It looks like a takeover of Leeds United is a step closer as earlier today a Dubai based investment bank announced they'd signed an exclusive agreement to arrange the acquisition of the club.
The news was welcomed by the Leeds United Supporters Trust, who've been campaigning vigorously against the current Chairman Ken Bates. John Shires reports.
Dubai based investment bank GFH confirmed earlier today in a letter to the Bahrain Stock Exchange that they'd signed an exclusive agreement to arrange the acquisition of the club.
It follows Leeds chairman Ken Bates' admission he was in talks with potential investors from the Middle East. So far there's been no further confirmation from the club, but according to sports lawyer Clive Lawrence it's unclear whether or not today's announcement means a deal is imminent.