Leeds United may soon have new majority stakeholders.
The businessman leading supporters group Leeds Fans Utd in a bid to buy a majority stake in the club has been speaking to the Yorkshire Evening Post about the upcoming stages of the process.
Dylan Thwaites has been making headlines since the news broke that he had met with Leeds United owner Massimo Cellino in a bid to take over the Championship club last Friday, and now the LFU chief executive has suggested a deal could be complete in the next three months.
The report claims Thwaites will pay no more than cost price for Leeds – said to be £30million following an independent audit – but he still needs Cellino to grant exclusivity in order for a swift deal to go through.
Speaking to the YEP this week, Thwaites said, “We can do the minority stake part of the deal within four or five weeks. We can do the majority stake part within three months.
“We are highly confident. We need that legally binding exclusivity to progress with this deal.”
Those Leeds fans concerned about just how so much money can be raised in a short space of time will be interested in Thwaites’ explanation that there will be a four-tired shareholder policy, starting with the Community Benefit Society and ending with institutional investors that Thwaites claims he is talking to this week.
On the pitch Leeds finally got their first win under new manager Steve Evans when they overcame Cardiff City 1-0 on Tuesday evening, but there is still a lot of work to do – both on the field and off it – before the future of the Whites is crystal clear.