London - Shares in debt-laden Leeds United bounced 14 percent on Monday after a newspaper reported that the premier league's bottom club was in talks with a Ugandan property tycoon.
Leeds were not immediately available for comment.
The stock was up 14.3 percent at three pence by 0830 GMT in heavy volume of 3.4 million shares. On Friday the club's shares slumped 25 percent after shareholders were warned they could lose out completely in any rescue deal.
Uganda's Sunday Vision newspaper reported that Michael Ezra had proposed a £60-million (about R800-million) bid for the Yorkshire club, said the Sunday Telegraph.
Ezra contacted Leeds last week and the club were trying to confirm he had the money for a bid, said the Telegraph.
Continues Below ↓
Ezra has made a fortune in property and has sponsored Uganda's athletics and Olympic boxing teams, said the paper.
Leeds are more than £80-million in debt after overspending on players. The club have a deadline of Friday to convince creditors they can stay afloat until the end of the season.
Leeds suffered their sixth successive league defeat on Saturday when they lost 2-0 at Aston Villa.
|
StumbleUpon
Reddit
Digg
Delicious
Newsvine
Facebook
muti
Twitter
