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SBD Global/February 6, 2014/Franchises
Consortium Led By Andrew Flowers Pulls Out Of Takeover Bid For Leeds United
Published February 6, 2014
ON LOAN: In London, Andrew Bounds reported Leeds took a £1.5M ($2.5M) loan from Cellino as he finalized "a prospective takeover of the championship club last week. The revelation that GFH Capital accepted the loan "will add to questions over the club’s financial state." Leeds Managing Dir David Haigh has loaned about £2M personally since its '12 takeover. A person with knowledge of the situation said that Cellino "is still the favoured bidder, with the deal expected to complete this month" (FINANCIAL TIMES, 2/5).