Leeds United takeover moves closer after deal to land Elland Road club agreed
Friday 28 September 2012 22:09, UK
The proposed takeover of Leeds United has moved a step closer after the group looking to buy the Whites confirmed they have signed a deal to arrange the purchase of the club.
The Gulf Daily News quoted a Bahraini source close to the takeover as saying: "This deal is a great one. It is a great investment as this is one of the six most popular teams in the country. "As it is now, the football club has no debt. The only thing that they owe is for a lease, but that is not a big deal. "Last year I believe that the club made £4 million to £5m and as a brand name they are almost at the same level as Premier League teams. "If they do get into the Premier League, it will make the investment that much better." Any takeover of Leeds would end Bates' seven-year reign which has been dogged by supporter unrest. Protests have regularly been staged against the former Chelsea owner for a perceived lack of investment.
