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Leeds United in takeover talks with investors UPDATED

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  • by Phil Hay
 

Leeds United are in discussions with a group of potential investors amid rumours of an impending takeover at Elland Road.

The YEP can reveal that the Championship club held talks with the unnamed group in Leeds last week.

United are looking for investment with a major overhaul of their squad planned by manager Neil Warnock this summer.

The club missed out on the signing of Joel Ward from Portsmouth after failing to come up with the £400,000 fee and Warnock has landed only one new player since the end of the season - centre-back Jason Pearce.

But last week’s discussions appear to have been a step towards a major injection of cash in United, who are currently owned by chairman and majority shareholder Ken Bates.

Maple Leaf Sports and Entertainment (MLSE) - owners of Canadian ice hockey team Toronto Maple Leafs - have been linked with a bid for United but the firm have denied any involvement in last week’s talks.

A spokesman for Leeds United said: “Further to media reports on Tuesday morning, the club can confirm that talks are taking place regarding investment for the long-term future.

“The club has always publicly stated that it would welcome potential investment, but has maintained a belief whereby the quality of the investor is the most important factor in terms of the long-term development of Leeds United.

“No further comment will be made at this stage.”

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