Leeds United manager, Neil Warnock could soon find himself working for a third set of owners in one season. The Championship club are close to being taken over for the second time in a little over two months after a round of negotiations between the current owners, Gulf Finance House, and a consortium fronted by the former Hull City chairman Adam Pearson. According to sources, a Share Purchase Agreement was drawn up between the two parties last week in preparation for a scheduled completion meeting.
The transaction for a majority shareholding could be completed this week. Pearson, who plans to take day-to-day control after any takeover, will buy a percentage of the shares himself, but principal funding comes from a Saudi Arabian investor. The Saudi interest in Leeds is long-standing with efforts made to purchase the club before GFH gained control. A wealthy American businessman, Preston Haskell, came close to completing a deal for Leeds last year but backed out when Bates attempted to change the terms of the investment. GFH, a Bahraini bank, bought Leeds from Ken Bates in late December. Leeds United said yesterday that the club ‘continues to be interested in appropriate co-investment and have been approached by various third parties’ but would ‘not confirm or comment on the nature of any such conversations or the participants involved’. _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] MARCHING ON TOGETHER
