The protracted second takeover in a year of Leeds United looks as if it will be made official today, according to a story carried by Reuters.
According to the news agency, Bahrain-based investment firm Gulf Finance House (GFH) has agreed a partial sale of its stake in English football club Leeds United The firm said in a statement on Wednesday that the sale was agreed with British investors, whose details the firm did not specify in a bourse statement. The investment firm did not provide details on the stake value or the size of the stake sold.
No confirmation was made of the necessary Football League approval, though it would be highly unusual for the above announcement to be made if that were not now a foregone conclusion, and further developments on this front might well be expected later today.
Leeds United meet Championship leaders Leicester City on Saturday, fresh from a dismal run of results after several poor performances. The club has been linked heavily with Reading’s want-away striker Adam le Fondre this week, as well as free transfer prospect Luke Moore, formerly of Swansea and Aston Villa.
Despite securing the loan signings of Cameron Stewart and Jimmy Kebe last week, Leeds suffered an embarrassing 6-0 defeat to local rivals Sheffield Wednesday in a televised game on Saturday. The TV cameras will again be present for the Leicester City clash.
It remains to be seen whether any completed takeover will loosen the Elland Road purse-strings for more team strengthening. Boss Brian McDermott had ruled our further incomings ahead of the Foxes match, but that has not stopped intense speculation surrounding Moore and le Fondre. It may well be that other names will now be put forward, but McDermott likes to have business completed before making any comment.
Leeds United stand 11th in the Championship, only a few points outside of the play-off zone.