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.
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.