BusinessBusiness RecoveryConsortium considers £30m Leeds rescue plan

Consortium considers £30m Leeds rescue plan

The fight for control at embattled premiership football club Leeds United took another turn yesterday as a second consortium said it was willing to invest fresh money in the club.

Link: Creditors grant Leeds fifth extension

A consortium of Yorkshire businessmen have mooted the idea of investing £30m in the club, and are being advised by corporate finance house, Zeus Capital.

Richard Hughes, co-founder of Zeus Capital told the Financial Times: ‘We’ve been appointed by a number of high net-worth individuals who care about the future of Leeds and want to put a credible alternative to the board and the club’s fans.’

Under the terms of the proposed deal Trevor Birch, the current CEO and former Ernst & Young business recovery partner, would retain his post.

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