Leeds United said to be stable financially
By Gayathri Kanagasundaram
Leeds United Football Club has announced that there is “no chance’ that the club will be going into administration.
Managing Director of the club David Haigh last night told The Yorkshire Post the club is “in good hands” and that the club is in stable financial position.
Last night Twitter was in furor over rumours that the club may be going into administration sometime soon.
This is because of the current bidder of United, Italian Massimo Cellino, attempting to buy 75% of the club from the current owners GFH Capital.
However the deal worth £25m pound, cannot go in place until Cellino’s bid has been approved by the Football League.
Brian McDermott yesterday revealed that he was worried for the stability of the club , claiming there is an “apprehension about the place”
But Haigh has confirmed that the club is far from financial insecurity and has confirmed he has left GFH Capital to focus solely on the club.
We asked people what they thought about the administration rumours being quashed:
https://soundcloud.com/c-oconnor/fans-say-their-opinion-on