Red Bull denies Leeds United investment plans

Red Bull has denied claims that it is on the verge of purchasing Championship outfit Leeds United, insisting that the corporation is not looking to make any more football-related investments.

It had been stated by Leeds owner Massimo Cellino - currently suspended following a tax evasion conviction - that the sports drinks company was looking to buy the Yorkshire club for £60m in the next three weeks.

However, this claim has been refuted by the corporation's head of global football marketing, Oliver Mintzlaff, who told German newspaper Suddeutsche Zeitung on Sunday: "Another involvement in football is not planned."

Red Bull already runs professional clubs in Germany, Austria and the United States.