GFH Capital will complete the takeover of Leeds United within the next 72 hours, The Sun newspaper claimed yesterday.

Quoting an anonymous source, The Sun claims the buyout will cost GFH Capital £50m and that local born Whites fan David Haigh will replace Ken Bates as chairman.

The news follows sightings of David Haigh alongside another GFH Executive, Salem Patel and Ken Bates at Elland Road earlier this month.

However, Phil Hay from the Yorkshire Evening Post is not convinced by The Sun’s claims, tweeting that he’d checked out the story and there is “no expectation” of a deal being completed in the next 72 hours.

It’s still unclear what GFH’s plans for Leeds United are, but they describe themselves as a company who “takes a long-term perspective and invests in growth companies at all stages of development”.

Haigh and Patel alongside Ken Bates and FL Chairman Greg Clarke