Leeds United takeover move (From York Press)

Leeds United takeover move

10:21am Wednesday 27th June 2012 in Leeds United

Leeds United have moved a step closer to a takeover after granting a due diligence period to a potential investor.

The Leeds United Supporters Trust confirmed at the end of May that the npower Championship club was in talks with two interested parties regarding a possible takeover at Elland Road.

It appears those negotiations have progressed, with the club confirming it has granted permission to an unnamed group of potential investors to conduct due diligence.

A statement on the club’s official website read: “Further to our previous statement of May 29, Leeds United can confirm they have granted an exclusivity period to enable a potential investor to carry out the appropriate due diligence.

“It is anticipated this will be a fairly straightforward process.”