Leeds United takeover 'almost there' (From Bradford Telegraph and Argus)

Leeds United takeover 'almost there'

12:50pm Tuesday 9th October 2012 in Sport

The man at the head of a proposed takeover of Leeds United hopes to complete a deal for the club he has described as “a young Pamela Anderson” within three weeks.

Leeds chairman Ken Bates opened negotiations with Bahrain-based Gulf Finance House (GFH) in June but a deal remains unsigned.

Bates said on Saturday that both parties were still keen on completing the deal, blaming lawyers for the delay.

And David Haigh, who is the deputy chief executive officer and chief operating officer of GFH Capital, said: “Leeds are like a young Pamela Anderson. It’s in great shape, with superb assets and a great future ahead of her.

“Like any big acquisition we have to be thorough and that’s the process we’re going through right now. We’re almost there and, hopefully, within three weeks it could be done.

“We are working incredibly hard to get the deal done but there are procedures and rules which must be followed.”