The long running saga that is the takeover of Leeds United could finally be coming to a conclusion.
Leeds United and GFH Capital have issued a joint statement stating that the deal is now almost complete with the money in place.
In the statement issued on the Official website today, chairman Ken Bates said, It’s been a long road but we are in a good place.
“Both sides have been in talks over the last few days to finalise this deal. We are keeping focused and hope to complete very soon.”
GFH Capital, Chief Executive David Haigh they are just now working on the fine details of the deal, having announced last month that they had signed an exclusivity deal with the club.
Haigh said, ‘With the money in place, we are poised to make this deal happen pending agreements and arrangements which are in the interests of the future of Leeds United – we need to make sure all the finer detail is addressed before trading signatures.
“Despite what has been said recently in media, both sides continue to talk regularly and continue to work hard to get the job done.’
There had been concerns raised recently that the deal could not go through because Shari`ah law but GFH Capital director and chief investment officer Salem Patel says the law will not hinder the transaction. ‘We understand there is some concern related to how Leeds United would be run under our stewardship.
“It remains important to be clear that Shari’ah law will not hinder this transaction nor will it affect the future operations of the club. Our intention is to provide investment which will facilitate a successful and sustainable future for Leeds United on and off the pitch,’ said Patel.
The takeover saga is close to moving into a six month after the club first broke the news on May 29th.
Leeds boss Neil Warnock will be desperate for the deal to be concluded before the transfer window opens in January.
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