Championship side Leeds United is "attracting interest from a consortium in China" that could be about to launch a bid to take over at Elland Road, according to the YORKSHIRE EVENING POST. The consortium of entrepreneurs and a private equity group has been assembled by Harrogate-born Leeds United fan Steve Tappin, who is the CEO and founder of consultancy firm Xinfu. Tappin, who is also the presenter of the CEO Guru series on BBC World, "has been holding talks in Beijing this week," and has been reported as saying that "there is definite interest in buying Leeds." The bid for United is "likely to include working capital" and could involve a payment for the club of more than £100M ($132.4M). Leeds United Chair Massimo Cellino has "previously said he will sell the club if receiving the right offer" (YORKSHIRE EVENING POST, 7/29). CHINA DAILY reported the consortium is "believed to consist of leading but as yet unnamed Chinese entrepreneurs as well as a private equity group." Tappin "declined to comment on the details of the potential offer." He said, "I have had a series of meetings with related parties all this week, and there is definite interest in buying Leeds, but I want to ensure it would be with long-term investment, significant working capital and the right governance so it can be a stable platform for sustainable Premier League success" (CHINA DAILY, 7/29).
