By Steve Barras
At long last it seems the old miser that is Ken Bates is finally on his way out of Elland Road. The club announced today (Tuesday 26th June) that they have granted an exclusivity period to enable a potential investor to carry out the appropriate due diligence. According to some sources the ‘Due Diligence’ was completed two weeks ago and that an announcement on the new ‘Investor’ will be made sooner rather than later. In fact BBC Radio Leeds has implied that an announcement will be made within the next 48 hours.
Onto the alleged ‘Investment’. Phil Hay who writes for the Yorkshire Evening Post tweeted that he had been in contact with a Sports Lawyer, the lawyer states that at face value the latest statement seems to point to a full takeover of the club rather than investment, it is also worth pointing out that newly crowned Premier League Champions, Manchester City announced on their website prior to Sheikh Mansour Bin Zayed Bin Sultan Al Nahyan’s takeover that they were in talks regarding possible investment in the club.
Our investment’s origin is far from certain but recent speculation seems to be pointing to the Far East but the North American rumours refuse to go away.
As soon as the announcement was made my head was instantly filled with images of the world’s greatest footballers playing for Leeds United, Messi was there, Xavi, Iniesta, Fabregas, Schweinsteiger, Puyol, Alves and Villa to name but a few. Now, I don’t believe for one second that any of these players will actually sign for Leeds but it is hard to imagine the superstars of the future and why can’t we be a part of that future? With the right ‘Investment’ Leeds United could be the new Barcelona. Never say never.
“However, our discussions with them have left us very comfortable that they have the financial resources to support the club and that they will have no issues in satisfying the requirements of the Football League’s Owners and Directors Test.” This to me is a very positive step forward, I don’t pretend to be an expert when it comes to the Football League’s tests for Owners and Directors but I believe that to take part in one then you would have to be buying at least 30% of a club. The Leeds United Supporter’s Trust (LUST) have always, from the very beginning, said that all parties that they have had contact with do NOT want to work with Bates, they want to own the club outright. Plus it seems that our new ‘Investor’ has cash to burn, that is, if you listen to gossip. I prefer to wait and hope with fingers crossed that the proposed Billionaire from Toronto/Kuwait/Saudi Arabia/Skegness comes to fruition and makes us once again a force to be reckoned with.
The fallen giant of English football will once again raise its head and claim its rightful place at the head of the high table.