For the first time Leeds owner Ken Bates has revealed details on proposed investment in the club and who they are in talks with adding that negotiations are at an advanced stage. The club originally said they were in exclusive discussions with unnamed investors in June but since then little has happened to appease fans who have grown increasingly disgruntled. All the club had said prior to today was that the exclusivity period was over and that talks remained ongoing, but in a statement released this afternoon, Bates confirmed that he has been negotiating with a banking institution who are a limited company and have interests across the Gulf, Asia and Africa. Four of their representatives from Bahrain were present at Elland Road today ahead of Leeds' clash with Nottingham Forest today.
It still remains unclear whether or not the investors will be completing a full takeover of the club that Bates took control of in 2004, but the current school of thought is that the former Chelsea owner will remain with Leeds in some capacity.