American group stalls Leeds sale
Leeds United's takeover has taken a new twist.
The Daily Star Sunday says Middle East company GFH Capital are facing more frustration as they bid to seal their £52million buy-out of Leeds.
The Bahrain investment firm believed they were close to completing a takeover of the Yorkshire outfit after talks with United owner Ken Bates last week.
But now they are in a fight to see off potential challenges in their bid to seize control of the Championship club by buying up Bates' 72.85 per cent stake.
The sale has stalled because would-be buyers from Saudi Arabia and the United States are poised.
Now there is a very real prospect of counter offers surfacing following the appearance of American investors in the Elland Road directors' box at the Championship clash with Yorkshire rivals Hull 12 days ago.