Leeds shares soar after Gulf royal says he might buy club

SHARES in debt-ridden Leeds United have soared after a member of Bahrain’s royal family said he might bid for the club whose fortunes have slumped both on and off the pitch.

Leeds United shares rose as much as 34% to 5.375 pence yesterday morning after Sheikh Abdulrahman Al-Khalifa, widely reported to be a supporter of the club, said he was exploring ways to help Leeds and might make an offer.

A Leeds United spokesman told said yesterday that the company had not received any bid approach, and the stock later lost some of its earlier gains to trade up 18.75% at 4.75 pence.