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– last updated Fri 16 Nov 2012
The seemingly never-ending saga of the Leeds United takeover could almost be over!
Yesterday United confirmed they have finally come to an agreement with Gulf-based GFH Capital. And today the Football League will be looking to ratify the relevant documents it has been sent. It has been six long months since the Bahrain investment bank was first revealed as a prospective buyer. Their bid has been headed by David Haigh, a Leeds fan, who despite the delay, AND rumours that the bank lacked the funding to see it through, has remained bullish that a deal WOULD be done.
Even at the weekend there was speculation that it was on the rocks, and suggestions that a group from Saudi Arabia and a wealthy American were in the wings ready to step in.
The news will signal an end to owner Ken Bates’ controversial seven years in charge at Elland Road, and will come as a relief to Leeds fans, who’d blamed him for a lack of investment in the playing side of the club. It will also be a relief to manager Neil Warnock, who should now get some funds to improve a side that’s slumped to 18th in the Championship, after failing to win any of its last six league games.
