Leeds in takeover talks

Leeds United today confirmed to the British Stock Exchange they are in discussions with a number of interested parties about a possible takeover.

Leeds today confirmed to the British Stock Exchange they are in discussions with a number of interested parties about a possible takeover.

The club are currently around £80m (€114.3m) in debt and recently reached a ‘standstill’ agreement with creditors to stave off the immediate threat of administration.

Sheikh Abdulrahman Al-Khalifa has been linked with making an offer for the club which released a statement this morning which read: “The Board of Leeds United PLC confirms that it is currently in discussions with a number of interested parties which are at a very early stage and may or may not lead to an offer being made for the company.

“The board, which is being advised by KBC Peel Hunt, will issue further statements when it is appropriate to do so.”