Leeds demand proof of funding for deal

Leeds United’s board have asked for proof of funding after considering a £25m (€36m) takeover deal headed by Sebastian Sainsbury.

The Leeds board met this afternoon to discuss a proposed deal led by Sainsbury and including leading officials of Nova Financial Partners.

But afterwards current Leeds chairman Gerald Krasner issued a statement to confirm that no done has been done.

“The board of Leeds United confirms that a number of discussions are continuing with various parties, and at this stage no agreement has been signed,” said Krasner.

“We have always insisted that any interested party must be able to confirm that the necessary funds are available in order to complete any transaction.

“Despite much press speculation, as we stand now, no party has met our conditions.”