Crystal Palace CEO Eyes U.S. Market O2 Still Reaping Benefits From RWC O2 Devises New Wear The Rose Activity CGE Seeking First Brand Sponsor CSL Spent More Than European Elite EPL Clubs Will Get Cash Boost Liverpool Owners Risk Supporters' Wrath Rangers Chair Hits Out At Sports Direct Racquet Market To Have CAGR Of 2.32% Alibaba Aims To Change Chinese Market
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
SBD Global/December 13, 2012/Finance
Bahrain-Based Bank Nears Completion Of Leeds United Takeover
Published December 13, 2012
GROWING CONCERN: In London, Charles Sale reported "doubts about the proposed takeover" of Leeds United by GFH Capital will "grow after a scheduled payment date was missed." The Middle East investors, whose "fit-and-proper-persons test by the Football League for club owners and directors is ‘ongoing,’ failed to transfer a tranche of money to Leeds last week." This will "only add to supporters’ concern about the lack of transparency" concerning the purchase of the 49% shareholding of 81-year-old Owner Ken Bates, who is "due to stay on as chairman until the end of the season before becoming club president" (DAILY MAIL, 12/11).