25 Feb 2013 21:01:47
SUNDAY TIMES 24. 02. 13

Leeds United sale talks advance as GFH seeks cash. #LUFC
Leeds United manager, Neil Warnock could soon find himself working for a third set of owners in one season. The Championship club are close to being taken over for the second time in a little over two months after a round of negotiations between the current owners, Gulf Finance House, and a consortium fronted by the former Hull City chairman Adam Pearson. According to sources, a Share Purchase Agreement was drawn up between the two parties last week in preparation for a scheduled completion meeting.

The transaction for a majority shareholding could be completed this week. Pearson, who plans to take day-to-day control after any takeover, will buy a percentage of the shares himself, but principal funding comes from a Saudi Arabian investor.

The Saudi interest in Leeds is long-standing with efforts made to purchase the club before GFH gained control. A wealthy American businessman, Preston Haskell, came close to completing a deal for Leeds last year but backed out when Bates attempted to change the terms of the investment.
GFH, a Bahraini bank, bought Leeds from Ken Bates in late December. Leeds United said yesterday that the club 'continues to be interested in appropriate co-investment and have been approached by various third parties' but would 'not confirm or comment on the nature of any such conversations or the participants involved'.

1.) 26 Feb 2013
Pearson has denied any involvement with the latest bid. That's what some web sites are reporting.

PeteMOT

2.) 26 Feb 2013
Pearson posted on SS site and Hull FC rugby site that the rumours aren't true and he is fully committed to the rugby club. wouldn't be the first time a businessman has denied being involved until a deal is completed, although if he is staying at Hull then looks like it could just be paper talk.

Hopefully will be true, Pearson seems like a decent bloke and would love to see him back at Leeds as we need somebody like him

3.) 26 Feb 2013
Lets hope this happens! investment = promotion. MOT

4.) 26 Feb 2013
If Pearson is a "decent bloke" why deny everything?