Sheikh Ready To Roll

Last updated : 02 December 2003 By Kevin Markey

The Sheikh made a statement to the Stock Exchange that he is exploring options which could lead to a takeover bid.

Leeds' future remains uncertain even if a Middle Eastern consortium does decide to invest, it may be too late.

Chief executive Trevor Birch and deputy chairman Allan Leighton will continue their efforts to restructure Leeds' £78m debts, knowing that unless they are successful by the end of the week then administration may follow.

The Sheikh's statement went: "Further to recent press speculation and comments attributed to His Excellency, the Sheikh confirms that he is at an early stage in exploring a number of options to assist the company in its present financial position that may or may not lead to an offer being made for the company's issued share capital. A further announcement will be made as appropriate."