The Leeds United Supporters Trust (LUST) has welcomed news that a Middle-Eastern investment bank has confirmed it is leading a takeover of the club.
Bahrain-based Gulf Finance House (GFH) confirmed on Thursday that one of their subsidiaries, GFH Capital, had signed an exclusive agreement to lead and arrange the purchase of the club's parent company, Leeds City Holdings.
LUST chairman Gary Cooper said: "This is great news. The Trust has been calling for the potential buyer and the club to say something and this is what we've all been waiting to hear.
"It's been a long, long summer for Leeds fans who have heard very little. We knew these talks were going on and with neither side willing to say anything it's been frustrating.
"So we're really pleased GFH have finally come out and said something. It appears now that this deal is close to being completed.
"We always understood that this was going to be a takeover and we all hope now that the new owners share our ambitions for the club.
"We're hoping for investment in the team and for Leeds United to be glorious again.
"These people are first and foremost businessmen, hopefully sharing our vision, but expecting a return on their investment and the Premier League offers vast riches if the club can get it right on and off the field."