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Australian billionaire considers Leeds takeover

Tue 13th Apr 2010 | Clubs Ownership

Leeds are reportedly a takeover target for Australian billionaire Frank Lowy according to the Mirror newspaper.

Lowy, who is chairman of the Austalian FA, is interested in buying the League One side as reported in the Sydney Morning Herald,.

Lowy is said to have hired a Leeds-based agent to draw up a detailed report on the feasibility of replacing Ken Bates at Elland Road.

Sources close to the retail magnate, whose Westfield Group owns shopping centres in America, Britain, Australia and New Zealand, claim he feels Leeds have the potential to be a Premier League force again.

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