Leeds United linked businessman Steve Parkin raises £10.4m in shares sell-off

Leeds United Crest

Is investment in Leeds United finally coming?

Is investment in Leeds United finally on it's way, or is there another false dawn on the horizon?

The Mirror reported in November that Yorkshire based businessman Steve Parkin was keen on buying a stake in the club, with owner Massimo Cellino open to talks. 

The Yorkshire Evening Post reported this week that Parkin has been regularly seen in the director's box at Elland Road, even though Cellino remains silent on his intentions.

Parkin has also been quiet about his intentions, but the latest stock market news may pique the interest of Leeds fans.

LSE.co.uk reported this week: "Clipper Logistics PLC Tuesday said an entity connected to Chairman Steven Parkin sold a 4.0% stake in the retail sector logistics services provider.

"Oak From Acorn LLP sold 4.0 million shares at a price of 260 pence per share on Monday, worth GBP10.4 million before expenses."

It is purely speculative to suggest this could be connected to a planned takeover or investment at Leeds United, but it is a potential clue that Parkin could be gearing up to attempt to strike a deal.

£10 million alone will be only a portion of what is required for what Leeds need, but a Management Today report in 2015 which estimated Parkin's worth at £188 million suggests he has the means to make an impact.

The Yorkshire Evening Post claimed this week Cellino was reluctant to invest further in Leeds until his dispute with the Football League is settled, which could result in him receiving a ban.

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