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Leeds United on brink of takeover – £10m now for £120m deal on promotion

There’s nothing that will get Leeds United fans salivating more than the increasingly real prospects of promotion to the Premier League; they currently sit atop the table. They are one point ahead of West Brom and a full eight clear of 3rd place Fulham.

Promotion to the top-tier of English football brings not only the kudos and the bragging rights, but it also gives United fans the chance to see their side play against some of the best players in world football. Whilst it would be very hard to top that feeling and a burgeoning sense of expectation, thoughts of a takeover backed by Arab money must come a pretty close second.

The rumours of the said takeover have been around for a while now, a takeover by Qatari Sports Investments (QSI) who are an investment arm with links to the Qatari royal family. News of this takeover interest was initially broached by a group of reporters from the Financial Times and has been simmering ever since.

News from the Daily Star last night raised interest from simmering to bubbling with the red-top daily saying that United are “on the brink of £120m takeover” with QSI, the owners of French giants Paris Saint-Germain expected “to move in at [the] Championship leaders.”

The Daily Star’s Harry Pratt says that QSI is “set to pay £10m for a stake in the club now” and that the balance of the £120million deal will be concluded “with a full purchase to follow if they are promoted at the end of the season.”

Pratt reports that Leeds United owner is willing to take a double-your-money offer of £80million now, but that potential suitors remain cautious of this what with the Whites still in the Championship. Promotion to the Premier League would instantly make a £120million putchase of the club look like a veritable snip, what with the share of the monies that comes from the Sky Sports TV pot.

Should such a takeover materialise, it will give Leeds United fans that bonus of knowing that proper support backed by proper money is behind the club. There’s just one thing to get out of the way first though – promotion to the Premier League.

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