Consortium pull out of Leeds talks

A second Yorkshire-based consortium has decided not to make a takeover bid for cash-strapped Leeds United.

The group, fronted by former Huddersfield chairman Terry Fisher, has pulled out of the running after a two-week spell looking into the possibility of striking a deal.

Corporate finance experts Zeus Capital, who had been putting together the consortium's proposal, released a statement through director Richard Hughes.

Hughes said: "Following our financial investigations we have reluctantly concluded that the consortium advised by Zeus Capital Ltd will not be making a proposal regarding Leeds United Football Club."