Aston Villa Hires Tom Fox As CEO Crystal Palace Sports Director Resigns Most German Clubs Profiting, Study Finds BayernLB Open To Deal With Ecclestone Continental Tires Partners With FAI $150,000 Up For Grabs In HKPL AFA Appealing To EC Over FIFA Reforms Betting Operator Sportech's Profits Down Tinkler To Disperse Patinack Farm Coventry City To Return To Ricoh Arena
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
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).