According to the Yorkshire Evening Post, GFH have bought 33.33% of Leeds City holdings with Ken Bates retaining 50% http://www.yorkshireeveningpost.co....haigh-confident-of-sealing-takeover-1-5220238 "A deal agreed between them on November 20 saw GFH Capital acquire a 33.33 per cent stake in Unitedâs parent company, Leeds City Holdings Limited, with Bates retaining just under 50 per cent of the shares." Has this been 1 big smokescreen?
They buy remaining 67% of shares on December 21st. Hope that clears it up for you TC as I know your'e worried
Lets hope they don't miss another payment then or GFH might have a new Chairman please log in to view this image
As Eire said, they've already bought 33% and are completing on the 21st. From our website: "Leeds United Football Club Limited ('LUFC') the company that holds the shares in the Football League, is a member of the West Riding County Football Association and an Associate Member of the Football Association. LUFC is a wholly owned subsidiary of Leeds City Holdings Limited ('LCH'). LCH has 6 unconnected shareholders. Four of the shareholders hold 18.11% collectively, with no one of these holding more than 10%. FSF Limited (a company incorporated in Nevis) holds 48.56% of the issued shares. FSF Limited is owned by Outro Limited which is wholly owned by Mr. K. W. Bates and is registered in Nevis. LUFC Holding Limited a company based in Grand Cayman holds 33.33% of the issued shares. LUFC Holding Limited is a wholly owned subsidiary of GFH Capital Limited which is based in Dubai. GFH Capital Limited is a wholly owned subsidiary of Gulf Finance House, BSC, which is based in Bahrain. No shareholder in Gulf Finance House, BSC holds over 10% of its shares. LUFC Holding Limited will acquire the 66.67% shareholding held by the other shareholders on the 21st December 2012. November 28 2012"
If they dont find the outstanding balance by the 21st Ken Bates and co will retain full control Simples and they have already missed a payment Millwall have signed Beevers from Wednesday on a 3 year contract but doesnt actually come into effect until Jan 1st How many have Leeds signed on the same terms ? surely with all them billions coming in Warnock has them all signed sealed and dusted just awating the formalities yes ? No hope
Some tweets from a moron... Adam Pope ‏@APOPEY #lufc @BBCLeeds told by source that working capital is in place to strengthen squad in January once deal is complete. Adam Pope ‏@APOPEY #lufc @bbcleeds told by source that chairman Ken Bates has tried to raise the price & change the terms of the deal at the eleventh hour. Adam Pope ‏@APOPEY #lufc @BBCLeeds has been told by a reliable source that GFH Capital say the money to buy Leeds United is in place to complete before Xmas.
That doesn't sound like the Ken Bates we know and love, surely what he would have been doing, if anything, would be trying to add some extra terms to make it more beneficial for the fans?
Speak for yourself Jonny, I consider him my Saviour. Indeed I will be going to church over Christmas to give thanks for his birth. Though its true that celebrating His crucifixion at Easter may do more to raise my spirits.
