Leeds United released a small statement on June 9 to confirm that an agreement had been reached between 49ers Enterprises and Aser Ventures for the purchase of the club. It was the breakthrough that supporters had been waiting for and although the deal needed ratifying by the EFL, it meant the club could begin making preparations for the new season.
Two and a half weeks on and the Whites are still waiting for the takeover to be officially approved by the governing body, who have been running the chief members of the 49ers Enterprises investment group through their owners’ and directors’ test. The test is designed to ensure those involved in the takeover are suitable and have the finances required to run the club.
Of course, given their prior involvement at Elland Road, Paraag Marathe and Peter Lowy have already been through and passed the test, but others involved in the consortium have not. Until those individuals have been thoroughly assessed, the takeover cannot be given the green light and that’s where we are at present, waiting patiently for communication from the EFL.
