It simply seems to be a case of waiting for the administrative grind to conclude so the club can secure ratification and properly move on. All that can be said is that nobody is suggesting the buy-out is in any way in doubt. None of which is very helpful in answering the original question. That has to be disposed of to prevent a conflict of interest. As an example, one member of the group has a small stake in Plymouth Argyle. But anyone who the EFL deems to be relevant has to go through its test and the EFL will not ratify a takeover until every box has been ticked. 49ers Enterprises did not and still doesn’t expect any issue with its takeover, not least because some of those involved in it - Paraag Marathe and Peter Lowy for two - are already board members at Elland Road and have passed relevant checks in the past. Needless to say, this requires paperwork and processing the paperwork takes time. The EFL asks for evidence of where funding is coming from and whether that funding is sufficient, backed up by a business plan. Relevant people - those joining a club’s board, for example - have to go through the Owners’ and Directors’ Test (O&DT) and demonstrate they are not subject to any condition, a criminal conviction for instance, which disqualifies them from being involved with a club. To cut to the chase with the process, the EFL has to satisfy itself that everything and everyone associated with any takeover meets the required criteria. Even now, Leeds don’t have any definite indication of a date. It never gives firm indications of timescales to the media and in certain situations, like this one, clubs themselves are in the dark about exactly when approval will arrive. The problem when it comes to providing clarity is that the EFL never comments on club takeovers, publicly or privately. OK - this is a condensed version of a much longer question and also a catch-all for many similar queries about why the buy-out is still not official. So let’s kick off there, with apologies to those of you whose questions we don’t get around to…Ĭan we get the current status of the EFL ratification of the 49ers’ takeover - directly from the EFL? (Telly H) Change on this scale throws up a mountain of questions and, in our latest Leeds mailbag, you had plenty - a very large number of them focusing on the pending takeover by 49ers Enterprises, the white smoke everyone is waiting for and the implications of it.
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