Bollocks to that, whilst Bates has any role at the club I can't see me going back.
Sent from my iPad On 21 Nov 2012, at 10:39, "Ted" <[email protected]> wrote: > Dubai-based investment bank, GFH Capital Limited has today signed the deal > for the acquisition of Leeds United Football Club. > > The signing of this deal marks the start of a one-month transitional period > in terms of full change in ownership and control of the club. Following > Football League approval, GFH Capital Limited will be 100% shareholders. > The deal sees GFH Capital Limited, which has financially supported the club > since entering into an exclusivity period, injecting further funds for > working capital and to support Neil Warnock's intentions to strengthen the > team. > GFH Capital executive David Haigh will join the board of Leeds United with > immediate effect with fellow GFH Capital executives Hisham Alrayes and > Salem Patel joining in December as the leadership of the club is further > strengthened. > Ken Bates will remain as Chairman for a transition period until the end of > the season after which point a new GFH Capital-led Chairman will take over > the position and Ken Bates will become club President. > Leeds United chairman Ken Bates said: "I can confirm we have now completed > all the negotiations with GFH Capital. We have completed the first part of > the purchase and they will be taking over 100 per cent of the club. > Meanwhile, there is a transitional period while they get to know more about > the club. > "I will continue as chairman until the end of the season when I will take > over as president and I look forward to sitting back and taking more time > off. Neil Warnock will continue as manager with more support than the > present owners have been able to give and we look forward to a smooth > transition. > "One thing I can say that has benefited from the negotiations is that this > six-month courtship has given GFH Capital the opportunity to see the > strengths and weaknesses and what needs to be supported. You can look > forward to a smoother transition than we've seen at a lot of clubs. > "I'd like to thank, on behalf of Susannah and myself, the tremendous > support we have received over the years, particularly over the last 12 to > 18 months which hasn't been easy, but has made us more determined to see > the job through." > David Haigh, Deputy CEO, GFH Capital Limited said: "After a long process of > negotiations, spanning Leeds, London, Monaco, Dubai and Bahrain, it gives > us great pride today, to have completed the deal for Leeds United. > "A brief but important transitional period now begins in terms of the > changeover of ownership: we have today injected further funds into the club > and now we look to the future and start the exciting journey to take Leeds > United FC back into a prime position in English football once again. > "From a Leeds family myself and a supporter of The Whites since childhood, > I know that football is at the very heart of the people of Leeds and the > wider community. We want to thank all the fans in UK and around the world > for their patience and support while the negotiations have been taking > place. Lets now march on together, taking the club back to the Premier > League as soon as possible. > _______________________________________________ > Leedslist mailing list > Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist > To unsubscribe, email [email protected] > > PETE CASS (1962 - 2011) Rest In Peace Mate _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] PETE CASS (1962 - 2011) Rest In Peace Mate
