Leeds United Buy Out Close as Funds are in Place

GFH Capital, the finance house in talks to buy Leeds United Football Club, have provided the proof that they have the funds in place to complete the deal, according to club sources.

In a joint statement released today by GFH Capital Leeds United, 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.”

Mr Bates then went on to criticise the media over inaccurate reports of the deal.

David Haigh, the deputy chief executive of GFH added, “With the money in place we are poised to make this deal happen pending agreements which are in the interests of the future of Leeds United – we need to make sure all the finer detail is addresses before trading signatures.”