Leeds takeover collapses, say Supporters Trust

The proposed takeover of Leeds has collapsed, according to the Leeds United Supporters Trust.

Leeds confirmed on June 26 that an unnamed group of investors, believed to be from the Middle East, had been granted due diligence and it was widely expected a takeover deal would be reached soon after.

But there has since been no further information or updates from either the club or the proposed new owners and Leeds fans have grown increasingly cynical about the chances of a deal being struck.

LUST issued the following statement on Twitter: “The Leeds United Supporters Trust can confirm that the deal to buy the club has now collapsed.

“We will be making a more detailed statement later on [Thursday] once we have had the chance to establish more.”

It is understood concerns about the takeover emerged on Wednesday when Leeds chief executive Shaun Harvey flew out to Monaco to meet with chairman Ken Bates in an effort to push the deal towards a conclusion.

More in this Section

Mourinho's manners: How did the Manchester United manager behave in the Manchester derby?

Did Chelsea lose to West Ham because Antonio Conte was wearing a hoodie?

Two all Premier League clashes in EFL Cup quarter-final draw

Mike Dean sniffing his fellow match official was surely the highlight of the Manchester derby

Today's Stories

Jose Mourinho over ‘crisis’ but a long way to go

Johnny Sexton: My miss was making of Joe Schmidt’s Ireland

Relaxed O’Donovan brothers too busy for pressure

Rory McIlroy eyes special double in Shanghai


Your guide to the best Samhain- themed events this Halloween

Florence Newton - the woman at the centre of one of Ireland’s greatest witch trials

Sarah Maas ascends her Throne of Glass with new book

Album Review: Planxty - Between the Jigs and the Reels

More From The Irish Examiner