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

League talking points: Dynamic Donegal; Roscommon’s work-ethic; Kerry’s support acts

Michael Owen is mad as hell and he's not going to take it any more

Watch Robbie Keane and Steven Gerrard prank LA Galaxy teammate Dos Santos

Rhys Ruddock hails Ireland strength in depth to secure draw against Wales


You might also like

Today's Stories

Shane Lowry laps it up in Phoenix as 600,000 fans put on the pressure

More to matching Cats than just muscle

Roy Keane tells Man United boo-boys to get behind team

Time running out for Keith Earls as battle with France nears

Lifestyle

How engaged are the Irish abroad in the upcoming general election

MAKING CENTS: Focus on the rate when shopping for a mortgage

Chinese New Year: In the year of the monkey

More From The Irish Examiner