Andrew Flowers, one of the men backing the forthcoming takeover of Leeds United, spoke for the first time last night to confirm his involvement and promise that transfer funds were in place for manager Brian McDermott.
As revealed by the YEP last month, Flowers – the managing director of United’s shirt sponsor, Enterprise Insurance – is one of four men behind the planned purchase of a 75 per cent stake in Leeds.
The deal, which still requires Football League approval and is also backed by current Leeds managing director David Haigh, will officially end the 12-month ownership reign of GFH Capital, the Dubai-based firm which bought United from Ken Bates in December 2012.
A statement released by the club last night said the consortium – operating under the name Sport Capital, a British company established by Haigh in October – had been “funding the club during the transactional period”, a remark which suggests that GFH Capital’s active involvement in running Leeds has already diminished significantly.
The four members of Sport Capital, two of whom remain unnamed, are understood to have invested some £6m in the club already.
Flowers, a lifelong Leeds fans who negotiated Enterprise Insurance’s sponsorship of United in 2011 and renewed the deal last year, said: “I’m delighted to confirm that I am part of the consortium that will be acquiring the major shareholding in the club.
“As a lifelong Leeds United fan and a businessman, I can assure other fans that while the process is being finalised, we have been working hard to ensure that due diligence was completed as quickly as possible, and that there are funds in place ahead of completion to support the manager during the opening weeks of the January transfer window.”
Haigh added: “We are working closely with the Football League regarding the necessary documentation, and we will do our best to keep fans fully informed.” WHAT DO YOU THINK? Click here to register and have your say on the stories and issues that matter to you