Trust welcomes Leeds takeover

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The Leeds United Supporters Trust (LUST) has welcomed news that a Middle-Eastern investment bank has confirmed it is leading a takeover of the club.

Bahrain-based Gulf Finance House (GFH) confirmed on Thursday morning in a letter to the Bahrain Stock Exchange that one of their subsidiaries, GFH Capital, had signed an exclusive agreement to lead and arrange the purchase of the club's parent company, Leeds City Holdings.

And, having lobbied for change on behalf of the Trust since its formation, LUST chairman Gary Cooper expressed his delight at the latest development. He told Press Association Sport: "This is great news. The Trust has been calling for the potential buyer and the club to say something and this is what we've all been waiting to hear."

Copyright (c) PA Sport 2012, All Rights Reserved.

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