The company who are proposing to take over Leeds say they have almost completed negotiations with the club.
The investment bank Gulf Finance House (GFH), who are based in Bahrain, say they are hopeful they will seal the deal within three weeks.
David Haigh, GFH Capital’s deputy chief executive officer and chief operating officer has explained the current state of the process to the Sun. He described the club as “a young Pamela Anderson”, saying, “It’s in great shape with superb assets and a great future ahead of her.”
“Like any big acquisition we have to be thorough and that’s the process we’re going through right now. We’re almost there and, hopefully, within three weeks it could be done . We are working incredibly hard to get the deal done but there are procedures and rules which must be followed.”
GFH started negotiations with Leeds chairman Ken Bates in June. The chief executive of GFH, Hisham Alrayes said: “We are excited by our intentions for Leeds United and remain fully focused on the specifics of this deal, hoping to conclude a positive outcome as soon as possible.”
In an official statement from GFH, they make it clear that taking Leeds from the Championship back into the Premier League is a priority for them, saying they want to do this “as quickly as possible.”
Last month, the Leeds United Supporters Trust welcomed news of a possible takeover at Elland Road.
