Venables confirmed as new Leeds manager

Terry Venables has been confirmed as the new Leeds United manager in the London Stock Exchange.

In a statement to the Stock Exchange this morning the club said: ‘‘Leeds United Plc announces the appointment of Terry Venables to the position of manager with immediate effect.

‘‘He has today signed an initial two-year contract.

‘‘Terry Venables has almost unrivalled football management experience, including spells at Tottenham Hotspur, Barcelona, England and Australia.

‘‘In making this announcement Leeds United would like to place on record their thanks to ITV for releasing Terry from his existing Premiership and Champions League contract.’’

Venables is expected to be publicly unveiled at a press conference at Elland Road on Wednesday.