Leeds confirm talks with potential investors
Tuesday 29 May 2012
Leeds have confirmed they are in talks with an unnamed group of potential investors.
Speculation has been mounting since the weekend that the club could be the subject of a possible takeover, while it is understood discussions took place in Leeds last week.
A club statement read: "Further to media reports on Tuesday morning, the club can confirm that talks are taking place regarding investment for the long-term future.
"The club has always publicly stated that it would welcome potential investment, but has maintained a belief whereby the quality of the investor is the most important factor in terms of the long-term development of Leeds United.
"No further comment will be made at this stage."
Canada-based Maple Leaf Sports and Entertainment (MLSE), owners of NHL ice hockey franchise Toronto Maple Leafs, have been mentioned on internet fans' forums, but it has been reported the company have denied any involvement in last week's meetings.
Leeds United Supporters Trust also commented on the talks.
A statement on LUST's website read: "We are aware of firm interest from a number of parties looking to buy Leeds United... We understand that Leeds United are in talks with at least two separate groups. We also understand there is one firm bid on the table at present.
"In February we responded to [chairman] Ken Bates' suggestion that we 'put our money where our mouth is' by asking any potential investors, who shared the aims and ambitions of our members and of our Vision Statement, to contact the Trust with a view to working together to take Mr Bates up on his offer.
"We developed a presentation so interested parties could see how working with LUST could help them and have been in contact with a number of people to explore ways of bringing about change for the better at Elland Road.
"As part of this ongoing work we have spoken to two groups who are interested in buying Leeds United. At this stage it is not possible for us to go into details about our conversations with these groups, as with a firm offer on the table we would not want to jeopardise any current negotiations."
Latest in Sport
Arsenal vs Manchester City: With Arsene Wenger missing a number of key players, who could start the Community Shield clash?
Malaysian cyclist could face disciplinary action after 'Save Gaza' gloves protest
Chelsea transfer news: Didier Drogba returns to Stamford Bridge on one-year deal
Liverpool transfer news: Reds 'in talks' to sign Benfica winger Nicolas Gaitan as summer spending threatens to exceed £100m
Manchester United: Five things we've learned so far about Louis van Gaal, including his ability to accommodate Juan Mata, Robin van Persie and Wayne Rooney
- 1 Crash victims in car flattened by shipping container emerge with just minor injuries
- 2 Students offered grants if they tweet pro-Israeli propaganda
- 3 Satellite full of sexually experimental geckos adrift in space, Russia loses control of mission
- 4 Exclusive: Cameron’s Big Society in tatters as charity watchdog launches investigation into claims of Government funding misuse
- 5 Joey Barton and Yossi Benayoun become involved in Twitter row over Israel-Gaza conflict
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
A day in the life of Vladimir Putin: The dictator in his labyrinth
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains