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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.”