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Leeds United takeover timeline: May to November

Elland Road.

Elland Road.

Check out our Leeds United takover timeline stretching back to May 2012.

MAY 24: Group of Americans are shown around Elland Road and Thorp Arch with a view to investing. News of this prompts Middle East consortium to express interest in buying club.

MAY 26: Neil Warnock departs on holiday frustrated by the shortage of transfer funds.

MAY 29: United confirm talks with potential investors are underway.

Leeds say: “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” Sources reveal that the American group haver strong links to Chicago.

JUNE 26: After a month of silence, Leeds announce that “a potential invesator” is performing due diligence on accounts. The party is a group from the Middle East.

JUNE 29: Two legal sources with knowledge of due diligence tell YEP that a deal is in place, requiring only the completion of formalities.

JULY 15: The Information Affairs Authority Bahrain announce that Sheikh Abdulrahman bin Mubarek Al-Khalifa, a member of the Bahrani Royal Family, “is involved ina takeover bid for the club with financial investors.” Neither Al-Khalifa nor Leeds respond to their claim.

AUGust 8: Amid speculation that proposed buy-out is in trouble, United chief executive Shaun Harvey meets with Kren Bates in a last ditch attempt to push the takeover through. Warnock, meanwhile, reveals that he must move players on before signing anymore.

AUGUST 9: Takeover is rumoured to have collapsed. Club release statment confirming that the exclusivity deal agreed has ended and they are “happy to continue discussions, but not on an exclusive basis.”

AUGUST 18: GFH Capital named as company behind takeover for first time. Firm’s deputy chief executive, David haigh, and board member Salem Patel attend home game against Wolves.

SEPTEMBER 18: US investor sits in the directors’ box for home defeat to Hull City. Reports claim that American multi-millionaire Preston Haskell is preparing to mount a takeover bid.

SEPTEMBER 22: Representatives of GFH Capital attend home in against Nottingham Forest. Bates confirms talks with a “banking institution” with interests in the Gulf, Asia and Africa. “We’re well advanced with discussions,” he says.

SEPTMEBER 27: Gulf Finance House, the parent company of GFH Capital, tells Bahrain Stock Exchange that GFH Capital has been instructed to buy Leeds City Holdings Ltd, the parent company of Leeds United/.

SEPTEMBER 28: GFH Capital employees David Haigh, Hishram Alrayes and Salem Patel confirm their intention to buy Leeds United.

OCTOBER 26: GFH Capital annd Leeds release joint statement confirming that GFH Capital has provided the “necessary proof that it has the funds available to close this transaction.” Haigh and Patel attend United’s defeat to Birmingham City before meeting with Bates.

NOVEMBER 11: Newspaper reports claim that Haskell has flown to England to submit a bid takeover bid. The YEP is also told of a Saudi Arabian bidder who plans to make himself known.

NOVEMBER 15: Leeds and GFH Capital announce deal has been sent to Football League for approval.

NOVEMBER 20: Bates and GFH Capital reahc a deal to complete a 100 per cent buyout of United, signing the ncessary paperwork at 10.30pm. The deal is announced the following morning. Click here for more details

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