By Andy Gregory
It has been reported that Leeds United owners GFH Capital are close to securing significant investment in the club, which will see them regaining ownership of Elland Road. There has so far been no official response from the club, but talks are said to be at an advanced stage.
Over the last few weeks there have been two potential investors touted around the media, the first being Red Bull. News of the Austrian company's interest has received a mixed response from fans, with many fearing the renaming of Elland Road followed by a complete rebranding of the club. The fears come from the controversial takeovers of other football clubs such as New York Red Bulls and Red Bull Salzburg.
The other name being mentioned is Prince Abdullah bin Mosaad, who is a former president of Al-Hilal football club. According to al-Eqtisadia daily the Saudi Prince said "He is very close to buying a club and he will make an announcement on a deal in coming few days", he did not however identify the club.
Whoever it is that GFH are in advanced discussions with, this has to be good news for Leeds United and its long suffering fans. It is also fantastic that the club is looking to buy back Elland Road, owning our stadium again would be a massive boost. It is however imperative that there are also funds made available to Brian McDermott to enable him to bring in the players that the team requires, we are clearly lacking in certain positions and this needs addressing if we are to have a successful season. If he is given the backing of the board, I am confident he will deliver what we all crave.
Hopefully there will be some more good news coming our way.