BusinessBusiness RecoveryConsortium lined up for Leeds takeover

Consortium lined up for Leeds takeover

Leeds United's long-standing financial problems could be eased by early next week with news that a consortium is in place to take over the Yorkshire club

Link: No more extensions for Leeds United

Reports suggest that the consortium is very close to a deal after two months of complex negotiations.

Leeds, bottom of the Premiership, are thought to have debts of over £100m.

The consortium is thought to be Yorkshire-based and has been advised by former Bradford City chairman, Geoffrey Richmond.

The club has been seeking to stave off administration for the past few months. A deal is thought to be close because one of the club’s creditors has apparently grown frustrated at the lack of progress being made.

A deal could be in place before Leeds play Manchester City on 22 March.

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