Leeds Chairman Reveals New Investment Could be Near

Leeds United chairman Salah Nooruddin has revealed that new investment for the club “might be on the horizon.”

Nooruddin, who bought a 10% stake in the Championship club in March, said the unknown party would be able to push the club to the “next level.”

Nooruddin told BBC Radio Leeds: “We are very particular as to the quality and type of investor we want to bring in.

“We are looking for an investor who really adds value and can help us take the club to the next level. I think something might be on the horizon.

“But we have reached a situation where I would say we are close to engaging with one.”

Right investor

Nooruddin also added that there had been no shortage of interest in the club, but they wanted to ensure the right investor was found.

“There’s a lot of interest, but we are looking for an investor that really adds value and can help us take the club to the next level,” he said. “And we’ve been sometime doing that and I think something might be on the horizon.

“We need people who understand the dynamics of the football club. The reward could be huge, taking a club of Leeds’ size and magnitude into the top flight will be a magnificent achievement for an investor.

“This is what prompted us to make an investment in Leeds. This is a special club, and any investment requires patience, it’s for the long-term, and has to be someone who loves football. It can’t be purely financial.”