Leeds close to takeover

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Bahrain-based investment bank GFH Capital are poised to complete their takeover of Leeds, the two parties said on Friday.

GFH Capital have provided Leeds owner Ken Bates with the necessary proof of funds to complete the transaction, which has been in the pipeline since May when talks between the two first began.

Speaking on Friday morning, Bates said: "It's been a long road, but we are in a good place. Both sides have been in talks over the last few days to finalise this deal. We are keeping focused and hope to complete very soon."

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