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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).