Brian McDermott promised transfer funds as Leeds United takeover nears
Guardian 7/1/14
Sport Capital is on the verge of acquiring a minimum 75% stakeholding and counts among its number Andrew Flowers, the managing director of the club's main sponsor, Enterprise Insurance, and a lifelong Leeds fan. The club's managing director, David Haigh, is also part of the group.
"I'm delighted to confirm that I am part of the consortium that will be acquiring the major shareholding in the club," said Flowers in a statement. "As a lifelong Leeds United fan and as a businessman, I can assure other fans, that while the process is being finalised, we have been working hard to ensure that our due diligence was completed as quickly as possible and that there are funds in place ahead of completion to support the manager during the opening weeks of the January transfer window."
Haigh suggested that arrivals could be imminent. "We have ensured that there are funds in place for the January transfer window and we are working closely with Brian McDermott regarding his plans. Hopefully, we will all see some of this work come to fruition in the coming days."
Sport Capital, who have already put some £6m into the club over the past three months, will continue to provide funds until their formal takeover is complete. "Completion is something we have been working very hard to achieve," said Haigh. "We're now past the holiday periods of Christmas and New Year and we're looking forward to completing shortly. We are working closely with the Football League regarding the necessary documentation, and we will do our best to keep fans fully informed. I'd like to take this opportunity to thank the fans for their continued support."
- Leeds confirm identity of consortium members
- Sport Capital says 'funds in place for the transfer window'
Sport Capital is on the verge of acquiring a minimum 75% stakeholding and counts among its number Andrew Flowers, the managing director of the club's main sponsor, Enterprise Insurance, and a lifelong Leeds fan. The club's managing director, David Haigh, is also part of the group.
"I'm delighted to confirm that I am part of the consortium that will be acquiring the major shareholding in the club," said Flowers in a statement. "As a lifelong Leeds United fan and as a businessman, I can assure other fans, that while the process is being finalised, we have been working hard to ensure that our due diligence was completed as quickly as possible and that there are funds in place ahead of completion to support the manager during the opening weeks of the January transfer window."
Haigh suggested that arrivals could be imminent. "We have ensured that there are funds in place for the January transfer window and we are working closely with Brian McDermott regarding his plans. Hopefully, we will all see some of this work come to fruition in the coming days."
Sport Capital, who have already put some £6m into the club over the past three months, will continue to provide funds until their formal takeover is complete. "Completion is something we have been working very hard to achieve," said Haigh. "We're now past the holiday periods of Christmas and New Year and we're looking forward to completing shortly. We are working closely with the Football League regarding the necessary documentation, and we will do our best to keep fans fully informed. I'd like to take this opportunity to thank the fans for their continued support."