Leeds to be taken over - TODAY

By Andy Baggott
October 28 2004

Stories are coming out that Leeds are on the point of being taken over. According to local radio and the Yorkshire Post, a deal has been struck between Leeds and a consortium comprising of Nova Finance and Sebastian Sainsbury

The deal will wipe out almost all of our debt, and have some money left over for players. They are also believed to be buying back Thorpe Arch. The deal would see Krasner and the rest of the board given a 19% share in the club, and £2 million between them, but Sainsbury would take over as Chairman.

More to follow when we have it, but this is the news we have been waiting for…..

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