Leeds chairman: "Takeover is progressing slowly"

Elland Road Credit: Calendar

Leeds remain the subject of a takeover bid but it is only progressing slowly, according to chairman Ken Bates.

The Elland Road club announced on June 26 they had entered an exclusivity period with potential investors but today, 85 days later, the situation remains unresolved.

Leeds have only released a statement to confirm that the exclusivity period had ended but talks remain on going.

Speaking in the club programme ahead of last night's 3-2 defeat against Hull, the chairman also said: "The current situation is that as I write, the appropriate documents have not been finalised between the lawyers."

GFH Capital, who are working on the deal on behalf of a Middle Eastern consortium, have sent representatives to one of United's games this season but have not made any comment on the nature of the talks.