Post by Taxigirl on Dec 10, 2003 9:55:50 GMT
Leeds have confirmed to the Stock Exchange they are in discussions with a number of interested parties about a possible takeover.
The club are currently around £80million in debt and recently reached a agreement with creditors to stave off the immediate threat of administration.
Sheikh Abdulrahman Al-Khalifa has been strongly linked with a move to take over the club and Leeds' plc has confirmed they are discussions with interested parties.
"The Board of Leeds United PLC confirms that it is currently in discussions with a number of interested parties which are at a very early stage and may or may not lead to an offer being made for the company," read the statement.
"The board, which is being advised by KBC Peel Hunt, will issue further statements when it is appropriate to do so."
Leeds chairman John McKenzie claims that the club is still a great investment for the right buyer and news of the great interest in the club will be a massive boost that a new owner can be found.