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Bates Confirms Sale

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21 Nov 2012 13:02:12

Bates Confirms Sale

Leeds United chairman Ken Bates says on Yorkshire Radio: "I can confirm we have now completed all the negotiations with GFH Capital."

“We have completed the first part of the purchase and they will be taking over 100% of the club. Meanwhile, there is a transitional period while they get to know more about the club.

“I will continue as chairman until the end of the season when I will take over as president and I look forward to sitting back and taking more time off. Neil Warnock will continue as manager with more support than the present owners have been able to give and we look forward to a smooth transition.

“One thing I can say that has benefited from the negotiations is that this six-month courtship has given GFH Capital the opportunity to see the strengths and weaknesses and what needs to be supported. You can look forward to a smoother transition than we’ve seen at a lot of clubs.

“I’d like to thank, on behalf of Suzannah and myself, the tremendous support we have received over the years, particularly over the last 12 to 18 months which hasn’t been easy, but has made us more determined to see the job through.”

Source: LeedsUtdMAD


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