SportBusiness.com

Leeds takeover talks

The on-going saga at troubled English Premier League club Leeds United will drag on for a further four-days after the club was granted an extension to a deadline which could have led them to administration.

The club – with debts of £80m – had originally been given until January 19 to find a new buyer or investor to ensure they could survive until the end of the season.

That was extended for a week after the club said they could raise the £5m needed during the January transfer window.

Now the extension has been extended again – this time after the club confirmed it was in talks with a consortium wanting to take control of the club.

The club’s CEO Trevor Birch – formerly with Premiership rival Chelsea – says talks are at an advanced stage with the local businessmen. Reports suggest a bid of £20m has been tabled, but their identity is not yet known.