending tonight's Capital One Cup match against Premier League Southampton, as the takeover enters its final phase.
A source close to the deal confirmed to Sport360° on Tuesday morning that the deal is progressing quickly after the latest round of discussions, and that there are no foreseeable impediments to Leeds United being under new ownership well before the January transfer window opens.
The news comes on the heels of a joint statement between GFH Capital and Leeds United last Friday which acknowledged that the club is satisfied GFH Capital have the funds to complete the deal – and that £2 million has already been paid to Leeds.
Leeds United currently lie in 11th place in the NPower Championship but have stuttered of late, collecting just two points from their last three league games, including a tame 1-0 defeat in the home game against Birmingham at the weekend.
In the aftermath of the game, manager Neil Warnock repeated his desire to introduce three quality players to turn his squad into genuine promotion contenders, and suggested that a fresh injection of funds was essential for this to happen.
It seems his patience, and that of the long-suffering fans who have long called for change at Elland Road, might now be rewarded.

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