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.

Email Updates

Receive our lunchtime briefing straight to your inbox

More in this Section

Neil Taylor handed two-game ban for leg-breaking tackle on Seamus Coleman

Rugby Players Ireland CEO to leave role

Serena Williams revealed pregnancy news by accident

Pádraig Harrington on McIlroy's wedding: 'Literally the first person I met was Sergio Garcia'


Today's Stories

Rassie Erasmus: I’m sorry we could not reward our fantastic support

Talk of unbeaten record 'was very hard to get away from' admits Dublin defender

Hard work and sacrifice pays off for marathon man Sean Hehir

Sergio Garcia was the first person Pádraig Harrington at Rory McIlroy's wedding

Lifestyle

Four events to check out at the Cork International Choral Festival today

Forget quick fixes as bikini season beckons

Take a load off: Two people tell their individual weight loss journeys

All the president's children: What have the offspring of US presidents been getting up to?

More From The Irish Examiner